News

Retail
High Fashion’s Digital Transformation Taking More Measured, Experimental Approach
April 27, 2022

Luxury is tactile, flooding the senses with feel, fit, look and other qualities not well conveyed by eCommerce. Be that as it may, luxury brands are making a digital transformation alternately in big moves and baby steps as upscale retail reinvents itself for new digital...

Investments
British Lender Outfund Launches $627M Investment Fund
April 27, 2022

British revenue-based financing (RBF) company Outfund plans to invest £500 million ($627 million) of lending to over 5,000 businesses in the next 12 months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
As Ad Biz Slows, Alphabet Looks to Google Pay and Shorts for Additional Revenue Tailwinds
April 27, 2022

Wall Street’s favorite parlor game might be termed “over/under.” 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 this form,...

Investments
Checkout Startup Volume Notches $2.4M
April 27, 2022

Volume, which calls itself a “transparent checkout startup,” announced it has raised a pre-seed capital fundraising round of $2.4 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Senator Questions CFPB Director Chopra About Zelle’s Fraud Allegations
April 27, 2022

U.S. Sens. Bob Menendez and Elizabeth Warren sent a letter (Tuesday) April 26 to Zelle’s parent company, Early Warning Services, asking questions about the rise of fraud and scams on its peer-to-peer (P2P) money transfer platform and the alleged failure by Zelle and the big...

Retail
Mattel Considering Sale After Corporate Turnaround
April 27, 2022

In the wake of completing its corporate turnaround earlier this year, toymaker Mattel has been discussing a potential sale with private equity firms, including Apollo Global Management and L Catterton, people familiar with the situation told The Wall Street Journal Wednesday (April 27). Get the...

Retail
PYMNTS AM Radar: Discount Driver; Mental Health Reboot; Fraud Fighting Central; Storage Wars; Lease-to-Own Lifeline
April 27, 2022

Today is Wednesday, April 27 and while gas prices have leveled off, the national average is still over $4 per gallon of regular. Walmart+ members, however, get 10 cents off per gallon at 14,000 Exxon Mobile across the country. Here’s what else should be on...

CFPB
CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
April 27, 2022

The testimony of Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), before the Senate Banking Committee on April 26 offered important insights into the next moves to be expected from the regulator. Get the Full Story Complete the form to unlock this article...

Retail
Lease-to-Own Plans a Boon to Merchants and a Lifeline to Strapped Consumers
April 27, 2022

There’s a huge difference between the big-ticket items we’d like to have (Teslas) and the items we need to have. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....