News

Regulation
Ireland’s Data Watchdog Fines Facebook’s WhatsApp $267M
September 02, 2021

Facebook’s WhatsApp was slapped with a record $267 million (€225 million) fine by Ireland’s Data Protection Commission (DPC) for violating the European Union’s (EU) data privacy regulations, CNBC and other news outlets reported on Thursday (Sept. 2). Get the Full Story Complete the form to...

B2B Payments
Funding Circle Debuts BNPL FlexiPay Option
September 02, 2021

Small business loan platform Funding Circle announced the debut of its first payments facility, FlexiPay, in a Thursday (Sept. 2) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Walgreens Promotes Financial Health With Scarlet Card
September 02, 2021

Walgreens has joined forces with the payments technology company InComm Payments to launch Scarlet, a bank account and debit card available exclusively at its drugstores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Loyalty & Rewards
Burger King to Roll Out Rewards Nationwide as Brands Compete with Aggregators for Customer Loyalty
September 02, 2021

Seven months after launching the initial pilot, loyalty latecomer Burger King announced Thursday (Sept. 2) that it is rolling out its rewards program nationwide. Before the end of the month, consumers will be able to earn points (“crowns”) through the brand’s Royal Perks program at...

Investments
Cashierless Checkout Provider Zippin Lands $30M
September 02, 2021

Zippin announced Thursday (Sept. 2) it has raised $30 million in Series B funding, bringing its overall total to more than $45 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Retailers Fight Theft Rings That Steal and Resell Goods Online
September 02, 2021

When finding deals online at a lower cost than in-store, it could mean eCommerce sellers are peddling stolen goods, according to a Thursday (Sept. 2) report in The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Amazon, Walmart See Sliding Shares of Apparel as Style Returns to the Forefront
September 02, 2021

Both Amazon and Walmart have seen their shares of the clothing and apparel category slowly slip for two quarters in a row, as consumers have begun returning to more stylish and trendy retailers that they favored prior to the pandemic in order to refresh their...

IPO
Cazoo’s Public Markets Debut Echoes the Revving Engines of Car eCommerce
September 02, 2021

The platform economy is taking shape around the globe — it has wheels, you might say. To that end, Cazoo, the U.K.-based online platform focused on buying and selling cars, went public at the end of last week on the NYSE, having completed its business combination...

Retail
American Eagle Sees Record-Breaking Q2 Despite Drop in Digital
September 02, 2021

American Eagle Outfitters saw its revenue jump 35% to a company-record $1.19 billion in the second quarter of fiscal 2021, up $311 million from Q2 of 2020, riding higher full-priced sales, reduced promotions and controlled costs to a three-month peak for the company. Get the...