China’s B2B cross-border eCommerce marketplace DHgate partnered with Google to launch a joint advertisement solution for the 2.3 million exporters selling on its marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
American Express’ pitch to business customers that using an AmEx card to pay employees and suppliers turned out to be built on a flawed premise that generated billions for the company but cost customers because of “a shaky interpretation of how tax law treats rewards...
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Crypto payments infrastructure provider MoonPay Inc. has generated $555 million in an all-equity Series A funding round, driving the 2-year-old company’s valuation to $3.4 billion, according to a Monday (Nov. 22) press release. The funding round was led by Tiger Global Management and Coatue, with contributions...
TheDrop.com, a youth lifestyle marketplace platform, has raised $4.6 million through a Series A funding round, bringing the company’s total funding to $8.5 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The U.K. Payments System Regulator (PSR) is requiring repayment to victims of authorized push payment (APP) fraud after more than 350 million pounds ($469 million) were swiped in the first half of 2021, according to a Thursday (Nov. 18) report from Computer Weekly. Get the...
Target is keeping its stores closed permanently on Thanksgiving Day, according to an Associated Press report on Monday (Nov. 22), indefinitely extending a practice that started when the ongoing spread of the COVID-19 pandemic caused retailers to change the way they approach the unofficial kickoff...
Retail aggregation firm Authentic Brands Group has scrapped its plans for an initial public offering (IPO) and will sell stakes to private equity firm CVC Capital, hedge fund HPS Investment Partners and a group of existing stakeholders at a $12.7 billion valuation, according to a...
For decades, consumers have sought the hottest and trendiest apparel items to show off their tastes to the world, and as the metaverse continues to increase in prominence, brands are betting those fashion preferences will transfer to virtual personas even when no physical items are...
