News

B2B Payments
Verituity Raises $18.8 Million to Expand AI-Powered Verified Payout Platform
June 21, 2024

Verituity has raised $18.8 million to support the growth of its B2B and B2C verified payout platform. The firm will use the new funding to continue to develop the machine learning (ML) and artificial intelligence (AI) models that power the platform, to accelerate its growth...

B2B Payments
Commerzbank to Launch Fully Digital Credit Card Solution for Businesses
June 21, 2024

Commerzbank plans to expand its credit card offering for business customers in Germany, adding a fully digital card with card management and usage features. The bank expects to launch this new offering in the third quarter, Commerzbank said in a Tuesday (June 18) press release....

eCommerce
Online Merchants Scramble as Google’s AI Overviews Shakes Up SEO
June 21, 2024

Google’s recent rollout of AI Overviews (AIOs) in U.S. search results has sent shockwaves through the eCommerce industry, prompting online retailers to reevaluate their search engine visibility strategies. SE Ranking, an SEO platform, says there are both challenges and opportunities for online merchants as they...

Retail
Grocery Shoppers Favor Omnichannel Purchasing Journeys
June 21, 2024

Pure-play eCommerce may be slow to catch on in grocery, but PYMNTS Intelligence research shows omnichannel engagement has caught on in that realm. By the Numbers Supplemental research from a survey of nearly 2,500 U.S. consumers the PYMNTS Intelligence ConnectedEconomy™ Monthly Report broke down which...

Retail
Report: Shein Shifting IPO to UK Amid Pressures in US
June 21, 2024

Shein is reportedly facing numerous challenges in its pursuit of an initial public offering (IPO) in the United States. Tensions between China and the U.S. have impacted business and trade, making it increasingly difficult for Shein to go public in the U.S., CNBC reported Friday...

Retail
Back-to-School Sales Are Already Starting as Shoppers Seek More Deals
June 21, 2024

Back-to-school sales are getting earlier and earlier, as brands and retailers look to beat their competition to the punch. Apple, for instance, has already kicked off its deals for the season, with deals having gone live Thursday (June 20), according to the tech giant’s site,...

IPO
Report: Pine Labs Considering IPO in India, Seeking $6 Billion Valuation
June 21, 2024

Asian digital payments provider Pine Labs is reportedly considering a $1 billion initial public offering (IPO) in India, seeking a valuation of $6 billion. The company may issue both new and secondary shares, and it could do a pre-IPO fundraising round, Bloomberg reported Friday (June 21), citing...

B2B Payments
Traditional Banks Must Innovate Their B2B Solutions to Stay Competitive
June 21, 2024

Both the banking and business landscape are being reshaped by next-generation behavioral expectations. In order to meet these emerging end-user expectations, which tend to center around convenience, security and digital innovation, it has never been more important for financial institutions (FIs) to stand up competitive...

Retail
Media Giants Seize on Consumers’ Demand to Get off the Couch
June 21, 2024

With the shift in media consumption toward streaming so ingrained now, consumers are no longer as excited about the option to view more content from the comfort of their homes — they are hungry for in-person experiences, and media companies are getting onboard. Take, for...