News

Regulation
Today in TechREG: US Supreme Court Grants Victory to Big Tech in Texas Social Media...
June 01, 2022

Today in TechREG, the U.S. Supreme court has temporarily blocked a Texas law that prohibits online platforms from suppressing user posts based on their political views. Until pending litigation on the merits of the case is resolved, social media companies can continue exercising content moderation...

International
HyperPay Raises $36.7M to Expand Payment Services to MENA Merchants
June 01, 2022

Payments FinTech HyperPay raised $36.7 million (SAR138M) to expand its payment services to merchants in the Middle East and North Africa (MENA) region. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payment Methods
TrueLayer, Thunes Team on Open Banking Payments in Europe, UK
June 01, 2022

European open banking platform TrueLayer and Singapore-based FinTech and global cross-border payments platform Thunes are teaming up to make it easier for U.K. and European consumers to make payments, according to a Wednesday (June 1) press release. Get the Full Story Complete the form to...

Investments
Slice Notches $50M to Expand UPI Product
June 01, 2022

FinTech unicorn Slice raised $50 million (Rs 388 crore) in a Series C funding round led by previous backer Tiger Global and new investor GMO Venture Partners, with participation from GMO Venture Partners, Moore Strategic Ventures and Insight Partners. Get the Full Story Complete the form to...

Security & Fraud
FTC: Financial Education Services Ran $213M Pyramid Scheme
June 01, 2022

The Federal Trade Commission (FTC) has acted against credit repair company Financial Education Services, accusing it of running a $213 million pyramid scheme, according to an agency press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Victoria’s Secret Still Growing Into Its New Identity
June 01, 2022

The shift by Victoria’s Secret away from its focus on sexy models and skimpy lingerie in favor of a more inclusive approach may be struggling to gain traction so far with shoppers, at least based on the company’s fiscal 2022 first-quarter earnings report for the...

Retail
eCommerce Refashions Middle and Last Mile, and Real Estate, Too
June 01, 2022

As retail goes, so do various sectors of the U.S. economy — demonstrating just how interconnected we really are when we buy things and have them delivered to the doorstep. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Belk, Conn’s Team up on Store-in-Store Pilot
June 01, 2022

Department store company Belk has formed a partnership with furniture retailer Conn’s that will create a store-within-a-store format in 10 to 20 Belk locations and at Belk.com and will give customers access to a suite of home appliances this summer. Get the Full Story Complete...

Retail
Poland’s High-Tech ‘Eobuwie’ Brand Takes the Shoes out of Traditional Shoe Stores
June 01, 2022

There may only be about 30 “eobuwie” (pronounced “ee-oh-Booie”) omnichannel shoe stores scattered across Poland, but the upstart brand’s new high-tech format is turning heads far beyond its borders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...