News

Security & Fraud
UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 
May 18, 2022

The U.K. Payment System Regulator (PSR) is continuing its fight against authorized push payment (APP) fraud. New rules and legislation will provide the regulator with more tools to reduce fraud and to demand compensation from banks.  Get the Full Story Complete the form to unlock...

B2B Payments
Buried B2B Payments Shortcuts Often Hiding in Plain Sight
May 18, 2022

Data can help B2B payments more fully enter the digital age. 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...

Investments
Temasek Leads $160M Series D for Thought Machine’s Expansion
May 18, 2022

Cloud banking technology startup Thought Machine closed a $160 million Series D funding round led by Temasek that gives the firm a post-money valuation of $2.7 billion, twice its value at the end of last year. Get the Full Story Complete the form to unlock...

Regulation
Crypto Regulation on Agenda of Meeting of G-7 Finance Heads
May 17, 2022

Crypto asset regulation will be a topic of talk among the Group of Seven, according to French central bank head Francois Villeroy de Galhau, Reuters reported Tuesday (May 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Warns Businesses Not to Misrepresent FDIC Insurance
May 17, 2022

The Consumer Financial Protection Bureau (CFPB) is looking out for consumers at risk of succumbing to false advertising stemming from misusing the Federal Deposit Insurance Corporation (FDIC) name or logo, a CFPB press release said Tuesday (May 17). Get the Full Story Complete the form...

Retail
Instagram to Host Retail Pop-Up Store in NYC
May 17, 2022

To commemorate the third anniversary of Instagram’s @shop account, the social media company will be hosting a two-day, physical retail pop-up store in New York City next week, the company announced Monday (May 16). Get the Full Story Complete the form to unlock this article...

B2B Payments
Today in B2B: TurnKey Lender, VoPay Partner on Digital Lending; TreviPay, Companynet Team on Trade...
May 17, 2022

Today in B2B payments, TurnKey Lender and VoPay collaborate to digitize lending, while TreviPay and Compaynet partner on trade credit. Plus, cryptocurrency treasury management platform Coinshift raises $15 million in a Series A funding round, and fashion supply chain platform Fashinza grabs $100 million in...

B2B Payments
CFO’s Untold Secret About Digitization: It’s Not All About Cost Savings
May 17, 2022

Smaller companies tend to see their digitization efforts as an avenue to eliminate manual processes and cut costs, according to “Business Payments Digitization,” a PYMNTS and Corcentric collaboration based on a survey of chief financial officers (CFOs) from firms that generate between $400 million and...

Retail
Walmart’s Customer ‘Switching’ Shows Inflation Hitting the Paycheck-to-Paycheck Consumer
May 17, 2022

For Walmart, the paycheck-to-paycheck economy — and its pressures — dictate how the retailing giant’s fortunes will fare, especially over the near term. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...