News

Banking
Bank Earnings Show Consumers’ Increased Use of Digital Channels
October 14, 2022

Earnings season has just gotten underway. 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, you agree to...

Delivery
Instacart Valuation Reportedly Reset to $13B
October 14, 2022

Same-day food delivery startup Instacart reportedly cut its internal valuation for the third time this year as it continues to advance plans for an initial public offering (IPO) amid falling prices and market volatility. Get the Full Story Complete the form to unlock this article...

Loyalty & Rewards
Amex: Perks Boost Diner Frequency
October 14, 2022

Multinational financial services company American Express held its Member Week event, which ended Friday (Oct. 14). The promotions offered $25 statement credits for purchases of $75 or more from a list of more than 200 restaurants through the company’s restaurant reservation subsidiary Resy. Get the...

B2B Payments
B2B eCommerce Firm Papmall Debuts Cross-Border Freelance Payments
October 14, 2022

B2B eCommerce platform papmall has upgraded its services to allow businesses to send cross-border payments to freelancers. 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...

B2B Payments
Today in B2B Payments: Firms Gain Funding for Business Banking, Money Movement
October 14, 2022

Today in B2B payments, NorthOne raises $67 million to expand its business banking and financial management platform, while Astra nets $10 million to deliver its faster money movement capabilities to more customers. Plus, Shoplazza and PayerMax partner to provide merchants with collection solutions. Get the...

Europe
EMEA Daily: Mediobanca Firms up BNPL Presence With 2 Acquisitions
October 14, 2022

Today in Europe, the Middle East and Africa, Italian banking group, Mediobanca announced it has made two acquisitions in the BNPL space., and the emirate of Ajman launched a new government payment portal in the metaverse. Get the Full Story Complete the form to unlock...

Retail
Kroger-Albertsons Merger Creates Pickup and Delivery Powerhouse
October 14, 2022

On Friday (Oct. 14), Kroger, the United States’ leading pure-play grocer, announced its merger with Albertsons in a $24.6 billion deal, adding the latter’s 2,273 stores to the former’s more than 2,700 stores, creating a super grocer. Get the Full Story Complete the form to...

Retail
Amazon, Walmart Focus on Groceries, Earnings After Pre-Season Sales
October 14, 2022

Last week’s brief pre-season promotional push of big-screen TVs and gadgets has instantly and unceremoniously been replaced by both retailers with a mix of Hauntingly Good Prices on costumes and candy as well as a palette of fall fashion in orange, red and gold. Get...

Retail
Are Warehouse Vacancy Rates Rising or Falling?
October 14, 2022

Just days after a report said that greatly needed warehouse construction may be slowed by municipalities concerned about traffic and pollution, another report explained the two-year boom in demand for warehouse space is showing the first signs of slowing. Get the Full Story Complete the...