News

Retail
Today in Retail: Kroger, Bed Bath & Beyond Expand Partnership; Rihanna Joins Forbes’ List of...
April 06, 2022

Today in retail, payments providers must offer value-added services to their customers, while Mastercard SpendingPulse shows continued return to pre-pandemic consumer spending. Plus, KimChi Chic Beauty line gets a retail home in 139 CVS BeautyIRL locations, lease-to-own plans are providing a boost to retailers and...

Security & Fraud
Fake Bank Records Spotlight Need for Advanced Tech in B2B Identify Verification
April 06, 2022

The internet is a curious place — a digital bazaar where anything can be had, for a price. 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...

Security & Fraud
Block Confirms Cash App Breach by Former Employee 
April 06, 2022

A former employee of Block (formerly known as Square) is accused of downloading Cash App reports containing sensitive data belonging to customers, according to multiple reports on Wednesday (April 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Kroger Ups Its Cross-Category Game via eComm Pact With Bed Bath & Beyond
April 06, 2022

In a statement that stressed, “We’re more than just food,” the nation’s largest grocery store operator, Kroger, announced Wednesday (April 6) that it was expanding its 5-month-old digital partnership with Bed Bath & Beyond in what it is calling a “multi-category omnichannel collaboration.” Get the...

CFPB
21 Attorneys General Urged CFPB to Regulate BNPL
April 06, 2022

On March 25, the Consumer Financial Protection Bureau (CFPB) closed its request for comments regarding the inquiry on buy now, pay later (BNPL) that it launched in December. PYMNTS assessed the 44 public comments available on the government website, and the vast majority of them...

Faster Payments
The Clearing House Raises RTP Limit to $1M
April 06, 2022

The Clearing House (TCH), which operates the RTP network, announced Wednesday (April 6) it is increasing the value limit for payments on the network to $1 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
KimChi Chic Beauty Makeup Line Debuts at CVS Stores
April 06, 2022

CVS Pharmacy is bringing Bespoke Beauty Brands’ KimChi Chic Beauty line of products to at least 139 of its U.S. BeautyIRL locations, according to a Wednesday (April 6) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Bain Capital Leads $65M Series B for Fidel API
April 06, 2022

Financial infrastructure platform Fidel API has raised $65 million in a Series B round that brings the company’s total funding to $88 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Rihanna the Retail Billionaire Joins Growing List of Industry’s Celebrity Money Makers
April 06, 2022

As if singer, actress, model, entrepreneur and expectant mother weren’t enough already, the 34-year-old powerhouse from Barbados has now officially added a sixth title to her growing list of superlatives: billionaire.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...