News

B2B Payments
Embracing New Technology Can Require a Mental Hurdle for CFOs
December 27, 2021

Newly appointed HaystackID chief financial officer Dave Murray’s company was one of the first in the computer forensics industry to go fully remote, meaning it was in a strong position to adapt to the realities of today’s pandemic-afflicted world. Get the Full Story Complete the...

Investments
State-Owned Entities Backing Most of $3.5B for Ma’s Finance Arm Chongqing Ant
December 27, 2021

v, according to reports. 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...

Payments Innovation
Amex: Merchants See Consumer Demand for Digital Payments as Catalyst for Innovation
December 27, 2021

It’s no secret that the coronavirus pandemic has helped to accelerate the shift to digital payments — but surprisingly, the need to transact remotely is not the driving force behind these trends. On the contrary, a lot of data seems to suggest that digital transactions...

Security & Fraud
Tougher Enforcement Gives AML/KYC Tech New Importance
December 27, 2021

Problems around money laundering and tax evasion persist worldwide, and it’s clear that the regulatory landscape designed to prevent them from happening isn’t as robust as it ought to be. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Mastercard: Online Sales Grew 11% , US Retail Up 8.5% This Holiday Season
December 26, 2021

A new Mastercard report released Sunday (Dec. 26) says holiday retail sales were up 8.5% this year for the time between Nov. 1 through Dec. 24. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
India’s Paytm Expands CEO Role To Include Oversight Of Growing Payments Business
December 26, 2021

Digital payments company Paytm has announced that Paytm Lending CEO Bhavesh Gupta has decided to take on leadership for the company’s offline payments division, a report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
UK Retail Foot Traffic Down 45% from 2019 Boxing Day
December 26, 2021

The high infection rates from the COVID Omicron variant have had a dampening effect on the U.K. shopping scene around Christmas weekend, a report from Financial Times said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
Supply Chain Woes Prove a Boon for Cargo Salvage Companies
December 26, 2021

With supply chain problems persisting, unwanted and delayed goods have piled up — including things like rotten red cabbages, beer kegs and dog blankets, according to The Financial Times Saturday (Dec. 25). Get the Full Story Complete the form to unlock this article and enjoy...

Partnerships / Acquisitions
Consumer Surge in Casual Footwear Prompts Crocs to Buy Hey Dude for $2.5B
December 26, 2021

Crocs has said it plans to buy Hey Dude, a privately-owned footwear label, for the price of $2.5 billion, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...