News

Digital Banking
Open Banking Series: Market-Driven vs. Regulatory-Driven
December 22, 2021

Today, in TechREG, we start a series of articles about open banking and its regulatory challenges and opportunities. In this article, we explain the two main policy approaches to open banking, and we include a prediction of which one is likely to have more followers...

B2B Payments
Forget the ‘Final Mile’, Digitization Brings Efficiencies to Supply Chain’s ‘First Mile’
December 22, 2021

Supply chain has certainly been in the forefront lately. One part of that chain is what Factor calls the “first mile” — the processes that move something from theoretical design to physical product. This includes sourcing, scheduling, following up on order status, enforcing order terms...

Retail
CarMax Sales Set Quarterly Record, Buybacks Blow Away Previous High
December 22, 2021

Used car retailer CarMax, Inc.’s retail and wholesale sales shot up almost 30% in the third quarter of fiscal 2022, largely because of increased consumer demand for buying their vehicles online as well as improved inventory and staffing levels and better vehicle sources from consumers....

Delivery
Delivery Hero Leaves German Cities and Japan, Citing Competition, Driver Shortages
December 22, 2021

Delivery Hero’s Foodpanda unit will exit six German cities — Cologne, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart — and sell its Japanese Foodpanda division in the first quarter of next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Zebra Technologies Invests in Returns Tech Company Optoro
December 22, 2021

Retail and logistics technology platform Optoro, Inc. on Wednesday (Dec. 22) closed a $25 million strategic funding round led by enterprise solution platform Zebra Technologies Corporation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
PPP Loan Fraud Shows the Lures and Risks of Quick Onboarding
December 22, 2021

The old saying goes: Faster payments make for faster fraud. 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...

International
Indian Tax Officials Raid Chinese Mobile Companies 
December 22, 2021

India’s Income Tax Department is carrying out a widespread crackdown on Chinese mobile companies, conducting searches at their Indian headquarters.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
Europe Needs New Rules to Be Global Leader in Payments, Says EU Commissioner
December 22, 2021

EU Commissioner for Financial Services Mairead McGuinness delivered a speech in November at the annual conference of the European Payment Institutions Federation that encapsulated the EU payment strategy for the coming years, starting in the first half of 2022. Get the Full Story Complete the...

Banking
Deep Dive: How FIs Can Tap APIs to Meet SMBs’ Shifting Banking Needs
December 22, 2021

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...