News

Faster Payments
Mangopay and Storfund Team to Eliminate Payment Wait Times
January 16, 2024

French payment infrastructure provider Mangopay has teamed with Storfund to help sellers get paid faster. The company announced its collaboration with the British FinTech in a news release Tuesday (Jan. 16), saying it would let marketplace sellers eliminate the typical 10 to 30-day wait for payment for their sales, and instead...

Delivery
Uber Makes Strides Toward Super App Status by Shuttering Drizly
January 16, 2024

For companies with super app ambitions, consolidation is a key strategy. Forging a seamless connection of experiences — even if they’re disparate experiences — demands some components be readily in place: A digital front door. A linking up of back-end systems, a matching of supply...

Artificial Intelligence
From Prepackaged to Personalized: How AI’s Past Can Shape Its Future
January 16, 2024

Generative artificial intelligence emerged so precipitously last year that it seemed brand new. While the hype cycle pressured firms around the world to think about their AI strategy, it is worth remembering for those enterprises increasingly looking to implement and deploy generative AI in an...

B2B Payments
TreviPay Partners With Mastercard to Expand B2B Payments Network
January 16, 2024

TreviPay has partnered with Mastercard to add a Universal Acceptance solution to its B2B payments and invoicing network. This solution aims to expand supplier access to TreviPay’s payments and invoicing technology, allowing them to offer net terms or trade credit financing, as well as SKU-level...

Payment Methods
PayFacs Expect Half of Their 2024 Revenues to Come From Value-Added Services
January 16, 2024

In today’s fast-paced digital world, companies across various industries are recognizing the importance of improving customers’ payments experiences. Many firms are turning to embedded payments, efficient and high-functioning payment solutions integrated into platforms, as a solution to enhance user satisfaction and create new revenue streams....

Retail
Like Physical Stores, Retailers Are Pinning Hopes on Retail Media  
January 16, 2024

Just like the resurgence of physical retail — retail media ads are now novel once again, especially in-store.   Or maybe they’re keeping their novelty as they’ve become a topic of conversation in the retail industry about what’s producing results. After all, it’s been compelling enough for...

Retail
Is the Luxury Slowdown Normalization or Inflation? 
January 16, 2024

There was a time last year when we heard luxury retailers say that the slowdown they were experiencing was a sign of “normalization,” but now they are warning that profits are continuing down. So, is this truly “normalization” or just inflation at its finest?  Read...

Artificial Intelligence
Report: 25% of CEOs Expect AI to Lead to Job Cuts in 2024
January 16, 2024

A survey found that 25% of CEOs think artificial intelligence will trigger staffing reductions this year. The survey, published Monday (Jan. 15), was conducted by PwC ahead of this week’s World Economic Forum in Davos, Switzerland. A quarter of the CEOs said generative AI would...

B2B Payments
Balance Unveils Suite of Products Covering B2B Transaction Lifecycle
January 16, 2024

Digital payment platform Balance has unveiled a suite of products that span the B2B transaction lifecycle, from order placement to payment settlement. These artificial intelligence (AI)-powered tools encompass net terms assessment and financing, payment cost optimization and accounts receivable (AR) automation, the company said in...