News

Payments Innovation
This Week in Payments: Commerce Takes Shape in the Metaverse, Everyone Becomes a FinTech, and...
April 15, 2022

The connected economy saw big news on several fronts this week, with buzz around Elon Musk’s Twitter takeover bid, Meta disclosing its plans for commerce in the metaverse, Goldman Sachs getting ready to launch checking accounts, and Amazon surpassing Walmart in retail spend. Get the...

Banking
JPMorgan’s $1B Loss Reserve Signals Souring Loans and ‘Pain’ Ahead for FinTechs
April 15, 2022

When JPMorgan reported first-quarter earnings results this week, the company also built $902 million in reserves — a move that signals a tough credit environment is in the cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Internet Crime Center Issues Warning About New Texting Scam
April 15, 2022

The U.S. Internet Crime Complaint Center, also known as IC3, is warning the public about a cybersecurity scam that tricks people into transferring funds in order to “reverse” instant payments, according to an FBI press release. Get the Full Story Complete the form to unlock this...

International
Stripe Now Supports Furikomi, Konbini Payments in Japan
April 15, 2022

Stripe, a financial services and Software-as-a-Service (SaaS) company, now supports two forms of payments in Japan via one integration, the company announced Friday (April 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Nike, Uniqlo, LVMH and Other Big Brands Face Growing Challenges in China
April 15, 2022

The U.S. may still be the single biggest and most lucrative market on earth, but China is clearly where the growth is at. The fact that this nation of unique potentialities and challenges holds the keys to the future for many of the retail industry’s...

Delivery
Marc Lore Brings Entrepreneur Skills as CEO of Food Delivery Startup Wonder
April 15, 2022

Serial entrepreneur Marc Lore — the former head of Walmart’s eCommerce division, founder and former CEO of Jet, and former CEO of Quidsi — is putting his expertise behind fast-growing delivery startup Wonder, the Ashbury Park Press reported Thursday (April 14). Get the Full Story...

Banking
With Digital Checking, Goldman’s Marcus Looks to Create 153-Year-Old Neobank
April 15, 2022

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 completing this form, you agree to receive marketing communications from PYMNTS and...

Investments
Legal Platform Filevine Raises $108M, Plans Expansion
April 15, 2022

Legal work platform Filevine has raised $108 million in Series D funding, money the Salt Lake City company says it will use to expand into new areas of the law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
Boston Red Sox Go Cashless
April 15, 2022

Your cash is no good at Fenway Park. 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 completing this form, you...