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Boston Startup Nift Raises $16.5M for Business Gift Cards

Bank Innovation

Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers.

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Today In Payments: Apple Seeks Punitive Damages Against Epic; Boston Telemedicine Company Amwell Prices IPO

PYMNTS

In today’s top news, Apple countersued Epic Games for punitive damages, and telemedicine company Amwell priced its initial public offering (IPO). Boston Telemedicine Company Amwell Prices IPO. But simply enabling consumers to shop online doesn't cut it when they want to pick up and inspect products at physical stores.

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Boston Market Deploys AI To Fight Fraud, Improve ROI

PYMNTS

Card network Mastercard and California-based AI and speech recognition company SoundHound have partnered to establish a voice-based, drive-thru solution for quick-service restaurants (QSRs). Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI.

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Deep Dive: Why Contactless Card-Not-Present Transactions Are Gaining New Momentum

PYMNTS

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . Safety Concerns Encourage Contactless Card Use . percent of cards in circulation at that time were capable of making such payments. percent of U.S.

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U.S. mail delays: more reasons to explore mobile and online banking

PopularBank

Costs of paying by mail vs. online and mobile banking. In many companies, frauds like phishing emails are more likely to occur than employee theft – it is more important to focus your energy on the fraud that is most likely to occur. On the other hand, mobile and online bill pay from Popular Bank is free and available 24/7.

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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors.

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Nordstrom Launches Same-Day Gift Delivery Service

PYMNTS

Nordstrom is leveraging the coronavirus-fueled appetite for digital shopping and same-day delivery by rolling out a service that will deliver through Christmas Eve in the New York City area, the company said in a press release on Friday (Dec. All stores will be open on Christmas Eve for online order pickup, the company said.