News

CFPB
CFPB Opens Inquiry Against ‘Junk Fees’
January 26, 2022

The Consumer Financial Protection Bureau (CFPB) launched an initiative to reduce “junk fees,” a move the agency said will save consumers billions of dollars each year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
UK InsurTech Laka Nets $12M for eMobility Solution
January 26, 2022

London-based cyclist InsurTech startup Laka has secured more than 10.6 million pounds ($12 million) to advance its insurance model, EU-Startups reported Wednesday (Jan. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
SumUp Seeks Fresh Capital at $22B Valuation
January 26, 2022

London-based global payments service provider SumUp could launch a fundraising round that would value the company at about 20 billion euros (about $22 billion), Bloomberg reported Wednesday (Jan. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
25% of CFOs Update Forecasts on a Weekly Basis
January 26, 2022

Chief financial officers (CFOs) and corporate treasurers view cash management as a pressing challenge, but only a fraction of them are using technology to improve the process. Amid successive waves of digital innovation, cash forecasting has in many ways remained unchanged. Get the Full Story...

Social Commerce
Snap Launches Shopping Lenses to Improve Product Browsing
January 26, 2022

Snap on Wednesday (Jan. 26) debuted a new type of Shopping Lens that allows users to swipe through multiple products and browse details on pricing, color, sizing and similar items from the retailer, according to a blog post on the company’s website. Get the Full...

B2B Payments
Workers’ Comp Insurance Carriers Move to Payroll Billing
January 26, 2022

The traditional billing model for workers’ compensation insurance was shown to be flawed during the pandemic. 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...

Regulation
China to Renew Money Laundering Crackdown
January 26, 2022

After stepping up enforcing regulations in recent years, China is planning to launch a nationwide crackdown on money laundering, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
Report: Underpriced IPOs Could Be an Antitrust Violation in Japan
January 26, 2022

Japan’s competition regulator is expected to warn brokerage houses that undervaluing initial public offerings (IPOs) on the stock exchange could be a violation of the nation’s antimonopoly law, sources told The Japan Times. Get the Full Story Complete the form to unlock this article and...

IPO
Delivery Startup Gopuff Preps for IPO with Goldman Sachs, Morgan Stanley
January 26, 2022

Delivery startup Gopuff is prepping for an initial public offering (IPO) and is working with banks Goldman Sachs and Morgan Stanley on its planned float, which is expected later in 2022, Bloomberg reported on Wednesday (Jan. 26), citing unnamed sources with insider information. Get the...