News

Retail
Retailers Sharpen in-House Ads to Bring Fresh Revenue, Better Brand Service
September 22, 2022

In some ways, a new ad platform launched today (Sept. 22) by alcohol eCommerce site Drizly is the retail industry equivalent of a dating service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Lithuanian Watchdog Launches Probe Into Revolut Data Breach
September 22, 2022

Digital bank Revolut is being investigated by a regulator in Lithuania following a data breach earlier this month that exposed sensitive information on 50,150 customers, including those in the European Economic Area (EEA). Get the Full Story Complete the form to unlock this article and...

Retail
Target to Launch Early Holiday Deals, Hire 100K Workers
September 22, 2022

The holiday shopping season is starting Oct. 6-8 at Target, as one of the largest retail chains in the United States launches a Deals Day event with thousands of select items discounted for that window of time only. Get the Full Story Complete the form...

Retail
Kohl’s Should Replace CEO, Board Chair, Ancora Says
September 22, 2022

After helping oust several Kohl’s board members last year, hedge fund Ancora Holdings is now calling on the retailer’s CEO and board chairman to step down from running the country’s largest department store. Get the Full Story Complete the form to unlock this article and...

Investments
Sam Bankman-Fried’s FTX Asking Backers for Up To $1B at $32B Valuation
September 22, 2022

Sam Bankman-Fried is reportedly in talks with investors to follow up a January funding round with a bigger infusion of capital for his cryptocurrency conglomerate FTX. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Faster Payments
Why Gaming May Be Ace in the Hole for Instant Payments
September 22, 2022

It’s a paradox, to say the least. 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...

Faster Payments
As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
September 22, 2022

Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Digital Banking
EMEA FinTech NORD.Investments, Mastercard Team on Open Banking Payments
September 21, 2022

Mastercard company Aiia is collaborating with NORD.Investments to allow more open banking payments in Denmark’s largest independent digital investment advisor platform, a press release from Mastercard said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
HSBC Ventures Pours $35M Into Mobile Money App Monese for Expansion
September 21, 2022

Monese has announced a $35 million investment from HSBC, which now sees Monese’s total raised to $208 million, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...