News

B2B Payments
Digital Payments Strengthen Collaborative Ties Between Trading Partners
May 04, 2022

As companies look to improve their cash flows, streamline their accounts receivable (AR) and accounts payable (AP) and strengthen collaborations with trading partners, the lure of paper checks has diminished severely. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Faster Payments
Citi Debuts SEPA Instant Payments in Europe
May 04, 2022

Citi unveiled Single Euro Payments Area (SEPA) Instant Payments in Europe, the latest of its instant payments offerings, according to a company press release on Wednesday (May 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
Germany Announces New Curbs on Meta’s Power
May 04, 2022

Germany’s Federal Cartel Office said Wednesday (May 4) it plans to impose tougher regulations on Facebook owner Meta Platforms. 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...

Security & Fraud
Stripe Offers Businesses Customer-Account Verification Tools
May 04, 2022

Stripe, the financial infrastructure platform, will help businesses set up direct connections with customers’ bank accounts, a press release says, letting them set up various financial processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Cloud Infrastructure Startup Teleport Valued at $1B
May 04, 2022

Cloud infrastructure access platform Teleport has raised $100 million in a Series C round, funding that values the company at $1.1 billion, according to a Tuesday (May 3) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
CVS Leans on Tech, Robotics to Drive Post-COVID Efficiencies as Store Count Declines
May 04, 2022

With its lucrative COVID vaccine and testing franchise on the decline, the nation’s largest pharmacy retailer said Wednesday (May 4) that it was looking for ways to deploy new tech to help streamline connectivity with customers while also helping to boost sales and profitability. Get...

Retail
Kohl’s Advisory Firm Urges Shareholders to Keep Current Board of Directors
May 04, 2022

Kohl’s shareholders should vote to retain all 13 of the company’s nominees for director at next week’s annual shareholder meeting May 11, proxy advisory firm Glass Lewis said in a company press release Tuesday (May 3). Get the Full Story Complete the form to unlock...

eCommerce
Sluggish Sales Prompt Alibaba to Go After Thrifty Shoppers
May 04, 2022

Chinese technology firm Alibaba Group is trying to regroup and regain its financial footing by focusing its eCommerce efforts on its Taobao Deals app, which reaches an estimated 930 million people in third-tier cities, the Financial Times reported on Wednesday (May 4). Get the Full...

Payment Methods
PYMNTS AM Radar: FCA Strike; Gaming Payments; Spending Crypto; ICYMI
May 04, 2022

Today is Wednesday, May 4 — May the 4th be with you. That reference from Star Wars dates to 1978 and became a worldwide cultural phenomenon. Fast forward 44 years and Star Wars has a firm footing in the metaverse with the $180 trillion gaming...