• Spanish Bank Sabadell Begins Discussions to Sell Payments Arm

    Spanish financial services company Banco Sabadell is in discussions to sell its payments business and has thus far received bids from three companies, according to published reports. The Barcelona-based bank has gotten offers from American financial services firm Fiserv, the French company Worldline and Italy's Nexi in a deal valued at $394 million. Sabadell is […]

  • For Some Restaurants the House Specialty Is a Visiting Chef

    Consumers may be once again traveling all around the world, but memories of that lockdown cooped-up feeling have many willing to spring for experiences that broaden their horizons. Restaurants have the chance to take advantage of this pent-up demand, offering experiences that offer that sense of exploration and discovery. Noting this opportunity, chefs Rupert and […]

  • Auditoria.AI Introduces Smartbots to Manage AP, AR Email Inboxes

    Natural language and artificial intelligence (AI) technologies provider Auditoria.AI has introduced two AI-enabled smartbots that monitor and manage shared accounts payable (AP) and accounts receivable (AR) email inboxes. Dubbed AP Helpdesk and AR Helpdesk, the smartbots deliver automated responses that speed up response time, improve service to vendors and customers, and scale with automation, according […]

  • Aggregator Adoption Still Has a Long Way to Go

    Consumers may be increasingly turning to third-party aggregators to get their food needs met, but these aggregators continue to struggle to gain share from other restaurant ordering channels. By the Numbers Research from PYMNTS’ new study “How the World Does Digital: The Impact of Payments on Digital Transformation,” which drew from surveys of census-balanced panels […]

  • Today in B2B Payments: Firms Plan Investments in Supply Chains, Remote Teams

    Today in B2B payments, Visionaries Club raises 400 million euros (about $388 million) to invest “courageous capital” in digitizing supply chains, while Remofirst raises $14.1 million to help companies build remote teams. Plus, Markaaz and Nav Technologies partner to deliver curated financing options to the owners of small- to medium-sized businesses (SMBs). German VC Firm […]

  • Two-Thirds of Firms Plan to Automate Routine AP Tasks in Next 12 Months

    Aiming to automate routine accounts payable (AP) procedures, two-thirds of firms are either currently innovating their systems or plan to do so within the next 12 months. In fact, 11% of firms say they are currently innovating their AP systems, 31% say they will start innovating in the next six months, and 27% say they […]

  • Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk

    El Salvador has repurchased more than $500 million of its bonds at a huge discount, but that may not lessen its risk of a default at the beginning of 2023. While the country’s experiment with bitcoin as a legal tender has largely been a failure, with almost no one reportedly using the cryptocurrency as a […]

  • EMEA Daily: Adyen Launches POS Terminals; End of UK Paper Banknotes

    Today in Europe, the Middle East and Africa, Adyen has launched its own line of POS terminals and the U.K. prepares to phase out paper bills at the end of the month. Adyen Launches 2 POS Terminals The Amsterdam-based global payments company Adyen Friday (Sept. 23) launched two point-of-sale (POS) terminals — the NYC1 and […]

  • Congress Drills Bank Brass on Authorized Push Payments Fraud

    The top brass of the country’s seven biggest financial institutions faced lawmakers in a second meeting on Capitol Hill about accountability, consumer protection, and compliance, with private peer-to-peer payment network Zelle emerging as a hot-button issue. Zelle has been in the hot seat over authorized push payment fraud and is owned by Early Warning Services, […]

  • Watchdog: Crooks Likely Jacked $45B From Pandemic Unemployment

    Crooks likely used the Social Security numbers of dead people and prisoners plus filed claims in multiple states to steal more than $45 billion from the pandemic unemployment program, three times more than previous estimates. The expanded U.S. unemployment insurance program started in March 2020 paid out more than $872 billion in pandemic aid intended […]

  • Raising the Bar for Passwordless, Frictionless Commerce

    3DS 1, 3DS 2.1, 3DS 2.2. These acronyms should be crowding merchants’ minds as fines loom this fall for those who are not in compliance with the latest version of the 3D Secure protocol for authenticating eCommerce card transactions. But the state of readiness for the latest wave of authentication protocols remains uneven at best, […]

  • Checkout Data Helps Icons (and Upstarts) Flex Brand Muscle

    Ideas around using data insights to pinpoint what value and experience really mean to consumers as huge economic trends overlap are the obsession of brands, merchants and payments firms as the digital shift moves into a next phase of removing channel boundaries. This emerged as a key finding of the “2022 Global Digital Shopping Index,” […]