News

Payment Methods
Payroll Demands Could Boost Business Case for Real-Time Payments
June 09, 2022

We’re moving towards the day when all payments – corporate payments especially – will be done instantly. 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...

Digital Banking
Western Union Partners With Mambu for European Digital Banking
June 09, 2022

Cloud banking platform Mambu and global money transfer giant Western Union are collaborating to deliver digital banking products to Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Request Finance Growing Despite ‘Crypto Winter,’ Raises $5M
June 09, 2022

It might be “winter” for the cryptocurrency industry, but crypto invoicing and payroll and expenses company Request Finance landed $5.5 million in seed funding amid a period of growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Would You Buy a $13,000 Designer Dress From Amazon?
June 09, 2022

At a time when more consumers are living paycheck to paycheck and belt-tightening is putting a dent on discretionary spending, Amazon is looking to tap into the resilience of high-end consumers by expanding its 2-year-old Luxury division to the five wealthiest nations in Europe. Get...

Investments
Factris Secures €10M to Finance Invoices for European SMEs
June 09, 2022

Small business working capital startup Factris secured 10 million euros in funding from NN Investment Partners, a Goldman Sachs-owned asset manager. 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...

Retail
Return to Events, Travel, Work Boosts Sales for Tommy Bahama, Lilly Pulitzer
June 09, 2022

An increase in social events and travel and the rise of more casual workplaces spelled good news this quarter for Oxford Industries, parent company of lifestyle brands Tommy Bahama and Lilly Pulitzer. Get the Full Story Complete the form to unlock this article and enjoy...

CFPB
Upstart’s Request to End Regulatory Immunity Raises Question on CFPB’s Tool 
June 09, 2022

The Consumer Financial Protection Bureau (CFPB) on Wednesday (June 8) issued an order to terminate Upstart Network from its list of approved “no action letters” (NALs). Surprisingly, the request to terminate the NAL didn’t come from the regulator but from the company, and it may...

Retail
Five Below Is Ready to Pounce on ‘Merchandise and Real Estate Dislocations’
June 09, 2022

Sandwiched between aggressive, deep discount rivals like Dollar Tree, Dollar General and Ollie’s on one side, and increasingly cash-strapped consumers on the other, Philly-based Five Below says it is forging ahead with its “Triple-Double” growth plan that will triple its store count to 3,500 while...

Retail
Walmart Picks 1,200 Businesses in Largest-Ever ‘Open Call’
June 09, 2022

Walmart has made its selections for its Open Call, its largest sourcing event, the company announced in a Wednesday (June 8) news release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...