News

B2B Payments
61% of CFOs Cite Transparency Gains as Perk of AP/AR Digitization
February 22, 2022

Low visibility into payments journeys has left accounts payable (AP) departments vulnerable to cyberattacks. Throughout the pandemic, businesses’ remote workspaces have been plagued by fraud concerns and a need for tighter cybersecurity procedures in their accounting departments. Most AP departments have received at least one...

Regulation
Open Letter From FinTech CEOs Calls for More Regs
February 22, 2022

Nearly six dozen CEOs are calling for increased regulation of the FinTech sector in the United Kingdom, Altfi reported. 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...

IPO
Swiggy Targeting $800M IPO Next Year
February 22, 2022

Indian food delivery giant Swiggy is eyeing an initial public offering (IPO) early next year and has begun preparations to raise at least $800 million as part of its public unveiling, according to a Nikkei Asia report Tuesday (Feb. 22) that cites three people familiar...

Delivery
NYC Council Moves to Ban Grocery Apps’ 15-Minute Delivery Guarantees
February 22, 2022

New York City Councilman Christopher Marte will introduce a bill that would ban on-demand grocery apps from advertising that they will deliver in 15 minutes, saying such a practice threatens worker and pedestrian safety, according to a report in The New York Post Monday (Feb....

Investments
Investment Platform PrimaryBid Lands $190M in Series C
February 22, 2022

British investment platform PrimaryBid is looking to expand across Europe and into the U.S. following the close of a $190 million Series C funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Digital Banking Leaves Teller Deposits in the Distance
February 22, 2022

Banking, without a backward glance, is leaving the branch behind. 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...

Loyalty & Rewards
Restaurant Subscription Holders Are Twice as Likely to Use Loyalty Programs
February 22, 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...

Retail
Macy’s Says No to eComm Spin Off
February 22, 2022

After a comprehensive three-month review of its business to assess the possibility of separating its eCommerce assets from its traditional physical stores, Macy’s has concluded that its existing integrated strategy is the best path forward for customers and the company. Get the Full Story Complete...

Retail
Walmart Launches Spring 2022 Lines, the First Created by Brandon Maxwell
February 22, 2022

Walmart has debuted its spring 2022 collections, the first since it added American fashion designer Brandon Maxwell as creative director for its Free Assembly and Scoop brands about a year ago, according to a Monday (Feb. 22) company blog post. Get the Full Story Complete...