Video commerce platform TalkShopLive has launched a partnership with NBCUniversal. The collaboration, set to kick off Thursday (Aug. 22), involves the two companies creating and streaming shoppable livestreams featuring entertainers such as Paris Hilton, who will host this week’s debut event. “NBCUniversal is one of...
Macy’s officials are confident in their “A Bold New Chapter” strategy, highlighted by the company’s First 50 locations. During its second-quarter earnings call Wednesday (Aug. 21), Macy’s Chairman and CEO Tony Spring noted the retailer showcased these flagship stores as a beacon of success amid...
The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems. As real-time fund flows gain ground, the Fed’s 2023 missive detailed progress and positive returns on Fedwire, which previously was...
The Swiss National Bank and SIX Interbank Clearing have launched a new instant payments solution in Switzerland. This solution enables 60 financial institutions to receive and process instant payments as of Tuesday (Aug. 20), the Swiss National Bank said in a Wednesday (Aug. 21) press release. The new...
Blockchain startup Story raised $80 million in a Series B funding round. The San Francisco-based firm announced the financing Wednesday (Aug. 21) on social platform X, saying it would use the money to help it build a blockchain designed to prevent artificial intelligence companies from...
Banks, FinTechs and payments companies in the United Kingdom are reportedly struggling with the country’s new fraud rules. The entities have until Oct. 7 to comply with new regulations requiring them to reimburse victims of payments fraud, Bloomberg reported (Aug. 21). However, many companies aren’t...
Walmart has sold its entire stake in Chinese eCommerce giant JD.com. The move, announced in a securities filing Tuesday (Aug. 20), comes as Walmart is increasing its own focus on China’s retail sector. Walmart had owned a nearly 10% stake in the company as of late last year, according...
As payment fraud continues to become more sophisticated, many payments companies advocate for a return to fundamental security practices while using new technologies to protect their clients. For example, Mike Rivers, chief technology officer at open payments platform Spreedly, emphasized the importance of a multilayered...
In a business landscape where the only certainty is uncertainty, the power of preparation, adaptability and a strong, resilient culture are increasingly important. The digital threat landscape has transformed dramatically over the past decade — and from cyberattacks to geopolitical unrest and ongoing trade disruptions,...
