News

Cross-border Payments
TCH’s Immediate X-Border Payments Pilot Eyes Payroll, Remittances
May 10, 2022

Breathless anticipation of blockchain and central bank digital currencies (CBDCs) aside: There’ll always be a place for the correspondent banking system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

eCommerce
Data-Driven Compliance Solution Helps EU eCommerce Merchants Avoid Fines, Customer Loss
May 10, 2022

For cross-border eCommerce businesses looking to do business within the European Union, keeping up with the complex and constantly evolving world of trade regulations — from codes, declarations, duty and tax calculations to customs clearance requirements that may vary from one country to another —...

eCommerce
CarGurus Hits Connected Economy Speed Bump as US Monthly Users Slide 15% 
May 09, 2022

Growth, yes, in the rearview mirror, and growth still lies ahead, for CarGurus — certainly on the company’s top line. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
BNPL Startup Cashew Nets $10M for Expansion From UAE Lender
May 09, 2022

Cashew, a buy now, pay later (BNPL) firm from the United Arab Emirates (UAE), has secured up to $10 million in debt and equity financing from Mashreqbank, a local lender, to help it expand more quickly, Reuters wrote Monday (May 9). Get the Full Story...

Biometrics
Facial Recognition Developer Clearview AI Agrees to Limit Database Sales
May 09, 2022

Facial recognition software maker Clearview AI has settled a lawsuit from the American Civil Liberties Union (ACLU) and will limit access to its face database in the U.S. to government agencies rather than a myriad of American companies, The New York Times reported Monday (May...

Delivery
Tech Giants Make Moves to Capture Rising eGrocery Sales
May 09, 2022

Online grocery is no longer just the purview of brick-and-mortar incumbents and emerging eCommerce startups. Major technology companies are also making moves into the space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Today in Retail: Hasbro Board Urges Shareholders to Keep Them Around; 7-Eleven Wants to Add...
May 09, 2022

Today in retail, Kohl’s board of directors is fighting a takeover bid by an activist investor, while Hasbro’s board urges shareholders to keep them and Puma is trying to capture the women’s market. Plus, grocery stores’ in-store apps make shopping an omnichannel experience, PayPal is...

Investments
$62.5M Fundraise Values Self-Checkout System Mashgin at $1.5B
May 09, 2022

Mashgin, a touchless self-checkout system powered by artificial intelligence (AI) and computer vision, has raised $62.5 million in a Series B funding round that values the business at $1.5 billion, according to a Monday (May 9) press release. Get the Full Story Complete the form...

B2B Payments
Today in B2B: Aspire Turns Its Focus to NeoGames Merger After Strong Q1 Earnings; Price...
May 09, 2022

Today in B2B payments, BlueSnap gets a license to help Israeli companies with finances while Australian site Price My Car partners with Nodifi to offer finance solutions. Plus, Mastercard and Enterprise Nation team up on a small business support app and B2B gambling group Aspire...