News

International
Bank of Russia Puts Limits on Foreign Cash
March 10, 2022

The Bank of Russia has imposed a six-month restriction on local companies’ access to foreign currency cash in an effort to preserve hard currency amid sanctions against the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Could Find NIST an Ally for Open Banking
March 10, 2022

The National Institute of Standards and Technology (NIST), a non-regulatory agency of the U.S. Department of Commerce, on March 3 closed a public consultation on its Cybersecurity Considerations for Open Banking Technology and Emerging Standards report.  Get the Full Story Complete the form to unlock...

Retail
Today in Retail: Walmart Ratchets up Investment in Health, Wellness; Build-A-Bear’s eCommerce Dips
March 10, 2022

Today in retail, Walmart rolls out new services through its online Wellness Hub, while Build-A-Bear sees eCommerce sales slow. Plus, Instacart introduces new features to support in-store pickers, Peloton introduces a new pricing system, and Duluth Trading shoppers prefer the in-store experience. Get the Full...

Retail
Online Grocery Prices in US Jump 7.6% in February Excluding Delivery
March 10, 2022

The price of online grocery purchases across the U.S. jumped by a record-setting 7.6% in February compared to a year ago, and that’s without factoring in the delivery costs, according to data released Thursday (March 10) by software company Adobe Inc. Get the Full Story...

Security & Fraud
New UK Provision to Hold Big Tech Responsible for Paid Ads From Fraudsters
March 10, 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
Stilt Raises $14M, Launches Business Credit Platform
March 10, 2022

Stilt, a company that provides financial services for immigrants, has raised $14 million in a Series A funding round, the company said in a news release Thursday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Financial Wellness Platform Best Egg Hatches $225M
March 10, 2022

Financial wellness platform Best Egg has secured $225 million in a Series E capital round, the Delaware company announced in a news release Thursday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Large Companies Lead the Way in Making Business Payments Digital
March 10, 2022

Chief financial officers (CFOs) say digitizing their accounts receivable (AR) and accounts payable (AP) functions is integral to modernizing their payments operations and improving balance sheet management. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Payments Innovation
Square Launches Loyalty, Marketing Products in Ireland
March 10, 2022

Square launched a pair of software products that will help businesses in Ireland increase their sales and build customer loyalty in a few clicks, according to a Thursday (March 10) company press release. Get the Full Story Complete the form to unlock this article and...