News

Banking
UK Regulators Scrutinize Revolut After Finding Audit Flaws
September 05, 2022

Revolut is being pressured to improve its internal controls for financial reporting, after the U.K.’s Financial Reporting Council said the FinTech’s audits were flawed and had a high risk of “misstatement,” the Financial Times reported Monday (Sept. 5). Get the Full Story Complete the form to...

Banking
CMA Cracks Down on ‘Bundling’ Rules Breach at Top UK Banks
September 05, 2022

The United Kingdom’s Competition and Markets Authority (CMA) this week announced that it has directed NatWest to issue refunds after it was found to have breached banking rules that forbid “bundling.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Banking
EU Digital Wallets Take On Global Card Networks, Strive for Interoperability
September 05, 2022

Interoperability has long been a guiding principle for the European payments ecosystem. 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...

Retail
Petfolk Goes Omnichannel to Level Supply-Demand Imbalance
September 05, 2022

Whether in-store, on the road or through virtual appointments, omnichannel veterinary care provider Petfolk wants to make it all better. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Merchant Innovation
Valyōu Furniture Debuts B2B Interior Design Service
September 04, 2022

Valyōu Furniture is launching a new B2B interior design service, Valyōu Spaces, to support those looking for a living space designed by “renowned interior designers.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

SPAC
SPAC Investors Prepare for Surge in Liquidations
September 04, 2022

Investors who put funds into blank check companies will likely see a liquidity boost of more than $75 billion in the next six months, as special purpose acquisition companies (SPACs) that went public during the listings boom will probably have to return their cash. Get...

IPO
Report: Chobani Says Market Conditions Caused Withdrawal of IPO
September 02, 2022

After announcing in March that it was delaying its planned initial public offering (IPO), yogurt company Chobani announced Friday (Sept. 2) that it is withdrawing the IPO. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
SMBs — and Their FIs — Share Cross-Border Payments Pain
September 02, 2022

Efforts to modernize and speed up the B2B cross-border payment experience have lagged similar efforts to improve the online payment experience for consumers, resulting in processes that are often complicated and filled with friction. Get the Full Story Complete the form to unlock this article...

Loyalty & Rewards
Restaurants Drive Loyalty Program Engagement by Putting Customers in Control
September 02, 2022

As restaurant brands look to boost consumers’ engagement, some are finding that the way to keep customers coming back is by putting them in charge of their own loyalty rewards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...