News

Retail
Retail Response to Recession Already Happening — Months Before Official Declaration
May 23, 2022

Recessions are peculiar beasts. They’re both natural and normal, yet dreaded and inevitable. 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....

Banking
Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
May 23, 2022

Despite its potential to transform the financial services sector, the rollout of the open banking scheme in the U.K. to provide secure, third-party access to financial data using application programming interfaces (APIs) has repeatedly faced criticism from industry players since it was launched in 2018....

Investments
General Atlantic to Use $2B to Rekindle Interest in Indian, Southeast Asian Startups
May 22, 2022

General Atlantic, the global private equity firm, will put $2 billion into India and Southeast Asia in the next few years after declining valuations for startups made them more appealing, Reuters reported Sunday (May 22). Get the Full Story Complete the form to unlock this...

Retail
Bidding for Kohl’s Reportedly Cools as Lenders Are Put Off by Q1 Results
May 22, 2022

The deal to sell department store Kohl’s might have hit some hurdles due to financing troubles, Seeking Alpha reported Saturday (May 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Delivery
Square, VROMO Partnership to Help Restaurants Add Delivery to Menu
May 22, 2022

Delivery software solution VROMO, which works in the restaurant sector, is partnering with payments company Square to allow more companies to utilize VROMO’s delivery and third-party fleet options, the company announced Saturday (May 21). Get the Full Story Complete the form to unlock this article...

B2B Payments
Nexi, Piteco Together Launch B2B Solution for Faster Payments
May 22, 2022

Payments tech firm Nexi will be working alongside Piteco, an Italian company that provides treasury management and financial planning solutions, to help companies add new digital pay solutions to ease supply chain problems, a press release said. Get the Full Story Complete the form to...

B2B Payments
Today in B2B: FloorFound Expands reCommerce Platform; Gaviti, Sage Partner on AR Automation
May 20, 2022

Today in B2B payments, FloorFound raises $10.5 million, while Gaviti and Sage team on accounts receivable (AR) automation. Plus, Alloy debuts its B2B software integration tool, Zhangle Global launches a cash pro management tool, and Bectran rolls out a tool to help the construction industry...

Regulation
TechREG Weekly EMEA: Top Officials Call for Crypto Regulation; EU, UK Regulators Focus on Consumer...
May 20, 2022

This week, policymakers and regulators in Europe have continued issuing warnings about cryptocurrencies as “highly speculative assets” and renewed calls for “consistent and comprehensive” crypto regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Today in Retail: Foot Locker Grows Its Profile In Athletic Footwear Sector; Amazon and Walmart...
May 20, 2022

Today in retail, North Face relies on customer loyalty and enhanced streetwear sales to boost its bottom line and Foot Locker grows its profile, while digital and experiential shopping is changing the way retailers do business. Plus, Ross Stores hasn’t benefitted from shoppers’ bargain hunting...