News

Banking
TD Bank Puts Aside $2.6 Billion for Money Laundering Investigation
August 22, 2024

Lapses in its anti-money laundering (AML) program continue to cost Toronto-Dominion Bank (TD Bank). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Retail
Walmart+ Courts Fast-Food Diners With Burger King Partnership
August 22, 2024

Walmart has teamed with Burger King in its latest effort to boost its subscription program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Retail
Playing for Keeps: Hasbro’s New SVP Tackles Digital-First Future in Toy Industry
August 22, 2024

The toy business isn’t exactly fun and games these days. Amazon and Walmart have compressed the retail picture. The direct-to-consumer (D2C) business is suffering through post-pandemic growing pains and the kids want to play video games on Xbox or PlayStation. Get the Full Story Complete...

Retail
40% of Consumers Paid Full Price During Amazon Prime Day, Walmart+ Week
August 22, 2024

As summer sales events like Amazon Prime Day and Walmart+ Week annually draw significant consumer attention, a recent PYMNTS Intelligence report examines key insights into shopper behavior and sales trends. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Report: Hackers Seized McDonald’s Instagram Account for ‘Rug Pull’ Scam
August 21, 2024

McDonald’s reportedly suffered a hack of its Instagram account Wednesday (Aug. 21), with the hackers claiming they used the fast-food giant’s account to promote a fake cryptocurrency that they dubbed “GRIMACE” and pocket $700,000 from the scam. Get the Full Story Complete the form to...

Investments
Efficient Capital Labs Raises $11 Million for Revenue-Based Financing
August 21, 2024

Efficient Capital Labs (ECL) has raised $11 million in Series A funding to expand its cross-border revenue-based financing offering for B2B software-as-a-service (SaaS) companies operating in the South Asia-U.S. corridor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payment Methods
Stan Chooses Stripe to Power Online Payments and Subscription Billing
August 21, 2024

Australian streaming service Stan has chosen financial infrastructure platform Stripe to power its online payments and subscription billing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

B2B Payments
Cumula 3 and Paystand Partner on B2B Payment Solutions
August 21, 2024

Cumula 3 and Paystand have partnered to offer NetSuite users a way to leverage simplified transactions, zero transaction fees and improved cash flow management. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Riley ‘Baby Bond’ Investors Take Action Amid Heavy Losses
August 21, 2024

Investment firm B. Riley is reportedly being scrutinized after recently warning of its biggest-ever quarterly loss. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...