News

Investments
B2B Platform Nautical Commerce Raises $30M
June 29, 2022

Multi-vendor marketplace platform Nautical Commerce announced Wednesday (June 29) that it has raised $30 million in a Series A round led by Drive Capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
Today in TechREG: EU Lawmakers Look to Pass Online Platform Bills Next Week; Wells Fargo,...
June 29, 2022

Today in TechREG, allegations of fraud and scams against Walmart, Wells Fargo and Zelle followed very different paths. Whereas the lawsuit against the banking giant and the digital payment network was dropped, the Federal Trade Commission (FTC) sued the retailer in court. Also, EU lawmakers...

Payment Methods
Fed Prioritizes FedNow, Delays Fedwire Funds Service Changes
June 29, 2022

The Federal Reserve Board announced on Monday (June 27), the final timeline and other implementation details for the adoption of a new Fedwire Funds Service message format. The Fed has decided to delay the implementation of these changes until March 10, 2025, from the original...

Investments
Czech FinTech 4Trans Plans Expansion After $18M Fundraise
June 29, 2022

4Trans, a Czech FinTech specializing in financial productions for supply chain and transportation companies, has raised 18 million euros ($18.8 million) in new funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Walmart Adds Digital Eyeglass Fitting Company to Stable of AR Try-on Tools
June 29, 2022

After a three-year test drive in over 3,300 of its stores, Walmart said Wednesday (June 29) that it is acquiring California-based tech firm Memomi to bring its virtual optical try-on solution technology in-house. Get the Full Story Complete the form to unlock this article and...

Delivery
Just Eat Takeaway Holds Onto Grubhub as Aggregators Lose to Direct Ordering
June 29, 2022

As the third-party restaurant aggregator model continues to pose challenges from a profitability standpoint, leading players are continuing to face these challenges head-on, duking it out for consumers’ delivery spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Amazon Will Gather and Sell Physical Store Analytics Data to Brands
June 29, 2022

The world’s largest eCommerce player is looking to capitalize on its budding basket of physical stores by selling data to brands that details which products customers in its contactless locations touch, purchase, pass up and more. Get the Full Story Complete the form to unlock...

Banking
EU Neobanks Lean on Innovation, Consolidation to Bolster Growth
June 29, 2022

In the early days of Europe’s neobank revolution, the continent’s 750 million+ inhabitants provided what felt like an unlimited pool of customers for a generation of pioneering digital banks across the continent. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Shoppers Embrace H&M’s Full Prices, Driving Higher Sales
June 29, 2022

Fashion retailer H&M says it expects to raise prices in the coming year following a report that shows its shoppers don’t mind paying full price. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...