News

Retail
Chanel Hires Leena Nair as Youngest, First Female CEO
December 15, 2021

Chanel has appointed Leena Nair as global chief executive officer, grabbing the company’s youngest and first female CEO after her 30-year tenure at consumer goods group Unilever. She’ll take the helm at the end of January 2022, the Financial Times reported. Get the Full Story...

Retail
D2C Brands Buy Local, Build Local to Ease Supply Chain Woes
December 15, 2021

If you’re young and hip and environmentally aware, chances are you’ve already been introduced to the digitally native furniture startup Floyd, a 7-year-old privately held venture that’s headquartered in Detroit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Data Privacy Concerns Rising in Tandem With Rapid Uptake of Data Aggregators
December 15, 2021

No surprise: In the great digital shift, many consumers have turned to third-party apps to access their financial data. Yet those consumers are less than ideally aware about how the apps actually work — and just what it is that companies are doing with their...

Payments Innovation
Embedding Payments Gives Brands More Control Over Critical Customer Experiences
December 15, 2021

Thanks to the digital shift during the pandemic, more non-financial entities are realizing that they need to own and improve their payments experience to enhance the overall customer experience — but there is a myriad of options to consider. Get the Full Story Complete the...

Investments
Delivery Service Gopuff Gets Funding Boost From Selena Gomez
December 14, 2021

Selena Gomez, singer, actor and entrepreneur, is investing in Gopuff, a grocery delivery firm, Fortune reported. 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...

International
Banking as a Service Gets Boost From EU Creator Economy
December 14, 2021

Embedded banking and banking-as-a-service (BaaS) have been mainly concentrated in the FinTech and financial services domain, but that is gradually changing as non-financial services platforms take the plunge into financial services for the first time. Get the Full Story Complete the form to unlock this...

Biometrics
CLEAR’s Uber Pact a Smart Chess Move With Major Growth Potential for Biometric ID
December 14, 2021

Removing anxiety from transactions is like reducing friction: Better outcomes happen faster. In a new pact sure to reduce stress, save time and create efficiencies, the CLEAR identity app is partnering with Uber for a better end-to-end, door-to-door ride-hailing experience. Get the Full Story Complete...

International
EMEA Daily: Norway’s Visma Acquires Danish Firm Acubiz, JPMorgan’s British Retail Bank Chase Expands Staff
December 14, 2021

In today’s top Europe, Middle East and Africa news, Norway’s Visma acquires Danish expense management solution Acubiz and J.P. Morgan’s British retail bank Chase expands its staff and its product suite. Plus, Klarna teams with GoCardless for its U.S. expansion, the European Union may regulate...

Retail
Peloton Presses on With New Product Development
December 14, 2021

Peloton clarified Tuesday (Dec. 14) that it won’t be curbing the development of new products like a report published by DigiTimes claimed, per a CNBC report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...