News

Retail
From Grill Academies to New Stores and More D2C, Weber Moves to Dampen Inflation Headwinds
February 15, 2022

In its short six-month life as a public company, outdoor grill maker Weber has faced challenges and investor pressure not seen in its 70-year existence. Hit with rising freight costs and inflation that’s running at generational highs, the suburban Chicago manufacturer’s stock has fallen 35%...

Banking
TD Bank on Tapping APIs and Partnering With FinTechs to Serve Commercial Clients
February 15, 2022

Serving the different needs of commercial banking clients can be a challenge for even the biggest financial institutions. In The Next-Gen Commercial Banking Tracker, TD Bank’s Paul Margarites explains how leveraging outside software applications and tapping partnerships with innovative FinTechs is proving valuable in meeting...

International
Canada’s Trudeau Gets Banks’ Help in Protests
February 15, 2022

Justin Trudeau, Canada’s prime minister, is using his emergency powers to cut the flow of money to the trucker protests opposed to his vaccine mandate, Bloomberg reported Monday (Feb. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
DeFi Protocol Wonderland May Draw SEC Probe for Use of PCV
February 14, 2022

The status of decentralized finance (DeFi) could finally be weighed in on by the U.S. Securities and Exchange Commission (SEC), according to a report from CoinDesk Monday (Feb. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Colorado Eyes Requiring Personal Data for Third-Party Sellers to Curb Fraud
February 14, 2022

Online shoppers are likely to find ‘mystery packages’ on Facebook Marketplace that are actually situations where the shopper pays for a box of unknown goods which have been stolen from porches or shoplifted, according to a Monday (Feb. 14) report from the Greeley Tribune. Get...

IPO
Sock Company Bombas Eyes Possible IPO
February 14, 2022

Sock and apparel maker Bombas is looking into a U.S. initial public offering (IPO), according to a Monday (Feb. 14) Bloomberg report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Today in Retail: Valentine’s Day Spending Expected to Near $24B; Harmay Raises $200M for Growth...
February 14, 2022

Today in retail, Dickies embraces virtual fitting to great success while Jana Partners slashed its ownership stake in Macy’s after pushing it to separate its eCommerce business from the brick-and-mortar operation. Plus, brands building super apps to meet customers’ desire for increased rewards programs, and...

Delivery
eGrocer Everli to Deliver for Carrefour in 10 French Cities Including Paris
February 14, 2022

Carrefour and Everli will be rolling out a partnership in 10 French cities after announcing an international commercial agreement, according to a press release Monday (Feb. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Today in FinTech: Bank of America Invests in UK FinTech to Tackle Card Processing Fees
February 14, 2022

In today’s FinTech news, banks and FinTechs are finding more ways to coexist and complement one another’s skills, with Bank of America investing $20 million in the U.K. FinTech Banked to bring more customers a Pay by Bank solution, eliminating card processing fees for merchants....