News

Retail
Today in Food Tech: Venmo Comes To Supermarkets; Restaurants Respond To Vaccine Mandates
August 13, 2021

Today in restaurant and grocery tech news, Giant Eagle becomes the first grocery chain in the country to accept PayPal and Venmo payments, while cities across the country begin mandating vaccinations for indoor dining. Plus, Ken Venturi, CEO of prepared foods brand Martha Stewart Kitchen,...

Investments
Chime Now Valued At $25B, Nearing Revolut’s $33B Valuation
August 13, 2021

The valuation for FinTech startup Chime Financial Inc. has swelled to about $25 billion after a $750 million fundraising round led by new investor Sequoia Capital Global Equities that could set the company up for its initial public offering by next year, per reports on...

Regulation
Merchants Call On Fed To Push PINless Routing Rules For Debit Transaction
August 13, 2021

The deadline has passed — and what looms now is whether or not the way debit transactions are done, particularly online, will change. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Martha Stewart Aims To Take On Every Aisle Of The Grocery Store
August 13, 2021

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 communications from PYMNTS and...

Investments
Argentine FinTech Ualá Attains $2.45B Valuation After Investment Round
August 13, 2021

Argentine FinTech Ualá has reached a valuation of $2.45 billion following a $350 million infusion of new private funding, the SoftBank-backed company said Friday (Aug. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
India’s IIFL Finance Teams With BNPL FinBox To Advance Credit Offerings
August 13, 2021

Investment company IIFL Finance is teaming up with buy now pay later (BNPL) startup FinBox to help merchants by offering new digital credit products, IBS Intelligence and others reported on Friday (Aug. 13). Get the Full Story Complete the form to unlock this article and...

Retail
Giant Eagle Grocery Stores Become First In US To Accept PayPal, Venmo
August 13, 2021

The divides between the ways people pay peers, workers and businesses are breaking down, as consumers are increasingly able to use the payment options with which they feel most comfortable wherever they may be. Giant Eagle, a grocery chain that operates 474 stores throughout Pennsylvania,...

Risk Management
Credit Suisse Considers Adding Risk Experts to Board 
August 13, 2021

Swiss bank Credit Suisse said on Friday (Aug. 13) it wants to add two risk experts to its non-executive board in the wake of a pair of recent scandals.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Poly Network Thanks ‘White Hat’ Hacker/Hackers With $500K Reward
August 13, 2021

Cryptocurrency platform Poly Network on Friday (Aug. 13) thanked the so-called “white hat” hacker or hackers who seemed to exploit a vulnerability in the company’s digital contracts and execute a $610 million hack by offering a $500,000 “bug bounty,” according to Reuters. Get the Full...