News

Investments
Payroll Solution Firm Atomic Adds $40M in Series B Funding Round
March 03, 2022

Payroll connectivity solutions platform Atomic on Thursday (March 3) announced it raised $40 million through a Series B funding round that will help the company continue to build its payroll connectivity ecosystem geared toward “consumers with limited access to financial services.” Get the Full Story...

Banking
European Arm of VTB, Russia’s Second-Largest Bank, Could Close Within Days
March 03, 2022

Regulators in Germany are preparing for the closure of the European arm of VTB, the second-largest bank in Russia. 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...

International
Sabre Ends Aeroflot Deal, Cripples Russia’s Largest Airline
March 03, 2022

Airline software maker Sabre says it has ended its distribution agreement with Aeroflot, thus hamstringing Russia’s largest air carrier’s ability to sell tickets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Digital Banking
CaixaBank Chair Advocates Consumer-Centric Tech, Consistent FI Regs
March 03, 2022

The chairman of Spanish global financial services company CaixaBank told an audience that changing customer habits are one of the most complex issues facing banks over the next few years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
NFT Infrastructure Startup Rarify Raises $10M at $100M Valuation
March 03, 2022

API-based NFT infrastructure startup Rarify raised $10 million in a Series A funding round at a $100M valuation led by Pantera, according to a press release emailed to PYMNTS on Thursday (March 3). Get the Full Story Complete the form to unlock this article and...

Retail
Best Buy Faces Higher Costs, Says Tech Has ‘Changed Every Aspect of Our Lives’
March 03, 2022

Inflation may rise and fall, supply chains will ebb and flow, and the pandemic will (hopefully) continue to fade, but Best Buy CEO Corie Barry told investors Thursday (March 3) that the structural changes that have happened over the past two years in terms of...

International
As Payments Firms Disclose Russia Exposure, Wall Street Takes Stock
March 03, 2022

Wall Street hates uncertainty, goes the saying. One key uncertainty investors hare is what happens in times of geopolitical crisis and in times of military action. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Ukraine’s Central Bank Reports ‘Smooth Functioning’
March 03, 2022

Ukraine’s banking system has managed to stay strong amid Russia’s invasion, the country’s central bank’s governor said Thursday (March 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Big Lots Promises Quick Rebound After Lackluster Q4
March 03, 2022

Although discount retailer Big Lots saw a slight drop in its quarterly net sales in the last three months of fiscal 2021 compared to 2020 and less than 8% growth from the same period two years ago, CEO Bruce Thorn told investors and analysts the...