News

Regulation
Robinhood Hit With Record $57M FINRA Fine + $12M Restitution
June 30, 2021

Robinhood Financial LLC was hit with a record $57 million fine and also ordered to pay $12.6 million in restitution plus interest, according to a Wednesday (June 30) press release from the Financial Industry Regulatory Authority (FINRA). Get the Full Story Complete the form to unlock this...

Mobile Commerce
Nordic Banks Strike Deal To Merge Three Mobile Payments Apps
June 30, 2021

Denmark-based Danske Bank, which operates MobilePay, has reached an agreement with OP Financial Group in Finland, which owns Pivo, and the Norwegian banks behind Vipps to merge their mobile payment services to become one of the biggest bank-owned mobile payment providers in Europe. Get the...

Retail
Bed Bath & Beyond Sees Progress In Brand Transformation
June 30, 2021

Home goods retailer Bed Bath & Beyond recorded its fourth consecutive quarter of comparable sales growth on Wednesday (June 30) as the company tries to reposition itself as a “digital first, omni-always” brand. Get the Full Story Complete the form to unlock this article and...

Retail
Connected Fitness Competition Grows For Peloton
June 30, 2021

As summer begins and people look to shed their pandemic weight gain, connected fitness companies are ramping up — and when Pitbull gets involved, it’s bound to be a party. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Art Collecting Goes Digital As New Generation Comes Of Age
June 30, 2021

Like virtually every market in 2020, art collecting saw a digital expansion last year, a seismic shift for consumers and artists accustomed to stuffy galleries, auctions and in-person experience that could upend decades-old ways of doing business. Get the Full Story Complete the form to...

IPO
Deluge Of IPOs Could Be Hitting Some Speed Bumps
June 30, 2021

In investing, themes matter – but painting those themes with too broad a brush can prove costly. 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...

Retail
Walmart Strikes Deal With Ibotta To Roll Out Digital Offers
June 30, 2021

Walmart and cashback rewards platform Ibotta have struck a deal to develop and roll out a new digital offers program on Walmart’s website and app. The retailer’s customers will be able to get cash rebates on merchandise with the new program, according to an announcement...

Retail
eCommerce Tech Platform Shogun Lands $67.5M
June 30, 2021

Shogun, an online shopping tech platform that aims to democratize headless commerce, has notched $67.5 million in an Insight Partners-led Series C round. The round, which brings the firm’s overall funding to $114.5 million, also saw the participation of VMG Partners, Accel and Initialized Capital, according...

B2B Payments
The Advantage Of Moving B2B Procurement To The Cloud
June 30, 2021

Procurement is due for a digital makeover — away from manual processes as well as paper-based communications and payments. 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...