News

Security & Fraud
PYMNTS Crime Series: Another Day, Another Nine-Figure Crypto Hack
February 03, 2022

Welcome to PYMNTS’ series on crypto crime. In it, we’ll be looking at the crimes that have not only been committed in the cryptocurrency industry but have defined it — especially bitcoin — in many people’s minds. Get the Full Story Complete the form to...

Faster Payments
ACH Network up to 29.1B Payments Valued at $72.6T in 2021
February 03, 2022

The modern ACH Network saw “significant growth” in 2021, processing 29.1 billion payments totaling $72.6 trillion, while same-day automated clearing house (ACH) payment volume was up 74% last year, according to new data from Nacha released Thursday (Feb. 3). Get the Full Story Complete the...

Retail
From Roblox to Red Sox, 55-Year-Old Ralph Lauren Is Reinventing Itself
February 03, 2022

The Winter Olympics may be crimped by COVID and shrouded in controversy, and Facebook’s metaverse ambitions facing a brutal attack, and yet, designer-retailer Ralph Lauren is riding high — even though it has ties to both. Get the Full Story Complete the form to unlock...

Regulation
Regulators Find Europe’s AdTech Sector Broke Privacy Rules
February 03, 2022

Following years of investigation, a European national authority has ruled that the region’s AdTech industry has violated privacy regulations.  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...

Retail
Estee Lauder Sees Online Potential Amidst Brick-and-Mortar Recovery
February 03, 2022

Estee Lauder credited the reopening of most of its brick-and-mortar stores for its financial success in the second quarter of fiscal 2022, but pointed to the growth of its online presence for continuing to sustain the company during the ongoing pandemic, according to a Thursday...

Retail
Is GameStop’s New NFT Marketplace Diversification or Distraction?
February 03, 2022

GameStop Corp. on Thursday (Feb. 3) announced it has partnered with Australian blockchain startup Immutable X Pty Limited to create a fund worth up to $100 million in Immutable X’s IMX tokens, which will used to create non-fungible token (NFT) content and technology. Get the...

Regulation
Regulators Ordered Tesla to Fix Malfunctioning ‘Full Self-Driving’ Software
February 03, 2022

Nearly 54,000 Tesla vehicles came to a complete stop last week after the electric car maker discovered a software malfunction, according to documents filed by the California-based manufacturer with federal regulators. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
UK Professor: Digital Platforms Can’t Be Regulated Like Traditional Utility Networks 
February 03, 2022

In “Regulating Digital Platforms: Business Models, Technology Architectures, and Governance Rules,” Panos Constantinides, of the University of Manchester compares digital platforms with traditional utility networks (i.e. water, electricity) to find out if some of the lessons learned when these natural monopolies were regulated in the...

Retail
Investors, Retailers Wildly Disagree Over Fate of Battered eCommerce POS Companies
February 03, 2022

It seems there’s no middle ground these days when it comes to the payments and point of sale system providers space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...