News

B2B Payments
Why APIs Are the Short Cut to B2B Payments Innovation
May 16, 2022

As financial institutions (FIs) and eCommerce businesses see the need to optimize payment capabilities with accurate and efficient processes, there’s a solution that will help them do so quickly: application programming interfaces (APIs). Get the Full Story Complete the form to unlock this article and...

Regulation
BaFin Seeks Deutsche Bank Clarification on Business Communications via WhatsApp
May 16, 2022

German financial watchdog BaFin has ordered Deutsche Bank to clarify how its staff uses private messages on WhatsApp for business purposes, part of a worldwide effort to curb the practice of mixing business with personal lives. Get the Full Story Complete the form to unlock...

Investments
PayPal Vets Launch $158M Fund to Advance FinTech
May 16, 2022

Early-stage venture capital firm Infinity Ventures is launching its inaugural $158 million fund to help fuel FinTech infrastructure, commerce enablement and other startups that align with its model and portfolio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

eCommerce
The Data Point: 61% of Online Sellers Increased Marketplace Usage in the Past Year
May 16, 2022

Amazon, Shopify and others are feeling the sting of slower online sales in early 2022. That’s likely transitory as physical and online retail rebalance for what could be a long recovery. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Delivery
Uber Eats Launches Two Robotic Delivery Pilots as Restaurant Industry Struggles to Meet Demand
May 16, 2022

As aggregators struggle with driver labor challenges, Uber Eats is approaching the issue by removing drivers entirely. 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...

Investments
Digital Grocery Delivery Startup Buymie Picks up $7.3M in Fresh Funding
May 16, 2022

Online grocery delivery startup Buymie has secured 7 million euros (about $7.3 million) to continue building out technology for its digital ordering and delivery capabilities and enhance its ability to serve customers, EU-Startups reported Monday (May 16). Get the Full Story Complete the form to...

Retail
GameStop Names Former Belk Stores CEO Nir Patel As COO
May 16, 2022

GameStop Corp. named former Belk CEO Nir Patel as its new chief operating officer, effective May 31, according to a company press release Monday (May 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Walmart Aims to Fast-Track Grads Into $200k+ Store Managers
May 16, 2022

At a time when hiring and retaining hourly retail employees has never been more costly or challenging, Walmart is raising the stakes in the industry’s wage war with a new plan to recruit and train store managers for a role it said carries an average...

Retail
Weber Continues Slide in Q2
May 16, 2022

Grill maker Weber’s efforts to turn around its flagging omnichannel retail business didn’t work out as planned in the second quarter of fiscal 2022 — the three months ending March 31. Get the Full Story Complete the form to unlock this article and enjoy unlimited...