News

Retail
TikTok Troubles Put Focus on Livestream Shopping’s Environmental, Data Impact
July 06, 2022

Though it’s early in the “what happened” analysis phase, the collapse of livestream shopping on TikTok in Western markets says a lot about how consumers want to shop on their devices, and feelings on a fast-fashion trend some see as out of touch with environmental...

Retail
Gap Coming to India Through Reliance Retail Partnership
July 06, 2022

Indian retail giant Reliance Retail Limited is bringing American fashion brand Gap to India through a long-term franchise agreement, according to a Wednesday (July 6) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Department of Commerce Urged to Slow Roll CBDCs and Clarify Crypto Rules
July 06, 2022

Following President’s Biden Executive Order on crypto assets issued in March, the Department of Commerce (DOC) launched a consultation in May seeking feedback that would help it to develop a regulatory framework to support digital assets technology. However, the results from this consultation suggest that...

Investments
Finli Hopes to Grow Following $6M Seed Round
July 06, 2022

Payment management platform Finli said it’s ready to expand its team and business banking capabilities after raising $6 million in seed funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Battered eCommerce Group Gets Fresh Look as Carvana, Wayfair, Etsy, Chewy Soar
July 06, 2022

After suffering some of the sharpest market losses in the first half of the year, a basket of badly beaten dot-com stocks has suddenly become the new leaders as investors give the group a second look. Get the Full Story Complete the form to unlock...

Security & Fraud
Law Firm Probes Zelle’s Unauthorized Fraud Reimbursement Position
July 06, 2022

A San Francisco law firm says it is investigating the fraud reimbursement practices of a number of major American banks that use the Zelle peer-to-peer payment system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Benchmarking the EU’s Digital Engagement: Italy
July 06, 2022

In this latest installment of PYMNTS’ five-part series on digital engagement in the European Union, the spotlight is on Italy, one of the EU-5 countries (France, Germany, Italy, the Netherlands and Spain) surveyed in the “Benchmarking The World’s Digital Transformation” report. Get the Full Story...

News
PYMNTS AM Radar: Grubhub Prime Perk; Chapter 11; Bring on on the Fun; Mobility Without...
July 06, 2022

Today is Wednesday (July 6) and gas prices have fallen for 21 consecutive days, with the national average today at $4.78, according to AAA. The Institute for Supply Management releases its non-manufacturing PMI for June this morning. This gauge of services sector activity is forecast to drop again...

B2B Payments
Finance and Engineering Teams Use Tech to Close Their Communications Gap
July 06, 2022

To streamline the movement of money, back-office decision making needs to be automated. 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....