News

Banking
Legal Spat Over FinTech Bank Charters Spotlights Deposit Insurance Debate
January 17, 2022

The regulatory path forward for FinTechs seeking to offer banking services on a national scale may have gotten a bit clearer, but it hardly seems shorter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Consumers Still Have ‘Appetite to Spend’ as Omicron Dip Seen as Temporary
January 17, 2022

Amidst a surge in the omicron variant of COVID-19 and a weaker-than-expected slump in December retail sales, pessimism has gotten the best of many consumers and shaken their confidence for the year to come, but TD Bank Head of Retail Card Services Mike Rittler is...

Investments
Exotec Raises $335M to Streamline Robotics Supply Chain
January 17, 2022

Global warehouse robotics company Exotec has closed a Series D funding round for $335 million at a $2 billion valuation, and it plans to use the fresh capital to launch large-scale deployments in North America, Europe and Asia for a number of global brands, according...

Retail
Peloton Prices Will Rise 15% as Connected Fitness Firm Ends Free Delivery and Assembly
January 17, 2022

Peloton customers will pay an extra $250 for delivery and assembly of its Bike and another $350 for its Tread starting Jan. 31 due to inflation and increasing supply chain costs, CNBC reported Sunday (Jan. 16). Get the Full Story Complete the form to unlock...

B2B Payments
Companies Look Beyond Hype, Show Preference for AP Solutions That Work
January 17, 2022

At a time when there’s both an expanding economy and a labor shortage, businesses are finding it difficult to handle the volume of transactions, alongside an increase in manual work. While many are using software, digital tools and automation to get the job done, not...

Retail
‘Reckless Experimentation’ With Tech Will Help Big Retailers Fast-Track Their Digital Transformation
January 17, 2022

At this point of the pandemic, most large brick-and-mortar retail chains have established a functional — albeit basic — digital operation to support their core in-store business. While far from perfect, these online offerings have gone from being lockdown-phase necessities to transformative gateways that will...

Cross-border Payments
Localized Payments Are the Gift That Keeps on Giving for Global Merchants
January 17, 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...

Investments
D2C Brands Working Capital Alternatives Not Just for Startups Anymore
January 17, 2022

Like Main Street small- to medium-sized businesses (SMBs), upcoming consumer brands are continuing to prove their creativity, grit and acumen in the face of a malingering pandemic. Unfortunately, access to financing remains a major hurdle to entrepreneurs passionately pursuing their ideas. Get the Full Story...

Banking
Investors Wary of Future Big Bank Profits
January 16, 2022

Big U.S. bank bosses have been optimistic about the economic outlook as of this past week, but investors have been skeptical of the growth outlook, Reuters reported Friday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...