News

Regulation
Robinhood Crypto Unit Faces $30M Fine for AML, Cybersecurity Violations
August 02, 2022

The New York State Department of Financial Services (NYDFS) has fined the cryptocurrency trading unit of online brokerage Robinhood $30 million for alleged violations of anti-money laundering (AML) and cybersecurity regulations, The Wall Street Journal (WSJ) reported Tuesday (Aug. 2). Get the Full Story Complete...

Cross-border Payments
Amex Launches Global Pay for Cross-Border Payments
August 02, 2022

American Express has launched Global Pay, a digital solution the company said will let U.S. businesses make secure domestic and international B2B payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Savana Raises $45M to Drive Digital Capabilities for Banks, FinTechs
August 02, 2022

Savana, a financial software startup for banks and FinTechs, has raised $45 million in Series A funding round, according to a Tuesday (Aug. 2) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Simon Property Q2 Results Show Consumers, Retailers Still Love Going to the Mall
August 02, 2022

With a portfolio of more than 230 properties spread across 37 states and three continents, Indianapolis-based Simon Property Group’s purview of — and exposure to — the global retail industry is second to none. Get the Full Story Complete the form to unlock this article...

Retail
Walmart-Owned Massmart Can’t Overcome Pandemic, Inflation, Other Hurdles
August 02, 2022

Walmart-owned South African retailer Massmart is struggling to overcome ongoing restrictions and lockdowns related to the continuing spread of COVID-19 across the region, according to a Tuesday (Aug. 2) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
India Expands Compulsory eInvoicing to Plug Revenue Leaks
August 02, 2022

Businesses in India with an annual turnover of Rs 10 crore and above will be mandated to use electronic invoicing as of Oct. 1 in a move by the Central Board of Indirect Taxes and Customs (CBIC) intended to plug revenue leakages and facilitate compliance. Get the...

eCommerce
The Data Point: 34% of Connected Consumers Demand Same-Day Pickup and Delivery
August 02, 2022

At a time of nosebleed price increases and product shortages, consumers will take certainty wherever they can get it, and for over one-third that means same-day pickup and delivery. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cross Border Commerce
GiftBasketsOverseas.com on the Unique Challenges of South Korean Payments and eCommerce
August 02, 2022

For this month’s "Global Commerce Tracker®," Dmitriy Peregudov, founder of GiftBasketsOverseas.com, tells PYMNTS how third-party partnerships can help merchants tap South Korea’s booming $14 billion eCommerce ecosystem.

B2B Payments
Voice of the CFO: Inflation Keeps Companies’ Eyes Glued to Top-Line Metrics
August 02, 2022

One of the many habits broken by of the pandemic was the monthly ritual of mailing off a rent check every month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...