News

Security & Fraud
Security Breaches Underscore Questions on Open Banking’s Data Liability  
October 04, 2021

The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as strong as its weakest link. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Last-Mile Lender Progcap Closes $30M Series C Funding Round
October 04, 2021

Last-mile FinTech lender Progcap closed a $30 million Series C funding round led by existing investor Tiger Global Management and new backer Creation Investments, with additional participation from Sequoia Capital India, according to a press release on Monday (Oct. 4). Get the Full Story Complete...

Partnerships / Acquisitions
Grab Grabs 90 Pct OVO Digital Wallet Stake From Lippo
October 04, 2021

Southeast Asia’s super app Grab is upping its interest in the Indonesian digital payments startup OVO from 39 percent to 90 percent after buying the stakes of Indonesian conglomerate Lippo, Reuters reported, citing unnamed sources. Get the Full Story Complete the form to unlock this...

Retail
Dollar Tree Increases Price Point Due to Prolonged Supply Chain Issues
October 04, 2021

When Dollar Tree last week said it would begin rolling out price points above $1 on more items, executives said it was meant to help the retailer introduce new products and meet more customer needs — which, in today’s reality, means the buck isn’t strong...

Retail
Nordstrom Adds Cuvée Beauty Haircare Products
October 04, 2021

Luxury haircare brand Cuvée Beauty on Monday (Oct. 4) said it has signed a retail distribution deal that will bring its “low-maintenance” products into all Nordstrom stores across the U.S. and to the high-end fashion retailer’s website. Get the Full Story Complete the form to...

Retail
Amazon Adds Address-Free Gifting Feature Ahead of Holidays
October 04, 2021

Amazon on Monday (Oct. 4) debuted a new feature that will allow U.S. Prime subscribers to send gifts to friends and family members without knowing their addresses, instead relying on mobile phone numbers or email addresses to help with delivery. Get the Full Story Complete...

B2B Payments
Tear Down Those Delays: Sluggish Constructions Payments Cost Industry $100B Per Year
October 04, 2021

It’s a harsh fact, but it takes longer for construction and engineering firms to get paid than any other industry in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Two-Thirds of Businesses See Friction From Poorly Integrated Payments Processes 
October 04, 2021

As companies hunt for solutions and technologies that can help streamline B2B payments, consolidating them in a single platform that offers a transparent view of all data has proven to be a time- and money-saving change of choice.  Get the Full Story Complete the form...

B2B Payments
From Multinationals to Remotely-Staffed SMBs, Payroll Compliance Has Never Been More Pressing
October 04, 2021

Payday means different things to different people. For employees, it’s the certainty that their money will appear in their banks. For employers, it’s as much about honoring that contract with staff while also remaining compliant with a range of rules and regulations. Get the Full...