News

Retail
Consumer-Focused Investments Land Jay-Z on Forbes’ 2023 Billionaires List
April 10, 2023

Hip-hop artists Jay-Z has made it onto Forbes’ 2023 Billionaires List thanks to his savvy investments in a range of consumer-focused industries. According to Forbes, Jay-Z’s current net worth is $2.5 billion, which has more than doubled since he was named hip-hop’s first billionaire back...

Retail
TikTok Ban Threat Scares Off US Merchants
April 10, 2023

TikTok is reportedly having trouble attracting American merchants to its online shopping service. A report Monday by The Information says U.S. merchants are both more interested in expanding their brick-and-mortar operations and concerned that the government could ban TikTok, and with it, the platform’s burgeoning TikTok Shop feature....

Retail
Landing International and ClearForMe Streamline ‘Clean’ Beauty Product Procurement
April 10, 2023

Landing International and ClearForMe have partnered to help brands educate the retail beauty advisors who sell their products. By integrating Landing International’s online marketplace and ClearForMe’s database of ingredients, their combined offering will enable beauty advisors to more easily discover products with specific ingredients and...

Retail
ReserveBar Plots Online ‘Destination’ for Alcohol Sales
April 10, 2023

eCommerce platform ReserveBar has teamed with the Distilled Spirits Council of the United States (DISCUS). The partnership, announced in a Monday (April 10) press release, will let consumers who take part in Destination Distillery, a DISCUS tourism initiative, shop for their favorite brands of alcohol...

Investments
SVB Collapse Creates Question Mark for Venture Debt
April 10, 2023

What does the downfall of Silicon Valley Bank mean for the venture debt sector? It’s a question asked by a Monday (April 10) report in The Wall Street Journal (WSJ) report, which noted that SVB had helped pioneer the crucial-for-startups venture debt field. When the...

Retail
PC Shipments Suffer ‘Precipitous Drop’ in Q1
April 10, 2023

Shipments of personal computers fell earlier this year amid the economic downturn. That’s according to a report issued Sunday (April 9) by market research firm IDC, which found that worldwide personal computer (PC) shipments fell 29% year over year during the first three months of...

Payments Innovation
An Industry Insider on Why Once B2B Goes Digital, It Won’t Go Back
April 10, 2023

With businesses looking for ways to reduce costs and increase growth, legacy B2B payment systems are rapidly giving way to digital platforms that can accelerate transactions, improve cash flow and streamline compliance, says Mangopay’s Luke Trayfoot.

Payment Methods
Payments Execs Say Q1 ’23 Forced a New Kind of Reality Check
April 10, 2023

While some dark first-quarter 2023 recessionary imaginings came to pass — witness the tech job cuts and the collapse of important financial institutions — so far, 2023 isn’t the apocalypse many expected. Rather, it’s become a time to turn introspection into innovation and action. PYMNTS...

Payment Methods
Fed Says FedNow Early Adopters Pave Path to Instant Payments
April 10, 2023

Three months until the U.S. payments ecosystem changes forever. In July, the long-awaited FedNow service launches, and its real-time rail will speed up money movement between accounts, transform bill payments and bring instant payments to a variety of use cases yet to be imagined. As...