News

CFPB
CFPB Sues Horizon Card Services, Alleging ‘Baiting and Gouging’ Consumers
September 13, 2024

The Consumer Financial Protection Bureau (CFPB) sued Horizon Card Services and its CEO Robert Kane Friday (Sept. 13). 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...

Retail
Starbucks Looks to Its Roots for a Brand Refresh
September 13, 2024

In recent months, Starbucks has grappled with operational and financial challenges, compounding its struggle to maintain market dominance. 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...

Investments
World Labs Raises $230 Million to Build Spatially Intelligent AI
September 13, 2024

World Labs, a newly formed company, said Friday (Sept. 13) that it has raised $230 million to build large world models (LWMs) that “perceive, generate and interact with the 3D world.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Nirvana Raises $24.2 Million to Expand Health Insurance Verification Platform
September 13, 2024

Nirvana has raised $24.2 million in a Series A funding round to add more specialties to its platform that provides insurance verification and cost estimates to both healthcare providers and their patients. Get the Full Story Complete the form to unlock this article and enjoy...

Cross-border Payments
Report: Revolut Looks to Expand Digital Banking License Effort to Middle East
September 13, 2024

Revolut is reportedly looking to expand its business into Gulf Cooperation Council (GCC)-member countries. 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....

B2B Payments
OCR’s Key Role in Scaling Paperless Invoicing and AP/AR Automation
September 13, 2024

Digital transformation isn’t as easy, or simple, as turning a switch that’s “off,” “on.” 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...

eCommerce
White House Proposes New Trade Rules to Counter Chinese eCommerce Companies
September 13, 2024

The Biden administration said Friday (Sept. 13) that it plans to change trade rules that it said have been abused by China-founded eCommerce platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Mastercard Enhances Real-Time Threat Visibility With Recorded Future Purchase
September 13, 2024

Looking to expand security and threat intelligence beyond a completed transaction, Mastercard on Thursday (Sept. 12) announced it is acquiring Recorded Future for $2.7 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Walmart Hopes In-Person Advantage Can Shrink Amazon’s Fashion Lead
September 13, 2024

As Amazon outstrips Walmart in clothing sales, the latter is using its brick-and-mortar expertise in an attempt to close the gap. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...