News

B2B Payments
Airwallex and QuickBooks to Improve Multicurrency Reporting
June 26, 2024

Payments platform Airwallex integrated with financial software provider QuickBooks. The QuickBooks Bank Feed integration lets Airwallex’s customers connect with Quickbooks’ accounting software and sync their Airwallex transactions across supported currencies into their QuickBooks Online account, thus speeding up the reconciliation process, according to a Wednesday...

Cross-border Payments
Western Union Grows Africa Retail Presence Via Morocco ‘Concept Store’
June 26, 2024

Western Union is bringing its “concept store” concept to Africa with a new outpost in Morocco. The money transfer service announced the store — its first on the continent — on Wednesday (June 26), saying it was part of Western Union’s “Evolve 2025” strategy for...

B2B Payments
Tabs Adds Revenue Recognition Capability to Billing, Financial Operations Platform
June 26, 2024

Tabs added revenue recognition capability to its artificial intelligence-powered billing and financial operations platform for B2B businesses. The new Tabs Revenue Recognition module helps businesses manage and recognize revenue, ensure compliance with accounting standards, and improve accuracy and efficiency, the company said in a Wednesday...

Loyalty & Rewards
Flipkart Launches UPI Payment App Offering Cashback Rewards
June 26, 2024

Walmart-owned Indian eCommerce firm Flipkart has launched a Unified Payments Interface (UPI) payment app that offers up to 5% cashback on purchases. The new super.money app is available on the Google Play store. “Unlike other UPI apps, we’ll never offer you useless coupons, scratch cards or coins,”...

Retail
Shop Talk: Face Haus COO Says In-Store AI Boosts Service
June 26, 2024

As artificial intelligence makes its way into more parts of retail, Face Haus, which is making a business on its personalized expertise, is using the technology to enhance that in-person service. Namrata Gupta, the facial bar’s chief operating officer, discussed in an interview with PYMNTS...

Security & Fraud
Australian Bank Spots Scams via How Users Hold Their Phones
June 26, 2024

Can the angle at which you hold your phone help your bank protect against scams? National Australia Bank seems to think so. Speaking during the Australian Banking Association Conference in Melbourne Wednesday (June 26), CEO Andrew Irvine said the lender introduced more “friction” to payments...

Social Commerce
Pinterest Courts Gen Z With Video Sharing Feature
June 26, 2024

Pinterest has begun letting users share videos of their favorite boards to other social platforms. That’s due to a new feature called board sharing, designed to court the world’s youngest and most-digitally engaged generation. “Gen Z makes up over 40% of our global monthly users on Pinterest...

Security & Fraud
The $400 Million Problem: Intellicheck CEO Details the Cost of Fake IDs
June 26, 2024

Bryan Lewis, CEO of Intellicheck, has a stark take on just how severe the damage a fraudster can inflict with a few bits of information. “People don’t realize how easy it is to steal your identity. If I can get your social media account or...

Delivery
FedEx Adds Data-Driven Solutions as Volume Continues to Stabilize
June 25, 2024

FedEx saw its volume continue to stabilize during the quarter ending May 31 after experiencing year-over-year declines. In May, its FedEx Express U.S. domestic package volume was down 1% year over year, while its FedEx Ground was up 1%, its FedEx Express international export was...