News

B2B Payments
AvidXchange and AppFolio Team on AP Automation for Property Management
November 08, 2023

AvidXchange announced Wednesday (Nov. 8) an integration partnership with AppFolio, a real estate-focused solutions provider. The partnership between AvidXchange and AppFolio aims to enhance accounts payable automation benefits for AppFolio’s 19,000 real estate customers. By integrating with AvidXchange, AppFolio ensures that invoice details and transactions are easily recorded in their accounting...

Loyalty & Rewards
Many Consumers Aren’t Using Store Card Benefits
November 08, 2023

Store cards, also known as retail cards or private-label cards, are credit cards issued by specific retailers or stores. These cards are designed to be used exclusively at the issuing store or a group of affiliated stores. By offering discounts, special promotions and exclusive offers...

Payment Methods
DoorDash Enables HSA and FSA Payments on Eligible Items
November 08, 2023

DoorDash now enables customers to use their health savings accounts and flexible spending accounts to pay for eligible items at select merchants. Beginning Wednesday (Nov. 8), consumers can use their HSA and FSA funds to pay for more than 30,000 eligible products directly on the...

eCommerce
BigCommerce Cuts Staff Amid eCommerce Headwinds
November 08, 2023

BigCommerce says it expects the “headwinds” plaguing its industry to persist into 2024. In order to maintain growth and improve its go-to-market approach in that environment, the eCommerce platform announced a restructuring in its quarterly earnings report Wednesday (Nov. 8) that will impact 7% of its...

Artificial Intelligence
Samsung’s Gauss AI Model Could Soon Be Added to Smartphones
November 08, 2023

Samsung reportedly hopes to introduce “Gauss” to the likes of Grok, Ernie and ChatGPT. Gauss is the name of the generative artificial intelligence (AI) model the smartphone giant is testing in-house, Bloomberg reported Wednesday (Nov. 8), citing comments by executives at a company conference. Gauss,...

Delivery
Delivery on the Rise as Consumers Look to Save Money
November 08, 2023

Persistent high prices of raw materials and supply chain issues have led to sharp rises in operational costs, forcing restaurants to a generalized increase in prices to keep up. In response, customers are craving solutions and adjusting how they dine to save money. A PYMNTS...

Regulation
CFPB’s New Rules Target 13 Billion Big Tech App and Digital Wallet Transactions
November 08, 2023

Will new rules governing digital wallets and apps blunt Big Tech innovations — or put desperately needed guardrails in place? The Consumer Financial Protection Bureau’s proposed rulemaking, announced Tuesday (Nov. 7), would extend the same supervision to those digitally-native firms that already is in place...

Artificial Intelligence
Visa Launches Advisory Practice to Help Clients Use Generative AI
November 08, 2023

Visa launched its AI Advisory Practice, which aims to provide actionable insights and recommendations to help clients use generative artificial intelligence (AI). Offered by Visa Consulting & Analytics (VCA), the company’s payments consulting arm, the new value-added service leverages VCA’s global network of more than 1,000...

eCommerce
TikTok Creating Its Own eCommerce Fulfillment Network
November 08, 2023

TikTok is establishing a warehouse and fulfillment network to boost its eCommerce operations. As a report Tuesday (Nov. 7) by The Wall Street Journal (WSJ) noted, this move shows the social media platform both taking a page from Amazon while writing its own story. On one hand, the report says,...