News

Banking
Arab Bank Launches Products for Doctors
August 29, 2022

The multinational Arab Bank has launched a banking package in Bahrain tailored to doctors’ banking requirements. The new package — “Tabeeb Plus” — will provide medical professionals a personalized banking experience and preferential banking benefits, according to an emailed release Tuesday (Aug. 30). Get the...

Faster Payments
Federal Reserve Eyes Summer ’23 Launch for FedNow
August 29, 2022

The Federal Reserve is readying its FedNow payments system for launch next year, a move supporters say will make near-instant payments widely available. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Delivery
Nigeria: Hotbed for Growing Q-Commerce Market in Africa
August 29, 2022

This month saw the launch of Jumia Food Mart in Nigeria, signaling the pan-African eCommerce giant’s first move into the quick-commerce space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Fashion Wholesalers Try on Digital Payments, Virtual Trade Shows
August 29, 2022

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 to receive marketing communications from PYMNTS and...

Investments
RentSpree Secures $17.3M to Expand Rental Management Tools
August 29, 2022

End-to-end rental management software startup RentSpree has raised $17.3 million in a Series B funding round it will use to expand its product offerings for both renters and agents while also seeking to further develop strategic partnerships. Get the Full Story Complete the form to...

Retail
Data Shows Consumers Want More Than Low Prices From Retailers
August 29, 2022

Whether it’s Walmart, Target, Kohl’s, Macy’s, Gap or any of several dozen other large retailers that have updated investors over the past few weeks, the one universal reality is that inventory levels are up and prices are coming down as a way to rectify that...

Loyalty & Rewards
As Prices Rise, Restaurants Reevaluate Free Food Loyalty Incentives
August 29, 2022

Amid ongoing food price inflation, many restaurants are finding that their loyalty programs are their best tool to combat trade-down to grocery, enabling them to incentivize visits and maintain continuous communication with their fans. Yet, some brands are noticing that these loyalty programs can be...

Retail
Cart.Com Expands Fulfillment Operations to 95% of US
August 29, 2022

eCommerce company Cart.com has expanded its fulfillment centers in Memphis, Columbus, Salt Lake City and North Texas. 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...

Investments
Olio Raises $13M to Grow Platform for Post-Acute Healthcare Ecosystem
August 29, 2022

Olio Health has raised $13 million in a Series A investment round to grow its workflow and collaboration platform for the post-acute care (PAC) ecosystem. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...