News

Retail
Pinterest Q2 Eclipsed By New CEO’s Plan to Monetize Mix of Social, Search and eCommerce
August 02, 2022

One month into his new role and Pinterest CEO Bill Ready was given a rousing 20% ovation from Wall Street Monday after the former PayPal and Google executive told investors he planned to unlock and monetize the ailing social media company’s unique potential. Get the...

Payments Innovation
Rising Decline Rates Increase Merchant Interest in Payments Orchestration
August 02, 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...

Cross-border Payments
As Remote Work Goes Global, Paying Workers Gets Complex
August 02, 2022

As the idea of a permanently remote workforce gains acceptance after two years of COVID-enforced telecommuting, it isn’t exactly surprising that companies that started looking for talent beyond their own offices and cities are now looking beyond their own borders. Get the Full Story Complete...

Cross-border Payments
ClickBank CFO: Localized Payments, Streamlined FX, Key to Global Expansion
August 02, 2022

At first glance, eCommerce platforms are made for the global economy. They are extensible, cross borders and rely on digital means to bring buyers and sellers together to get goods displayed, advertised and available on a worldwide stage. Get the Full Story Complete the form...

Loyalty & Rewards
Receipt Data Bridges Loyalty Gap for Savvy Retailers and Banks
August 02, 2022

A common definition of loyalty “is a strong feeling of support or allegiance.” It’s an apt description of what businesses seek to gain from investments in loyalty programs, but many miss the mark and fail to garner stronger consumer affinity — often due to a...

Banking
TD Bank Reportedly Close to $1B Deal for Investment Bank Cowen
August 01, 2022

Toronto-Dominion Bank (TD Bank) is close to a deal to buy investment bank Cowen for $1 billion, sources told The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Delivery
Inflation-Hammered Food Delivery Expected to Drag Uber’s Earnings
August 01, 2022

Uber’s food-delivery business should show strain from the historic inflation hammering the U.S. when the company posts its quarterly earnings this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
FTC Fines Opendoor $62M for ‘Misleading Claims’ About Home-Buying Service
August 01, 2022

The Federal Trade Commission on Monday (Aug. 1) fined online home buying firm Opendoor Labs $62 million, saying it must stop cheating potential home sellers by tricking them into thinking that they could make more money selling their homes to Opendoor, according to an FTC...

Security & Fraud
SEC Charges 11 at Forsage in Alleged $300M Crypto Pyramid and Ponzi Scheme
August 01, 2022

The Securities and Exchange Commission (SEC) has charged 11 people for their roles in allegedly creating and promoting fraudulent cryptocurrency pyramid and Ponzi scheme Forsage, which raised $300 million from millions of retail investors around the world, according to a Monday (Aug. 1) press release....