News

Regulation
Report: NYDFS Investigating Stablecoin Issuer Paxos Trust
February 10, 2023

Paxos Trust is reportedly being investigated by the New York State Department of Financial Services (NYDFS). 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...

Investments
Employee Wellness Platform Spectrum.Life Raises $5.3M
February 10, 2023

Employee wellness startup Spectrum.Life has secured 5 million euros (about $5.34 million) in fresh funding. 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,...

Ridesharing
Lyft Stock Decline Draws Sharp Contrast to Uber’s Broader Platform Strategy
February 10, 2023

The Uber versus Lyft battle illuminates a stark reality as the pandemic recedes: 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....

Retail
Amazon, Walmart Square Off Over Rise in Curbside and In-Store Pickup
February 10, 2023

Evolving online search tools and a growing consumer shift toward faster pickup options are raising the digital stakes between Amazon and Walmart. Whether it’s curbside or in-store, the 2-day delivery model is clearly facing increased pressure. Get the Full Story Complete the form to unlock...

Retail
Newell Brands to Transition to New CEO Amid Restructuring
February 10, 2023

Newell Brands will transition to a new CEO soon after announcing a restructuring and layoffs. 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,...

Biometrics
Carrefour Rolls Out Facial Biometric Payment in UAE
February 10, 2023

Carrefour has enabled facial recognition as a means of verifying payments in the UAE. 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...

Retail
Adidas Could Lose $1.3B in 2023 From Unsold Yeezy Inventory
February 10, 2023

Adidas’ breakup with Ye could lead to a revenue loss of 1.2 billion euros (about $1.3 billion) in 2023. 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...

IPO
Affirm, Lending Platforms Lead FinTech IPO Index 8% Lower 
February 09, 2023

The lenders and platforms led the FinTech IPO Index down in a week, which logged an 8% 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...

Loyalty & Rewards
UK Grocers Reimagine Loyalty Programs to Keep Customers Engaged
February 09, 2023

To attract customers, U.K. supermarkets compete to offer the best loyalty scheme. And British shoppers sure do love their loyalty rewards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...