News

Security & Fraud
Hacked US Companies Must Report to Government Under New Law
March 13, 2022

Companies important to the U.S.’s national interests will now have to report when they’re hacked or if they pay ransomware, an Associated Press report said, under a bill passed by Congress and expected to be signed by President Joe Biden. Get the Full Story Complete...

International
Russia’s Central Bank Keeps Stock Market Closed
March 13, 2022

The Russian central bank won’t be reopening stock market trading on the Moscow Exchange between March 14-18, Reuters reported Saturday (March 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
MoneyGram Suspends Service in Russia
March 13, 2022

MoneyGram plans to quit offering its services in Russia over that country’s ongoing invasion of Ukraine, a company statement said Friday (March 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
DOJ to Crack Down on Russian Oligarchs And Their Networks
March 13, 2022

The Justice Department plans to investigate people, banks and cryptocurrency exchanges that have helped rich Russians hide or launder their money, Bloomberg reported Friday (March 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Rivalries, Regulators Put Aside As Big Tech, FinTech Join Forces To Help Ukraine, Fight Common...
March 11, 2022

As Ukrainian Foreign Minister Dmytro Kuleba continues pressing Russian Foreign Minister Sergei Lavrov for a ceasefire in Ukraine that hasn’t held so far, FinTechs are taking some matters into their own hands, getting various forms of aid to embattled Ukrainians. Get the Full Story Complete...

Digital Banking
Today in FinTech: Lunar Raises $76M; Brazil Unveils FinTech Regs; Cardlay Hires CTO
March 11, 2022

In today’s FinTech news, Lunar digital bank eyes growth in the Nordic region, while Brazil’s central bank hands down new FinTech regulations. Plus, Revolut’s CRO resigned to launch a cryptocurrency startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
EMEA Daily: Revolut CRO Leaves to Start Crypto Platform; FCA Pulls Plug on UK Crypto...
March 11, 2022

In today’s top Europe, Middle East and Africa news, Revolut’s chief revenue officer is planning on leaving the U.K.-based financial company to launch a cryptocurrency platform, and luxury resale platform Yoox Net-A-Porter debuted a menswear resale line. Get the Full Story Complete the form to...

B2B Payments
Today in B2B: APIs Play Critical Role in Payments Orchestration; Digital Bank Lunar Raises $76M
March 11, 2022

Today in B2B payments, Happiness Development inked a $6.7 million direct offering for a B2B auto business, and decentralized markets and local skills boost European B2B wholesale eCommerce. Plus, digital bank Lunar raises $76 million in fundraising round. Get the Full Story Complete the form...

Retail
Today in Retail: Consumers Navigating Highest Grocery Prices Since the 1980s; Savage X Fenty Lingerie...
March 11, 2022

Today in retail, Ulta Beauty holds its own in the increasingly competitive beauty care sector, while APIs play an important role for businesses when it comes to payment orchestration. Plus, Rivian’s production was cut in half because of supply chain challenges, lease-to-own financing helps financially...