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NewsBriefs

This article contains excerpts from news stories recently posted under from Thanksgiving Day through Cyber Monday, which
Breaking Industry News on our homepage. For links to these and other was 17 million more shoppers than the same period in
full news stories, please visit www.greensheet.com/breakingnews.php. 2021, according to an NRF survey conducted by Prosper
Insights & Analytics. Matthew Shay, NRF president and
CEO, described the holiday shopping period, which
typically begins Nov. 1, and runs through Dec. 31, as a
treasured American tradition.

"As inflationary pressures persist, consumers have
responded by stretching their dollars in any way possible,"
he said. "Retailers have responded accordingly, offering
shoppers a season of buying convenience, matching sales
and promotions across online and in-store channels to
accommodate their customers at each interaction." Shay
also cited an earlier survey of 3,326 adult consumers that
found respondents planning to begin holiday shopping
Enfuce scales SaaS-based card issuance well in advance of the traditional season.
Layoffs spell layups for unattended market
Finland-based Enfuce, a card-issuing and payment
processing platform, added Icelandic telco Siminn to its Big tech firms are laying off employees in unprecedented
growing list of global partners. The partnership will make numbers while doubling down on unattended technology
Siminn the first Icelandic non-financial institution to issue investments, according to recent reports. This has raised
its own revolving credit card via the Siminn Pay mobile speculation among retail analysts of a permanent shift to
app, representatives from both companies stated. Denise self-attended retail and hospitality environments. Allen
Johansson, co-CEO and co-founder at Enfuce, noted Kopelman, CEO and co-founder of Nationwide Payment
the Siminn and Enfuce partnership will facilitate easy, Systems, reviewed the list of companies that are laying off
personalized payments. people and said it reads like a "Who's Who" of technology
leaders.
"By combining our strengths, we ensure that flexible,
loyalty-based card payments become a natural part of "Meta, Twitter, Uber, DoorDash, Stripe, Coinbase, FTX,
[consumers'] everyday lives," she said. "We look forward Netflix, Klarna, Shopify, Tesla, Lyft, Carvana, PayPal,
to helping Siminn Pay accelerate its fintech offering Microsoft, and more," he said. He also noted the stock
by continuously ensuring top-notch scalability, user prices of these companies have plunged along with other
experience and security." companies that were affiliated with FTX, representing
FinTech Connect tackles political, economic issues over 140 companies and counting.

FinTech Connect 2022 held at London's ExCel Centre, ETA opens 2023 award nominations
brought together over 120 speakers and 3,000 attendees for The Electronic Transactions Association, standard bearer
its ninth annual conference, event organizers stated. The for the increasingly diverse global commerce value chain,
two-day event mixed networking, keynote addresses and issued its annual call for award nominations. Designed
a startup competition to celebrate the fintech sector and to honor leaders, disruptors and exceptional individuals
its positive impact on the global economy. Before the event whose commitment and dedication are moving the
Laurence Coldicott, senior content director of Fintech industry forward, the 2023 awards will recognize
Connect 2022, stated he looked forward to participating contributions by individuals and enterprises, stated Jodie
in a live conference once again after two years of virtual Kelley, CEO of ETA. "ETA's annual awards recognize
events. exceptional leaders in the payments space," she said.

"We're thrilled to host the FINTECH Circle Pitching "The ETA awards—from Young Professionals to Top ISVs—
Event, which promises to be a hugely enthralling pitching also demonstrate the breadth and depth of our industry."
competition between some of the industry's stand- In keeping with the constantly evolving payments space,
out entrants," he said, adding contestants will answer the ETA added new categories to its annual awards, Kelley
questions from angel investors in front of a live audience. noted. The payments industry's products and services

2022 holiday spend exceeds expectations expand the digital economy, she added, providing
consumers with innovative, cost-effective and secure
The National Retail Federation reported a record-breaking ways to hold, send, receive and spend money."
196.7 million Americans shopped in stores and online

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