News

International
Today in FinTech Ukraine: Mastercard Gives $2M for Relief Efforts
March 18, 2022

Today in FinTech Ukraine, Mastercard is donating $2 million to support relief efforts in Ukraine, and Unchain Fund, which was created by blockchain activists, is aiming for the smooth transfer of humanitarian funds. Get the Full Story Complete the form to unlock this article and...

Retail
Today in Retail: FedEx Raises Prices as Package Volume Slows; Car Buyers Need to Be...
March 18, 2022

Today in retail, Sycamore Partners is considering buying U.K. fashion retailer Ted Baker, while GameStop is adding rewards club members at brisk pace as it works on NFT marketplace. Plus, PYMNTS presents five ways to fight inflation. Get the Full Story Complete the form to...

Investments
Blockchain-Based Travel Startup TravelX Raises $10M in Seed Funding
March 18, 2022

Blockchain-based travel distribution startup TravelX has raised $10 million in seed funding that it will use to tokenize inventory in the travel space and develop new ways of distribution, according to press release Tuesday (March 15). Get the Full Story Complete the form to unlock...

Banking
Why Cash is a Challenge for Challenger Banks
March 18, 2022

For most Americans, digital-first banking has become part of life. According to our January 2022 ConnectedEconomy™ Report, 67% of U.S. consumers say they interact with their bank using digital channels, including checking their balances, paying bills and monitoring transaction alerts. Get the Full Story Complete...

B2B Payments
Half of All B2B Payments Will Be Sent via APIs by the End of 2023
March 18, 2022

Interest in the potential benefits of application programming interfaces (APIs) has spiked in recent months as businesses and their financial institutions (FIs) or banking partners look to retool their payments processes to stay competitive in the payments ecosystem. Get the Full Story Complete the form...

Faster Payments
The Rise of ACH Payments During COVID
March 18, 2022

ACH (automated clearinghouse) transactions have been on the rise during the COVID-19 pandemic as businesses began moving to electronic payment adoption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
AI Startup Aibee’s Valuation Tops $1B After New Funding From Xiaomi
March 18, 2022

Chinese artificial intelligence (AI) startup Aibee closed a fundraising round of about $100 million that pushed its valuation to more than $1 billion, making it a unicorn, according to a Thursday (March 17) Bloomberg report. Get the Full Story Complete the form to unlock this...

Delivery
Deliveroo Lays Out Timeline to Profitability, Leverages Ghost Kitchens, Dark Stores
March 18, 2022

As most on-demand food delivery aggregators continue to operate at a loss, Deliveroo is gearing up to reach profitability within the next two years or so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
British Retailer Ted Baker Could Be Purchased by US Investor
March 18, 2022

Sycamore Partners, the New York private equity firm specializing in retail investments, is considering a cash offer for Ted Baker, the United Kingdom fashion retailer, Reuters reported Friday (March 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...