News

Investments
Modulr Raises $108M for Embedded Payments Expansion
May 18, 2022

Embedded payments platform Modulr has raised $108 million in a Series C round led by equity firm General Atlantic, the company announced in a Wednesday (May 18) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
TJX Adds New Sustainability Goals as Customers Return to Brick-and-Mortar Stores
May 18, 2022

Stores in the TJX Companies family are part of a growing trend of shoppers returning to brick-and-mortar stores, with its Marshalls and TJ Maxx stores leading the way in increased traffic, according to a company press release Wednesday (May 18). Get the Full Story Complete...

Retail
Container Store Cleans up With Record Sales, Plans to Double Business
May 18, 2022

As a cloud of uncertainty hangs over housing prices and rising interest rates are taking a bite out of buying power, the case for staying in place is as strong as it’s been in years. Get the Full Story Complete the form to unlock this article...

Regulation
SEC’s Gensler Asks Congress to Fund Crypto and AI Enforcement
May 18, 2022

For the last few months, Gary Gensler, chair of the Securities and Exchange Commission (SEC), has been calling for more regulation and promised to step up enforcement actions to protect investors. Yesterday, he asked Congress to help him fund these efforts. Gensler also explained the...

Security & Fraud
UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 
May 18, 2022

The U.K. Payment System Regulator (PSR) is continuing its fight against authorized push payment (APP) fraud. New rules and legislation will provide the regulator with more tools to reduce fraud and to demand compensation from banks.  Get the Full Story Complete the form to unlock...

B2B Payments
Buried B2B Payments Shortcuts Often Hiding in Plain Sight
May 18, 2022

Data can help B2B payments more fully enter the digital age. 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...

Investments
Temasek Leads $160M Series D for Thought Machine’s Expansion
May 18, 2022

Cloud banking technology startup Thought Machine closed a $160 million Series D funding round led by Temasek that gives the firm a post-money valuation of $2.7 billion, twice its value at the end of last year. Get the Full Story Complete the form to unlock...

Regulation
Crypto Regulation on Agenda of Meeting of G-7 Finance Heads
May 17, 2022

Crypto asset regulation will be a topic of talk among the Group of Seven, according to French central bank head Francois Villeroy de Galhau, Reuters reported Tuesday (May 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Warns Businesses Not to Misrepresent FDIC Insurance
May 17, 2022

The Consumer Financial Protection Bureau (CFPB) is looking out for consumers at risk of succumbing to false advertising stemming from misusing the Federal Deposit Insurance Corporation (FDIC) name or logo, a CFPB press release said Tuesday (May 17). Get the Full Story Complete the form...