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The growth of eCmmerce has transformed the retail landscape over the last two decades. But in 2025, how many online stores are there in the United States? The short answer: millions. The long answer is more nuanced. In this article, well unpack the real numbers behind U.S.-based online stores, explore how theyre distributed by size and industry, look at the platforms powering them, and examine trends shaping their future.
Bank of America is reaping the benefits of AI investment to enhance its lending and deposits business. The bank today today reported $2 trillion in deposits in the first quarter, a 2.3% increase from Q1 2024 and its seventh consecutive quarter of deposits growth. Loan balances at the end of Q1 were $1.1 trillion, a […] The post Bank of America taps AI to power loan, deposit growth appeared first on Bank Automation News.
Singapores Minister of State for Trade and Industry and Culture, Community and Youth Alvin Tan has called for stronger investor safeguards and clearer product disclosures following the recent Chocolate Finance incident. The fintech saw users tapping its rewards programme in ways that proved unsustainable. In response, the company made changes to its features with limited communication, resulting in user frustration and a sharp increase in withdrawal requests.
Affirm , a payment network aiming to empower consumers and help merchants drive growth, is teaming up with Shopify , the internet infrastructure for commerce provider, to enable merchants in Canada to offer customers the option to pay in instalments. Shopify merchants in Canada with early access can now offer Shop Pay instalments, powered by Affirm, to shoppers, marking the products first availability outside the US.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
With demand for faster, more secure international payments growing, CurrencyFair has selected tell.money to support its open banking integration, ensuring customers benefit from a smoother, more efficient way to send money across borders. CurrencyFair provides fast, secure, and cost-effective money transfers to over 150 countries in more than 20 currencies, offering an alternative to traditional banking fees and delays.
Philippines-based Security Bank has announced a new collaboration with Entrust. The partnership will help the financial institution enhance its electronic Know Your Customer (eKYC) and digital onboarding processes. Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. Identity-as-a-Service (IDaaS) innovator Entrust has entered into a new collaboration with leading Philippines-based financial institution Security Bank.
Question: what’s the best way for your business to get paid while satisfying your customer’s need for varied payment options and convenience? Answer: know the top modes of payment your customers prefer, and ensure you accept them. In this guide, well help you do just that by exploring all the major payment methods for small business. Well highlight the pros and cons of each payment medium to help you narrow down the right options for your company.
Question: what’s the best way for your business to get paid while satisfying your customer’s need for varied payment options and convenience? Answer: know the top modes of payment your customers prefer, and ensure you accept them. In this guide, well help you do just that by exploring all the major payment methods for small business. Well highlight the pros and cons of each payment medium to help you narrow down the right options for your company.
Airwallex , a global financial technology platform, reported a 153% year-on-year revenue increase in Singapore for FY2024. The company attributed the jump to strong transaction volumes and a particularly robust fourth quarter. The global payments and financial platform said revenue in Q4 2024 rose 215% year-on-year, while transaction volumes were up 192% during the same period.
A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov , shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief.
Financial institutions are moving beyond pilot projects to implement production-grade, explainable and cost-effective AI solutions that can meet operational and regulatory demands. AI has evolved rapidly since fintech Arteria AI was founded in 2020, Amir Hajian, chief science officer, tells Bank Automation News in this episode of The Buzz podcast. The company provides banks with […] The post Podcast: Banks push for cost-effective, multimodal AI tools appeared first on Bank Automation News.
Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training. Bank of America spends $13billion annually on technology, of which approximately $4billion will be directed to new technology initiatives in 2025.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Wise announced plans to open a new operational hub in Hyderabad, India, and has launched a new service for Indian businesses and freelancers to receive international payments. The Hyderabad office, described as a full stack hub, is due to open in the second half of this year and will support functions including product development, engineering, and operations.
Bank payment company GoCardless has announced a partnership with Optty , a payments API platform, to help medium and large businesses in Australia to simplify their payment processes, operate more efficiently, and scale with ease. This will allow customers to collect bank payments directly within the Optty platform, without the need to build their own integration or manage multiple providers.
Over three million migrant workers living in Malaysia will now be able to remit funds to their home countries in local currencies in near real-time, following a new partnership between Instapay Technologies , the digital payment platform, and payment juggernaut, Mastercard. Rajnish Kumar, co-founder and CEO of Instapay Technologies Mastercard Move has a portfolio of money movement capabilities powering person-to-person and business payments to more than 180 countries worldwide in 150+ currencies
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Credit card processing fees can be confusing for many businesses. Understanding how to calculate your true processing rate is key to managing your costs and finding the right payments partner. At Clearly Payments, were all about transparency. Heres a straightforward way to calculate your effective credit card processing rate and what it means for your bottom line.
Despite a clear funding slowdown across global markets , Indias fintech sector continues to command significant capital, ranking as the third-highest funded fintech ecosystem globally after the United States and the United Kingdom. While the overall funding dropped from the 20212022 peaks, the sector remains resilient, with a handful of dominant players consistently attracting investor attention.
U.S. Bank today announced a new Spend Management platform to help businesses monitor, track, and control their card-based spending. A leader in business banking and payments, U.S. Bank is introducing the all-in-one spend management platform across its full portfolio of business banking credit cards to give business owners an alternative to using multiple tools.
LAS VEGAS CommerzBank is deploying gen AI within its private banking operations to make operations efficient as part of its continued digital transformation journey. Frankfurt-based CommerzBank and Google Cloud entered a strategic partnership in 2020, to aid the banks growth and transformative goals, Enis Muhaxhiri, head of the banks corporate clients innovation lab, said […] The post CommerzBank ups efficiency 66% with admin gen AI tool appeared first on Bank Automation News.
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
In fintech, speed is everything but so is visibility. Ive spent years helping fast-growth startups and established players navigate this high-stakes, high-noise industry, and among all the change, one thing stays the same: if youre not showing up, youre falling behind. In a space where challenger banks, SaaS disruptors, and embedded finance platforms are all vying for mindshare, the brands that break through are the ones that play smartest, not loudest.
Revolut Singapore has expanded its currency offerings by adding five new currency wallets to its app. Customers can now exchange and hold Chinese yuan (CNY), Vietnamese dong (VND), Moroccan dirham (MAD), Icelandic krna (ISK), and Serbian dinar (RSD). This update increases the total number of currencies available for holding and exchange within the Revolut app to 39.
Profile , a leading international financial solutions provider, has announced the implementation of its Core Banking solution, Finuevo Core , at Valletta Credit Finance Corporation Ltd, to automate and streamline payment processes, manage back-office operations and keep up with new technological advancements. The solution enables the institution to provide their existing clientele with the capability to perform credit transfers through their existing accounts with the platform.
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
As AI adoption accelerates across financial services, retail banks are leading the way in making Responsible AI a core business capability balancing innovation with compliance, trust and transparency. Responsible AI (RAI) is increasingly viewed as an ethical priority as well as a strategic advantage in product deployment and customer trust, according to a release […] The post Retail banks set new standard for responsible AI appeared first on Bank Automation News.
With national visions such as the Saudi Vision 2030 and We the UAE 2031 looking to drive the integration of environmental and social impact considerations into core business practices, PwC Middle East has revealed how sustainability is emerging as a key enabler of business excellence in its latest report. As governments and businesses across the Middle East drive forward their economic transformation agendas, PwC Middle East is exploring the role of sustainability in shaping future-ready busines
Fiserv has acquired Australia-based PayFac Pinch Payments to strengthen its digital payments offerings and expand its merchant reach across the Asia Pacific region. Pinchs cloud-based SaaS platform and PayFac expertise will help Fiserv deliver more flexible solutions for PayFacs, ISVs, BPSPs, ISOs, and enterprise clients. Terms of the deal were not disclosed.
The National Payment Corporation of Vietnam (NAPAS) has launched support for Apple Pay , allowing domestic cardholders to make contactless payments using their Apple devices. This enables users to pay in stores by holding an iPhone or Apple Watch near a compatible payment terminal, with authentication via Face ID, Touch ID, or a device passcode. Customers can also use Apple Pay for purchases in apps or on websites through their iPhone, iPad, or Mac, without the need to repeatedly enter payment o
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Paysera , a financial technology company with 20 years of market experience, has announced a strategic partnership with iPiD, a global provider of payee verification solutions. This collaboration aims to strengthen Paysera’s Know Your Payee (KYP) processes and ensure compliance with new EU regulations requiring financial institutions to verify payee details before processing transfers in euros.
Fintech Intuit is investing in AI and gen AI technology to develop streamlined solutions for financial customers. Our strategy in AI is to not just build it for a few specific use cases, Ashok Srivastava, chief data officer at Intuit, told Bank Automation News. It is to make AI pervasive across the company, and weve […] The post Intuit teams with Google to deploy AI for tax filing appeared first on Bank Automation News.
Following a fundamental shift in how young adults and Gen Z students want to pay, colleges need to adapt rapidly to ensure they don’t miss out on revenue, according to a new report from payments specialist Access PaySuite. From a survey of 500 Gen Z consumers (aged 16 to 24) across the UK, Access PaySuite found that 39 per cent of respondents favour digital wallets, while a third say they rarely carry cash.
Welcome to the Fintech Review guide , our definitive source for everything fintech. Over the years, weve covered a broad range of fintech topics from digital banking to decentralised finance , regtech , green fintech , and more. Through interviews, opinion pieces, and sector-specific deep dives, weve helped readers understand where fintech is today and where its going.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
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