As grocers look to close the digital adoption tab between higher- and lower-income consumers, leading players in the space are increasingly adding new options for Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) recipients. Amazon, for its part, has been expanding its acceptance of SNAP...
Layer2 Financial has partnered with Evita to streamline and optimize the processes around B2B cross-border payments. This collaboration brings together the capabilities of Layer2 Financial’s banking-as-a-service (BaaS) and payments infrastructure technology and Evita’s B2B cross-border payments solution, the companies said in a Wednesday (Dec. 20)...
Expensify added a budgeting tool to its financial management app for businesses. The new tool allows admins to set monthly or annual budgets for teams, departments, employees or the company as a whole, Expensify said in a Wednesday (Dec. 20) press release. It also provides...
In a digital landscape increasingly defined by the surge of online and mobile shopping, consumer demand for flexible, secure and convenient ways to authenticate transactions is at an all-time high. Enter biometric authentication — a game-changing technology revolutionizing how transactions are verified using unique physical...
Despite its increasing popularity, generative artificial intelligence is still in its infancy. What happens now with the novel technology will be determined by what businesses and governments themselves do next. The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) took a key...
Two global financial regulators published policies designed to strengthen liquidity management by managers of open-ended funds (OEFs). The Financial Stability Board (FSB) has published revised recommendations for financial regulatory and supervisory authorities, while the International Organization of Securities Commissions (IOSCO) has released guidance on the...
The British court has ruled that a scientist cannot patent inventions created by an AI. The ruling by the U.K. Supreme Court is a “landmark” decision in the U.K. about whether artificial intelligence (AI) can own patent rights, Reuters reported Wednesday (Dec. 20). According to the report,...
British music and entertainment retailer HMV has tapped Worldpay to help it expand in Europe. HMV will use Worldpay Omnichannel — a Worldpay and FreedomPay effort — to improve its omnichannel strategy across 34 markets, Worldpay said in a Wednesday (Dec. 20) press release. “Worldpay Omnichannel allows merchants to operate across borders and...
British FinTech Revolut is reportedly on track to bring in $1.9 billion in revenue for the year. The startup’s monthly revenue averaged roughly $158 million in the first half of the year, Bloomberg News reported Wednesday (Dec. 20), citing an investor presentation. According to that report, those numbers would...
