News

Regulation
Weekly TechREG: US, UK Lawmakers Move Stablecoin Bills; CFPB Could Force Banks to Reimburse Scam,...
July 22, 2022

This week, the U.K. government introduced the Financial Services and Markets Bill, which would amend banking regulations to include stablecoins as a new payment method. The bill will also pave the way for the Treasury to issue new crypto rules. In the U.S., lawmakers are...

Retail
a.k.a. Brands Reports Slow Growth, Missed Sales Targets
July 22, 2022

Despite seeing revenue growth in its most recent quarter, brand accelerator a.k.a. Brands said Thursday in a press release that it missed its net sales target amid slowing sales growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

eCommerce
Online Shopping Slowdown Could Lead to Glut of Warehouses
July 22, 2022

The surge in eCommerce fueled by the pandemic is now slowing down as more people return to shopping in stores, a shift that could affect the amount of warehouse space needed as retailers and marketplaces expanded to meet demand. Get the Full Story Complete the...

Retail
Mattel Reports $1.2B in Sales, Surpassing Q1 Record
July 22, 2022

After a record $1 billion in net sales during this year’s first quarter, Mattel topped itself in the second quarter with sales of $1.2 billion, the toymaker said Thursday (July 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
July 22, 2022

The Consumer Financial Protection Bureau (CFPB) should use its authority under Regulation E and the Electronic Fund Transfer Act (EFTA) to protect consumers from payment scams on peer-to-peer (P2P) services like Zelle, according to a letter sent to the agency by six U.S. Senators, all...

B2B Payments
Digital Payments Keep Suppliers Happy, Give Main Street Businesses Cash Flow Flexibility
July 22, 2022

More choice, more flexibility — and the Main Street economy can thrive. 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...

Financial Inclusion
FinTechs Resolve Banking Barriers, Empower Egypt’s Unbanked With Mobile Technology
July 21, 2022

Until recently, it could take up to three days to transfer funds between accounts in Egypt, but the introduction of instant banking payments has completely changed the country’s payments landscape, Frans van Eersel, the CEO of Middle East and North Africa (MENA)-focused FinTech startup dopay,...

IPO
Surging Platform Stocks Lead FinTech IPO Group’s 8% Bounce
July 21, 2022

Earnings season is upon us, and the deluge for the FinTech IPO Index has yet to swell and break. 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...

B2B Payments
FinTech Intellect Design Arena Releases ‘No Touch’ Invoicing Solution
July 21, 2022

Intellect Design Arena, a FinTech providing solutions to various financial and insurance companies, announced the launch of its new “no touch” invoice processing solution Thursday (July 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...