News

Retail
Mattel Reports $1.2B in Sales, Surpassing Q1 Record
July 22, 2022

After a record $1 billion in net sales during this year’s first quarter, Mattel topped itself in the second quarter with sales of $1.2 billion, the toymaker said Thursday (July 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
July 22, 2022

The Consumer Financial Protection Bureau (CFPB) should use its authority under Regulation E and the Electronic Fund Transfer Act (EFTA) to protect consumers from payment scams on peer-to-peer (P2P) services like Zelle, according to a letter sent to the agency by six U.S. Senators, all...

B2B Payments
Digital Payments Keep Suppliers Happy, Give Main Street Businesses Cash Flow Flexibility
July 22, 2022

More choice, more flexibility — and the Main Street economy can thrive. 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...

Financial Inclusion
FinTechs Resolve Banking Barriers, Empower Egypt’s Unbanked With Mobile Technology
July 21, 2022

Until recently, it could take up to three days to transfer funds between accounts in Egypt, but the introduction of instant banking payments has completely changed the country’s payments landscape, Frans van Eersel, the CEO of Middle East and North Africa (MENA)-focused FinTech startup dopay,...

IPO
Surging Platform Stocks Lead FinTech IPO Group’s 8% Bounce
July 21, 2022

Earnings season is upon us, and the deluge for the FinTech IPO Index has yet to swell and break. 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...

B2B Payments
FinTech Intellect Design Arena Releases ‘No Touch’ Invoicing Solution
July 21, 2022

Intellect Design Arena, a FinTech providing solutions to various financial and insurance companies, announced the launch of its new “no touch” invoice processing solution Thursday (July 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
European VC Deal Value to Surpass €100B for Second Consecutive Year Despite Decline in Q2...
July 21, 2022

According to recent data from Pitchbook, European venture capital (VC) deal value hit €54.4 billion in the first half (H1) of 2022, with late-stage capital from international investors, larger traditional VC funds and nontraditional backers contributing 66.3% (€36.1 billion) to the total amount raised. Get...

B2B Payments
FloBiz Launches eInvoicing Service on myBillBook
July 21, 2022

Neobank FloBiz, which works to grow small- to medium-sized businesses (SMBs) in India, has rolled out a new eInvoicing service on its goods and services tax (GST) invoicing and accounting product myBillBook. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Live Shopping Platform Whatnot Raises $260M in Series D
July 21, 2022

Independent live shopping platform Whatnot announced Thursday (July 21) that it has raised $260 million in a Series D round co-led by DST Global and CapitalG. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...