News

Banking
CSI Teams With Bankers Helping Bankers to Drive Tech at Community FIs
July 26, 2022

End-to-end FinTech and RegTech solutions provider Computer Services Inc (CSI) is teaming up with Bankers Helping Bankers to help drive technology solutions at community financial institutions (FIs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Cannabis Bill Backer Sees New Hope For Passage
July 26, 2022

The main sponsor of a law that would protect banks that do business with cannabis companies from the penalties of federal regulators said there’s new hope for the bill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
LVMH Overcomes China Slowdown With First-Half Sales Surge
July 26, 2022

French luxury retailer LVMH on Tuesday (July 26) reported 21% organic sales growth in the first half of 2022, despite rising concerns about increasing inflation and slowing sales in China, according to a Tuesday (July 26) press release. Get the Full Story Complete the form...

Banking
Report: South Africa’s Biggest Banks at Risk for Money Laundering
July 26, 2022

The South African banking regulator has warned that the country’s banking industry is at risk of becoming ensnared in money laundering and terrorist financing activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

eCommerce
Alibaba Slows Global Expansion Plans as eCommerce Platform Struggles
July 26, 2022

Chinese tech giant Alibaba’s global expansion plans — and efforts to rival Amazon by adding more U.S. businesses to its eCommerce platform — are on hold as the company has struggled to meet its goals, according to a Financial Times report Tuesday (July 26). Get...

Investments
Balance Raises $56M for Online Global Trade With B2B eCommerce Checkout
July 26, 2022

B2B marketplace and eCommerce payments platform Balance announced a $56 million Series B fundraising round Tuesday (July 26), bringing the company’s total funding to $87 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
July 26, 2022

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
European PE Deals Climb 35% YoY in H1 2022, Tech Investors Hold Firm Against Headwinds
July 26, 2022

As European private equity (PE) funds adapt their strategies to the current climate of rising interest rates and a bear market, deals continue to pass the line despite a more cautious approach from investors and a longer-term exit vision. Get the Full Story Complete the...

International
EMEA Daily: Amazon to Raise Prime Subscription Price in Europe; Virgin Money Announces BNPL Credit...
July 26, 2022

Amazon to Raise Prime Subscription Price in Europe to Offset Inflation 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. By completing...