News

International
EMEA Daily: Central African Republic Embraces Crypto; TrueLayer Introduces Variable Recurring Payments
April 26, 2022

In today’s top Europe, Middle East and Africa (EMEA) news, Central African Republic Finance Minister Herve Ndoba said the use of cryptocurrencies in the nation’s economy is coming, while London’s TrueLayer has introduced variable recurring payments (VRP). Plus, Facebook owner Meta and Google pledged to...

Banking
TD Bank Opens South Florida Tech Hub
April 26, 2022

TD Bank Group has launched a technology hub in Fort Lauderdale designed to support what it calls an emerging center of tech innovation in South Florida. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Volvo Invests in Carwow, Expecting to Sell Half Its Cars Online by 2025
April 26, 2022

Volvo Cars has taken a minority stake in Carwow, the European online car retailer, a Financial Times report said Tuesday (April 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Food Rocket Snags $25M for Grocery Delivery Expansion
April 26, 2022

Food Rocket, the San Francisco company that promises grocery delivery in the Bay Area within 15 minutes, has secured $25 million in Series A funding that it will use to expand the service in Chicago and other U.S. cities, reinforce its artificial intelligence software and...

Retail
Today in Retail: Online Grocery Shopping Jumps 5% in March; Amazon, Ferragamo Shut Down Chinese...
April 26, 2022

Today in retail, online grocery adoption rises 5% in March, while Amazon helps stop a Ferragamo counterfeiter. Plus, consumers choose experiences over goods, JCPenney looks to add Kohl’s to its retail store empire, and Sherwin-Williams’ price increases help its net sales grow. Get the Full...

Investments
Lifestyle-Focused Digital Bank Cogni Debuts With $23M Series A Funding
April 26, 2022

Cogni, a lifestyle-focused digital bank, received $23 million in Series A funding, rolling out what it called a new way to modernize personal finance options, according to a Tuesday (April 26) press release. Get the Full Story Complete the form to unlock this article and...

Banking
Fiserv Launches AppMarket Open Finance, FI/FinTech Collaboration Tool
April 26, 2022

Payments and financial services tech solutions provider Fiserv on Tuesday (April 26) launched AppMarket, which gives financial institutions (FIs) access to a curated set of FinTech solutions that can help them reach new customers, operate more efficiently and compete more effectively. Get the Full Story...

B2B Payments
Pakistan’s NIFT, M10 Partner on B2B Payments
April 26, 2022

Pakistan’s National Institutional Facilitation Technologies (NIFT) has teamed up with M10 Networks to facilitate digital B2B payments inside the country and improve cross-border transfers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Delivery
Consumer Interest in Experiences Over Goods Puts Drag on Residential Deliveries 
April 26, 2022

Consumers are choosing experiences over goods when spending money, UPS executives report. The company has heard from its customers that there has been some shift in consumer spending from goods to services, they said Tuesday (April 26) during the company’s quarterly earnings call.  Get the...