News

Fintech Investments
FinTech IPO Index Gains 2.5% Amid SoFi Earnings and DeFi Development’s Private Placement
May 02, 2025

Earnings season is not yet in full swing for the FinTech IPO Index, which gained 2.5% through the week. 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...

eCommerce
‘Saks on Amazon’ Storefront Combines Curated Shopping and Fast Delivery
May 01, 2025

The new Saks on Amazon storefront offers the curated shopping experience and luxury fashion and beauty items associated with Saks Fifth Avenue together with the convenience and fast shipping offered by Amazon, Amazon said in a Thursday (May 1) blog post. Get the Full Story...

Retail
Kohl’s Fires CEO Ashley Buchanan Over Personal Relationship With Company Vendor
May 01, 2025

Ashley Buchanan’s tenure as CEO of department store chain Kohl’s was short-lived. 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...

Faster Payments
FIS Debuts Money Movement Hub to Ease Payment Friction
May 01, 2025

FIS debuted a tool to help financial institutions link to payment networks and process payments in one place. 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...

B2B Payments
Modern Treasury Debuts AI Platform for B2B Payments
May 01, 2025

Modern Treasury has introduced what it calls the first artificial intelligence (AI) platform purpose-built for enterprise payments. 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
This Week in B2B: Rewiring Legacy Payment Rails With Stablecoins and Automation
May 01, 2025

Sleek tech is turbocharging the B2B space. And slow wires and clunky payment systems going the way of the fax machine couldn’t be happening at a better time for businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fintech Investments
VC Funding for Retail FinTech Market Drops 38% Amid Tariff Concerns
May 01, 2025

Venture capital (VC) funding for the retail FinTech market dropped 37.8% in the first quarter compared to the previous quarter, PitchBook said in a report released Thursday (May 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Poshmark Backer Uncork Raises $300 Million With AI Focus
May 01, 2025

Uncork Capital, a venture firm whose portfolio includes Poshmark and Fitbit, has raised $300 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. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Payment Methods
Fiserv Processes First Card-Based Payment Transactions Under Special Bank Charter
April 30, 2025

The Georgia Department of Banking and Finance said Wednesday (April 30) that Fiserv merchant acquirer limited purpose bank (MALPB) has become the nation’s first chartered MALPB to process card-based payment transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...