News

Investments
Amenitiz Closes on $30M Funding for SaaS Billed as ‘Shopify for Hotels’
April 05, 2022

Barcelona-based Amenitiz, developer of a software-as-a-service solution designed to streamline the administration of hotels and bed and breakfasts (B&Bs), has closed a $30 million Series A funding round, Eight Roads, the lead funder, announced Tuesday (April 5). Get the Full Story Complete the form to unlock this...

B2B Payments
Raistone, Mastercard Streamline B2B Payments, Increase SMB Working Capital
April 05, 2022

FinTech Raistone on Tuesday (April 5) teamed up with Mastercard to streamline business-to-business (B2B) finance payments and accelerate working capital for small- and medium-sized businesses (SMBs), using Mastercard’s virtual card technology, according to the joint press release. Get the Full Story Complete the form to...

Retail
Farfetch to Pump Money and Punch Into Neiman Marcus and Bergdorf eCommerce Ops
April 05, 2022

The online luxury retail space got a big new player Tuesday (April 5), when U.K.-based Farfetch said it was investing $200 million into Neiman Marcus’ digital growth and operations, while also re-platforming the website and mobile app of the 115-year-old brand’s Bergdorf Goodman unit. Get...

Retail
As Sales Slump, Sonic Automotive Ramps up Chain of Used Car Omnichannel Stores
April 05, 2022

The auto industry is in a steady decline thanks to supply chain hang-ups, chip shortages and other factors, but that isn’t stopping Sonic Automotive from continuing to expand its EchoPark Automotive brand with the opening of its newest retail hub in Raleigh, North Carolina, according...

Retail
PayPal to Launch New Cash Back Rewards Card Amid Consumer Belt-Tightening Trend
April 05, 2022

At a time when people across the United States and around the world are trying to keep as much money in their pockets as possible, PayPal has announced the PayPal Cashback credit card, giving customers unlimited 3% cash back with every PayPal purchase and 2%...

Faster Payments
PopID, Visa Partner to Debut Facial Verification Payments in the Middle East 
April 05, 2022

Consumer authentication service PopID and Visa have partnered to launch facial verification payment acceptance in the Middle East, the companies announced Tuesday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
The Smaller, Smarter ‘Store of the Future’ Trend Is Real
April 05, 2022

From mega malls riddled with vacancies and empty anchor tenant spaces, to giant stand-alone box stores in need of a refresh, to the realm of changed consumer expectations and shopping behaviors fueled by COVID, it would not be a stretch to say the retail industry...

B2B Payments
Virtual Cards, Spend Management Help SMBs Cut Costs — and Red Tape
April 05, 2022

When employees must pay their expenses out of pocket and get reimbursed later, the process isn’t just tedious — it’s expensive too. As a result, there’s a continuing transition away from legacy solutions. Get the Full Story Complete the form to unlock this article and...

Regulation
Apple’s Financial Service Ambitions May Clash With EU’s DMA
April 05, 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...