News

Investments
LatAm Logistics Firm 99minutos Raises $82M
March 02, 2022

Mexican eCommerce logistics company 99minutos has raised $82 million in a Series C funding round, the company said in a news release Wednesday (March 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
EU Mulls Blocking Russian Banks From SWIFT, but Big Name FIs Are Missing
March 02, 2022

The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday (March 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Real-Time Data Makes Workers Comp Premium Payments Pay as You Go
March 02, 2022

Leasing, real estate, credit cards and many other expenses are done on a monthly basis in terms of payments, but workers’ compensation has been quite different. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Dollar Tree or Three? Discount Retailer Tinkers With $3 and $5 Price Points 
March 02, 2022

Three months after the parent company of the Dollar Tree and Family Dollar chain of discount stores announced it was “breaking the buck” and lifting its long-standing $1 price format to $1.25, the Virginia-based retailer is at it again. Get the Full Story Complete the...

International
China Will Sit Out Russia Sanctions, Regulator Says
March 02, 2022

China is opposed to unilateral financial sanctions against Russia and will not join Western countries in imposing them, the head of the country’s banking and insurance regulator says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Loyalty & Rewards
Dutch Bros Aims to Leverage Stored-Value Payments to Drive Loyalty
March 02, 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...

IPO
SPAC Serendiptiy Capital Files With SEC to Pull Plug on $250M IPO
March 02, 2022

Instead of launching its initial public offering (IPO) on Monday (Feb. 28), special purpose acquisition company (SPAC) Serendipity Capital Acquisition pulled the plug and filed a Request to Withdraw Registration Statement with the Security and Exchange Commission (SEC). Get the Full Story Complete the form to unlock...

Retail
Urban Outfitters Relies More on eCommerce for 2021 Sales
March 02, 2022

Urban Outfitters relied increasingly on its digital channel to get customers the fashion apparel they wanted in the fourth quarter of fiscal 2022, which ended Jan. 31, 2022, and while the bottom-line results were promising, the transformation shows there are still some kinks to work...

Banking
Banks: Russia Steps up Cyberwar Against Financial System
March 02, 2022

Russia has begun a cyberwar against the U.S. in retaliation to recent sanctions targeting the banking system and other major industries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...