News

Retail
Manolo Blahnik Can Sell Shoes in China After 22-Year Court Battle
July 19, 2022

British shoe designer Manolo Blahnik can sell its goods in China for the first time, after the country’s highest court canceled a trademark that had been owned by businessman Fang Yuzhou for more than 20 years. Get the Full Story Complete the form to unlock...

Regulation
Didi’s Fines Could Top $1B for Data Security Breaches in China
July 19, 2022

Ride-hailing and food delivery platform Didi could be hit with fines exceeding $1 billion following a probe by Chinese regulators that lasted over a year and forced the company to stop adding new users. Get the Full Story Complete the form to unlock this article...

Retail
Made.com Lowers Guidance for Second Time This Year as Big-Ticket Sales Stall
July 19, 2022

Home furnishings retailer Made.com on Tuesday (July 19) forecast a decline of 15% to 30% in gross sales this year, sending its stock price plummeting and signaling the era of big-ticket furniture purchases is over while a likely economic recession looms. Get the Full Story...

Banking
PYMNTS Intelligence: SMBs Turn Toward Banks Offering Digital Solutions
July 19, 2022

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 this form, you agree to receive marketing communications from PYMNTS and...

Regulation
EU Plans Instant Payment Regulation in 2022, US Eyes FedNow for 2023
July 19, 2022

Real-time payments (RTP), account-to-account (A2A) payments and instant payments all refer to the ability to process payments in seconds. This is one of the next frontiers in retail payments in most countries around the world. It is already a reality in countries like the U.S.,...

B2B Payments
Voice of the CFO: A Startup’s CFO’s View on Future-Proofing Business
July 19, 2022

As Franco-American MedTech firm TISSIUM is preparing its platform for the commercial stage, it has already had an enterprise resource planning (ERP) system in place for three years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
FBI Warns Fake Crypto Apps Robbed Investors of Millions
July 19, 2022

The FBI is warning investors and financial institutions (FIs) that fraudulent cryptocurrency apps tricked 244 victims out of $42.7 million between October 2021 and May 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
Inflation Isn’t Hurting the Payments Sector — Yet — Says Payroc CEO
July 19, 2022

We all thought (or at least hoped) that 2022 would be a very different kind of year, but we’re leaping from one crisis to the next with no relief in sight. Some are going as far as calling it “the year of catastrophe.” Others think...

Delivery
Instacart Investor Slashes Grocery Deliverer’s Valuation to $14.7B
July 18, 2022

Capital Group, an Instacart investor, has slashed the delivery firm’s valuation back to $14.7 billion, a big drop from Instacart’s own calculation of $24 billion, Bloomberg reported Monday (July 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...