News

B2B Payments
Digital B2B Payments Turn User Experience Into a Superpower
August 12, 2024

Not all B2B payments have a great user experience (UX). But all great B2B payments elevate the end-user experience. The problem with building convenience into business payments is that, while in theory it sounds relatively simple, in practice it ends up being incredibly difficult. B2B...

eCommerce
Recent Google Ruling May Open Door to More AI-Powered eCommerce
August 12, 2024

The recent federal court ruling against Google’s search monopoly could usher in a shift in online shopping, potentially reshaping how consumers discover products and businesses market them. In the decision, U.S. District Judge Amit Mehta found Google violated antitrust law, challenging the tech giant’s long-standing...

Regulation
CFTC: Cost Management Solutions Must Pay $100,000 for Failing to Register as Introducing Broker
August 12, 2024

The Commodity Futures Trading Commission (CFTC) said Monday (Aug. 12) that it required Cost Management Solutions (CMS) to pay a $100,000 civil monetary penalty after finding that the company failed to register as an introducing broker (IB). The regulator issued an order that both filed...

Social Commerce
@Girls Host: Social Commerce Is Influencing More Personal Content
August 12, 2024

As consumers increasingly look to social media to inspire their shopping, the social commerce space is becoming more and more about individual creators’ personalities. Jillian Lenna, content creator at 10PM Curfew and host of the @girls page with more than 12 million TikTok followers and...

Retail
Beekman 1802 Co-Founder: AI Enables More Compelling Retail Education
August 12, 2024

As beauty brands look for ways to explain their products to consumers without losing the shopper’s interest, Beekman 1802 is seeing artificial intelligence and augmented reality open possibilities for more engrossing educational experiences. Physician (and reality television star) Dr. Brent Ridge, co-founder of the skincare...

Retail
National Consumers League CEO: Drip Pricing Leaves Consumers in the Dark
August 12, 2024

Drip pricing, or added fees consumers only learn about at checkout, are coming under fire from consumer groups as proposed rules make their way through Congress. In the context of live event ticketing, the practice of drip pricing is “problematic because it can lead to...

Loyalty & Rewards
Cost-Conscious Consumers’ Demand for Discounts Fuels Digital Growth Across Retail
August 12, 2024

As consumers’ ongoing financial concerns drive them to seek deals and promotions, brands across retail categories are seeing increased engagement with their loyalty programs. Sportswear brand Under Armour shared on a call with analysts Thursday (Aug. 8) discussing its first-quarter fiscal 2025 earnings results that...

Cross Border Commerce
Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
August 12, 2024

Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most populous nation after pausing that side of its business in the country, company officials told Bloomberg News Monday (Aug. 12)....

Banking
FDIC Letter on ATMs Paves Way for More Branchless Banking
August 12, 2024

New input from the Federal Deposit Insurance Corp. (FDIC) is poised to pave the way for more “branchless banking” — through interactive teller machines that can, conceivably, amp up competition between smaller banks and their larger counterparts. In a Friday (Aug. 9) financial institution letter,...