News

Cross-border Payments
J.P. Morgan Payments: AI, Blockchain and APIs Make Cross-Border Payments as Simple as Domestic Transactions
December 05, 2023

It’s no surprise that businesses and consumers continue to seek alternatives to traditional, costly and time-consuming methods for international payments, driving a growing demand for faster, cheaper and more efficient cross-border payment solutions.  As their needs evolve, both consumers and corporates want their cross-border payment...

Artificial Intelligence
When There Is No FICO: AI and ML Transform Emerging Market Lending
December 05, 2023

Artificial intelligence (AI) and machine learning (ML) are no longer emerging technologies. The innovations have officially arrived, and they are already having an impact around the globe – particularly within payments and finance. “There’s a lot of data science magic that goes behind the simple...

Retail
Partake Teams With Amazon to Take a Bite Out of Food Allergies 
December 05, 2023

The surge in food allergies is molding the culinary scenery, reshaping a once-ignored issue into a major focus within the food industry.   Cookie brand Partake is stepping up to address this challenge, providing consumers with a solution that enables them to savor and indulge in...

Retail
JOANN Focuses on Controllable Factors to Connect With Customers 
December 04, 2023

During this quarter, JOANN opted to refine its retail approach to align better with customer demand.  During the craft retailers’ latest earnings call on Monday (Dec. 4), Chris DiTullio, JOANN’s chief customer officer and co-lead of the interim office of the CEO said: “We remain...

Artificial Intelligence
Mistral AI Raises $487 Million in Round Led by Andreessen Horowitz
December 04, 2023

French artificial intelligence startup Mistral AI is set to raise about €450 million ($487 million) in its latest funding round. The round includes investments from prominent companies such as Nvidia and Salesforce, and is expected to value Mistral AI at around $2 billion, making it a...

Biometrics
Consumers Embrace Facial Biometrics as Lawmakers Raise Fresh Privacy Concerns
December 04, 2023

As biometric authentication, and notably facial recognition technology, continues its rapid advancement, heightened concerns about privacy and ethical implications have reignited global discourse.  This conversation gained momentum when China introduced draft regulations this summer, aimed at imposing limitations on facial recognition. Following suit, the United States has...

Security & Fraud
Treasury Prime and Effectiv Team on Fraud Detection for Companies and Banks
December 04, 2023

Treasury Prime, an embedded banking software company, has joined forces with Effectiv, a fraud and risk management platform, to bring advanced fraud detection capabilities to enterprises and banks, the companies announced Monday (Dec. 4). This collaboration aims to address the increasing incidents of fraud in the...

Loyalty & Rewards
Merchants Eye Embedded, Flexible Rewards to Keep Transactions Flowing
December 04, 2023

For forward-thinking merchants eyeing new ways to keep the transactions flowing, to keep consumers opening their wallets and wielding cards, new approaches to rewards may prove most rewarding. Consumer spending these past few months has been uneven at best, and we’re nearing the sprint (or...

Cross Border Commerce
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
December 04, 2023

Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the FPS x PromptPay Link, according to a Monday (Dec. 4) press release. The collaboration between the Hong Kong Monetary Authority...