News

Retail
Kohl’s Sees $9B Bid for Sale
January 23, 2022

There’s been a bid to buy Kohl’s for $9 billion from a group backed by Starboard Value LP, The Wall Street Journal (WSJ) reported Friday (Jan. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Blockchain Technology Can Take the Sting out of Cross-Border Payments
January 21, 2022

Cross-border B2B payments can be challenging, with regulatory differences, language barriers and high global remittance costs. 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...

Investments
Irish CleanTech Firm Exergyn Raises $34M in Series A
January 21, 2022

The Irish CleanTech firm Exergyn has raised $34 million in a Series A funding round to help develop its thermal management technology, according to published reports Friday (Jan. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
UK Data Watchdog Sides Against Gov’t in Encryption Debate
January 21, 2022

The U.K.’s data watchdog has sided against the government’s campaign to delay end-to-end encryption for private messaging. 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...

Investments
Workspace Management Platform OfficeSpace Raises $150M
January 21, 2022

Workspace management platform OfficeSpace Software has received a $150 million strategic investment from the investment firm Vista Equity Partners, according to a Friday (Jan. 21) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Today in Retail: Retail Bankruptcies Tumble 60%; Peloton’s Latest Struggles Cloud Its Future
January 21, 2022

Today in retail, Walmart could take a step into the metaverse, while Peloton continues to test the theory that there’s no such thing as bad publicity. Plus, retail bankruptcies were at their lowest level in a decade last year, dropping from 52 bankruptcies to 21....

B2B Payments
45% of Businesses View Slow Payments as a Primary Pain Point
January 21, 2022

Frustrations over delayed payments are on the rise, prompting businesses to upgrade their B2B transactions and other processes. Today, 45% of businesses view slow payment completion times as one of their main pain points, according to the “Next-Gen Digital Payments Report,” a PYMNTS and Transcard...

Security & Fraud
Intuit’s TurboTax Still Being Probed by FTC Despite Limited Power
January 21, 2022

The U.S. Federal Trade Commission (FTC) is staying the course with its fraud investigation into Intuit’s TurboTax even though the Supreme Court reeled in the agency’s powers to hand down penalties in consumer fraud cases, The Information reported, citing unnamed sources with insider information. Get...

IPO
Digital Bank Chime Readies IPO With Possible $40B Valuation
January 21, 2022

The digital banking service Chime has asked Goldman Sachs Group for assistance in prepping for an initial public offering that could value the company at close to $40 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...