News

Payments Innovation
This Week in Payments: Inflation Drives Shift in Customer Mix for Restaurants as Consumers Trade...
July 01, 2022

Efforts to save money were prominent in the news this week, with reports that consumers are trading down from restaurants to groceries and news that Amazon has extended its Prime benefit to Amazon Fresh stores.  Get the Full Story Complete the form to unlock this...

Banking
Banks Leap From Legacy Core Systems to Innovation, Real-Time Capability
July 01, 2022

In the world of open banking and open finance, core banking systems are no longer just a concern for the world’s biggest banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Stake Raises $12M to Offer Renters Cash Back and No-Fee Bank Service
June 30, 2022

Stake, which provides cash back and banking services for renters, has completed a Series A funding round and come away with $12 million, according to a Thursday (June 30) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
Short Video App Triller Sails Against Wind, Files for IPO
June 30, 2022

Short video app Triller has filed for an initial public offering (IPO), Reuters reported Thursday (June 30). 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...

Investments
South African FinTech Sava Raises $2M in Pre-Seed Funding
June 30, 2022

South African FinTech Sava has raised pre-seed funding worth $2 million, which will go towards the company’s business-to-business (B2B) spending and budgeting solution, a report from Techbuild.africa said Thursday (June 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Delivery
As eCommerce Slows, FedEx Says It Will Rely on Efficiency
June 30, 2022

Top FedEx executives have laid out plans for helping the company recover over the next few years from the post-pandemic decline in online commerce, The Wall Street Journal (WSJ) reported Wednesday (June 28). Get the Full Story Complete the form to unlock this article and...

Retail
Grocery Roundup: Retailers Tap Contextual Commerce; Kroger Expands Private Label
June 30, 2022

As food-at-home prices skyrocket and retailers absorb some of these rising prices in an effort to avoid losing shopper loyalty, many are seeking other ways to boost their profit margins. Some, for instance, are expanding their marketing opportunities for brands, offering higher-value in-store and online...

Investments
As Tech Stocks Fall, Startups Find VCs Setting Much Stricter Terms
June 30, 2022

With the economic climate turning chilly and tech stocks tumbling, venture capitalists have begun presenting starts with much tougher terms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Mid-Market US Firms Use Real-Time Payments Only 4% of the Time
June 30, 2022

Real-time payment usage varies drastically among firms of different sizes, according to “Accelerating the Time to Realized Revenue,” a PYMNTS and Mastercard collaboration based on a survey of 400 corporate executives. Get the Full Story Complete the form to unlock this article and enjoy unlimited...