News

Retail
Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
May 17, 2024

Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard not to lose their lower-income customers in the process. Get the Full Story Complete the form to unlock this article...

Fintech Investments
FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead Platforms Higher
May 17, 2024

Call it the week of the platform. 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 completing this form, you agree...

B2B Payments
Avidbank Taps CorServ to Launch New Commercial Credit Card Program
May 16, 2024

California-based Avidbank has tapped CorServ to help launch a new credit card program for the bank’s commercial customers. 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,...

B2B Payments
This Week in B2B Innovation: Globalization, Digitization and Better Payments 
May 16, 2024

The B2B landscape is built atop a foundation of innovation designed to meet business needs. 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,...

Investments
Aeropay Raises $20 Million for Pay-by-Bank Offering
May 16, 2024

Digital payments company Aeropay has raised $20 million in new financing. 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 completing this form,...

CFPB
Supreme Court Ruling on CFPB Paves Path for Open Banking
May 16, 2024

Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of history. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Dwolla and Visa Partner on Account Verification for Pay-by-Bank
May 16, 2024

Dwolla and Visa have partnered to make it easier for mid- to enterprise-size businesses to use pay-by-bank to pay and get paid. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Yendo Raises $165 Million for ‘Vehicle-Secured’ Credit Card
May 16, 2024

Yendo, a FinTech offering a credit card tied to users’ car equity, is $165 million richer. 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...

Regulation
Lawmakers Urge Regulators to Make Financial Data More Accessible
May 16, 2024

Members of Congress from both houses and both parties sent a letter Tuesday (May 14) to the heads of eight federal financial regulatory agencies, urging them to implement the Financial Data Transparency Act (FDTA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...