News

eCommerce
15% of Consumers Buy Online to Control Time Spent Shopping
December 06, 2023

Online retail subscriptions have revolutionized the way consumers shop, providing convenience and personalized experiences that cater specifically to individual preferences and needs.  This shift in shopping habits presents an opportunity for online merchants to capitalize on evolving consumer expectations by innovating with retail subscription offerings,...

B2B Payments
Will 2024 Be the Year of Win-Win Buyer-Supplier Dynamics?
December 06, 2023

Another year has nearly passed, and with it, trillions of dollars of global B2B spend. And despite the fact that a chunk of those B2B payments are still estimated to be locked up in outstanding receivables and paper-based processes, the global B2B payments market was slightly different in...

Retail
Walmart CEO: Next Year’s Spending Patterns Tough to Forecast
December 06, 2023

Walmart’s CEO says it’s difficult to project what the retailer’s post-holiday sales will look like. Speaking with CNBC Wednesday (Dec. 6), Doug McMillon said that higher credit card balances and reduced household budgets have called into question how much consumers will spend, despite their recent resilience. “If we...

B2B Payments
Car IQ and Fluid Truck Partner to Streamline Fleet Payments
December 06, 2023

Car IQ and Fluid Truck have joined forces to transform the way fleet drivers pay for services on the go. This collaboration will bring together Car IQ’s payment solution and Fluid Truck’s truck sharing technology, the companies said in a Wednesday (Dec. 6) press release....

Investments
Virtual Pizzeria Milano Vice Raises $9M Amid Ghost Kitchen Upheaval
December 06, 2023

As the virtual brand space goes through significant changes, delivery-focused, tech-forward pizza brand Milano Vice is bringing in funds by the millions.  The Berlin-based startup shared in a LinkedIn post Wednesday (Dec. 6) that it has secured 8.3 million euros ($8.94 million) in Series A funding in...

Artificial Intelligence
Zoovu Unveils Generative AI Solution to Provide Personalized Buying Experiences
December 06, 2023

Zoovu, an artificial intelligence (AI)-powered product discovery and eCommerce experience platform, has unveiled a generative AI solution designed to revolutionize the way consumers discover and purchase products.  The new Advisor Studio aims to provide personalized and interactive buying experiences while driving greater revenue for brands, the company...

Investments
Citi Invests in and Expands Use of FinTech Firm Icon Solutions
December 06, 2023

Citi has invested in payments technology company Icon Solutions as it modernizes its payments platform. The investment, made via Citi Treasury and Trade Solutions, comes as Citi also plans to expand its use of Icon’s payments framework (IPF) to improve its micro-services orchestration architecture, the banking giant said Wednesday...

B2B Payments
Visa Picks Enfuce to Launch New Fleet Mobility Card
December 06, 2023

Payment processor Enfuce and Visa have expanded their partnership to introduce a new mobility card. The collaboration, announced Wednesday (Dec. 6), lets the two companies deliver the Visa Fleet 2.0 solution to their joint, prospective clients across Europe. “Unlike traditional closed-loop cards used by most fleet operators worldwide, the Visa Fleet...

Investments
Center Raises $30 Million to Enhance Spend Management Offering
December 06, 2023

Center has raised $30 million to develop new features for its expense management software. The Series C funding round, announced Tuesday (Dec. 5), will help the software company develop capabilities that deal with customer pain points around expense management and travel and expense solutions. “Amidst a backdrop of...