News

Investments
GetVantage Raises $36M to Grow Revenue-Based Financing Biz
June 30, 2022

Alternative revenue-based funding platform GetAdvantage raised $36 million in equity and debt led by DMI Sparkle Fund and Varanium Nexgen Fintech Fund, with Varanium’s partner Aparajit Bhandarkar joining the GetAdvantage board, according to multiple reports on Thursday (June 30). Get the Full Story Complete the...

Cross-border Payments
The Data Point: New Tech for Cross-Border Payments Rates With 64% of All FIs
June 30, 2022

Financial institutions (FIs) are rising to the challenges of business clients seeking and doing more business in overseas markets, requiring a rethink — and in many cases, an upgrade, with services like automated account validation and digital lockboxes to address security issues. Get the Full Story...

B2B Payments
Aliaswire Unveils Invoicing, Payments Offering
June 30, 2022

Payments company Aliaswire has debuted new invoicing and payments capabilities for manufacturers and distributors using its DirectBiller platform. 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...

Retail
Amazon Rebuts Alexa Eavesdropping ‘Myths’ as It Scales Device Ecosystem 
June 30, 2022

In a year that has seen Amazon blog about its voice-powered Alexa device 28 different times as part of its effort to grow its overall ecosystem of connected devices, the eCommerce giant has finally taken on the 800-pound eavesdropper in the room. Get the Full Story...

Retail
Grocers Leverage Cashier-Less Checkout as Data Opportunities Emerge
June 30, 2022

There was a time when autonomous checkout was a little-known, cutting-edge technology only being tested in small-format convenience stores. Today, a range of leading grocers around the world have been testing out the checkout method in full-format supermarkets, and many consumers are familiar with the...

IPO
FinTechs Choose ‘Traditional’ IPOs, Shun SPACs, Amid Muted Listings
June 30, 2022

Dozens of mergers scuttled. Dwindling share prices. A market that is so volatile that, frankly, it’s no surprise that special purpose acquisition companies (SPACs) have seemingly had their run and now are done. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
CFPB Warns Debt Collectors About Fees
June 30, 2022

The Consumer Financial Protection Bureau (CFPB) on Wednesday (June 29) issued an advisory opinion warning debt collectors that most “pay-to-pay” fees that they often charge violate federal law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Walgreens Plans to Double Robot Pharmacy Use
June 30, 2022

Walgreens wants to double the number of prescriptions being filled by its robot-powered micro fulfillment centers, the pharmacy chain’s chief executive said Thursday (June 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
RH Says High Mortgage Rates Killing Demand for Luxury Homes, Furniture
June 30, 2022

Hopes for a near-term turnaround in the battered home furnishing category were dashed Wednesday evening (June 29), after high-end retailer RH told investors it expects consumer demand will continue to weaken through the end of the year. Get the Full Story Complete the form to...