News

Retail
Physical Retail Recovery Rocks on With Better Omnichannel Experiences Powered by Digital Tech
January 20, 2022

In the thick of summer 2020 lockdowns, Karen Webster wrote this: “It isn’t as if the physical world is irrelevant to [shoppers], but their interactions in it are different now. The consumer’s expectations of those experiences are now different, too — they are digital-first, with...

Investments
Lean Nets $33M to Expand 3rd-Party Real Time Payments in MENA
January 20, 2022

Sequoia Capital India has made its investment debut in the Arab Gulf by leading a $33 million Series A funding round for Lean Technologies, CNBC reported on Thursday (Jan. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Faster Payments
ACI Worldwide Teams with Banks to Integrate UAE’s Instant Payments
January 20, 2022

Real-time digital payment software provider ACI Worldwide is helping banks connect to the United Arab Emirates’ (UAE) Instant Payments Platform (IPP) expected to roll out in October, according to a press release on Thursday (Jan. 20). Get the Full Story Complete the form to unlock...

Regulation
South Korea’s Financial Regulator Pledges Fewer Restrictions on FIs to Invest in FinTechs
January 20, 2022

The head of South Korea’s financial regulator told FinTech executives Thursday (Jan. 20) that he plans to lessen regulations on financial institutions’ investment in the sector to increase support for the fast-growing industry, The Korea Herald reported. Get the Full Story Complete the form to...

Regulation
Metaverse May Pose New Competition Challenges, Says EU Antitrust Chief
January 20, 2022

The European Union’s competition commissioner has called for the metaverse to face more scrutiny. 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...

Retail
Luxury Retailers Defy Slump, as Full-Price Sales Reflect Pent-Up Demand
January 20, 2022

It may be Men’s Fashion Week in Paris right now, but for the rest of the retail world, it’s looking a lot more like luxury retail season. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
PYMNTS Crypto Crime Series: The $612 Million Heist That Wasn’t
January 20, 2022

What kind of thief gives back $612 million a few days later, saying it was all a prank aimed at showing how poor his victim’s security system is? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Merchant Innovation
H&R Block Debuts Spruce Mobile Banking to Help Consumers With Personal Finance
January 20, 2022

Hoping to help combat economic stress and support financial well-being, H&R Block is debuting a mobile banking platform called Spruce, the company announced Thursday (Jan. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
US Retailers May Face an Uphill Road To Challenge Visa, Mastercard Swipe Fees 
January 20, 2022

U.S. retailers, via the Merchants Payment Coalitions, have sent a letter to the Federal Trade Commission (FTC) and the Department of Justice (DoJ) on Wednesday urging regulators to investigate credit card fees.  Get the Full Story Complete the form to unlock this article and enjoy...