News

Retail
TJX Surprised by Weakness in Demand as Inflation Crimps Spending
August 17, 2022

Off-price apparel retailer TJX said Wednesday (Aug. 17) that demand for home-related items was weaker than expected as inflation dampened consumer spending, leading to a surprise 5% drop in same-store sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
COVID Fraud Could Hit $163B, Experts Say
August 17, 2022

While 1,500 people have been charged with pandemic fraud and 450 have been convicted, investigators are still chasing down abundant leads in what could top $163 billion illegally siphoned from COVID unemployment insurance (UI) benefits alone. Get the Full Story Complete the form to unlock...

Banking
Cross River Bank on FIs’ Growing Brand Necessity of Embedded Banking
August 17, 2022

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Security & Fraud
Authorized Push Payment Fraud Is Fastest Growing Scam for One Good Reason
August 17, 2022

The financial services industry has done a good job safeguarding consumers from third-party fraud — that age-old ruse in which bad actors steal personal information, card numbers or passwords to access victims’ bank accounts. Get the Full Story Complete the form to unlock this article...

eCommerce
Are Apparel Resellers ‘Uniquely Positioned’ or Fighting an Uphill Battle?
August 16, 2022

With inflation and economic uncertainty currently causing an instinctive recoil by many consumers when it comes to splurging on non-essentials, a week’s worth of insight and commentary from several of the nation’s top apparel resellers has sparked a bit of a debate and a rethink....

Security & Fraud
SEC Charges 3 in Connection With 2017 Equifax Data Breach
August 16, 2022

Three individuals have been charged with illegally tipping and trading in the securities of Equifax before its public announcement of a big cyber intrusion and data breach from 2017, the SEC reported. Get the Full Story Complete the form to unlock this article and enjoy...

Europe
Danish FinTechs Plug Regional Firms Into Global Commercial Networks
August 16, 2022

The Nordic countries are often considered pioneers when it comes to digital innovation and payments. With some of the lowest cash usage in the world and a history of interbank collaboration of money transfers and digital infrastructure, countries like Norway have been trendsetters in everything...

Investments
FinTech Arc Nets $20M for Startup Financing
August 16, 2022

Software-as-a-service (SaaS) finance company Arc has closed a Series A round for $20 million, to go toward growth for its treasury and software products, a press release said Tuesday (Aug. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
AtoB Raises $155M in Series B to Modernize Trucking Industry
August 16, 2022

Amid a worsening shortage of truck drivers in the United States, FinTech AtoB has raised $155 million in a Series B round to modernize the U.S. transportation industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...