News

Investments
SPAC Birthed From LVMH + Former UniCredit CEO 
February 15, 2021

LVMH’s Bernard Arnault — the richest man in Europe — is collaborating with former UniCredit CEO Jean Pierre Mustie to launch a special purpose acquisition company (SPAC) for European financial company investments, the Financial Times (FT) reported on Monday (Feb. 15). Get the Full Story...

Merchant Innovation
B2B Fashion Marketplace Taps New Sales With Virtual Trade Shows
February 15, 2021

The concept of the B2B marketplaces is nothing new — in fact, it’s an idea that had its roots in the late 1990s and early 2000s when Ariba and Commerce One and many others took a shot at organizing buyers and suppliers online for the...

Retail
Thinking Outside The Chocolate Box For Valentine’s Day 2021
February 13, 2021

There are a lot of ways to quantify what a weird Valentine’s Day 2021 will shape up to be — but instead of using numbers, charts, graphs and the insightful opinion of various experts, we can do it in a single word this year: Get...

Security & Fraud
FTC Tosses Payday Lender From Industry, Frees Debtors
February 12, 2021

An online payday lending scheme operating under several different names was banned from the industry and debts owed to it wiped from the books, the Federal Trade Commission (FTC) said in a press release. Get the Full Story Complete the form to unlock this article...

International
Oyo Hotels Cuts Staff In Latin America, Pivots To Other Markets
February 12, 2021

Oyo Hotels & Homes is taking a step back from its Latin America market as the COVID-19 pandemic continues to decimate travel across the globe, The Wall Street Journal reported Friday (Feb. 12). Get the Full Story Complete the form to unlock this article and...

Partnerships / Acquisitions
Equifax Completes Purchase Of Kount
February 12, 2021

Equifax has closed on its purchase of fraud prevention and digital ID firm Kount following the Jan. 8, 2021, announcement of a definitive deal to acquire the company, according to a press release. Get the Full Story Complete the form to unlock this article and...

Retail
P&G, Other CPG Firms Downplay D2C In Recent Earnings Calls
February 12, 2021

After three weeks of earnings calls from major consumer packaged goods (CPG) companies, one of the industry’s hottest trends was conspicuous in its absence: direct to consumer (D2C). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
UK’s CMA Warns Lastminute.com Of Legal Action Over Vacation Refunds
February 12, 2021

Switzerland-headquartered global online travel booking platform Lastminute.com could be facing legal action from the U.K.’s Competition and Markets Authority (CMA) over missing the refund deadline for canceled vacations.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

News
Today In Payments: Figure Sets Up Blank-Check Firm To Advance Blockchain Lending; Affirm Hits 4.5M...
February 12, 2021

In today’s news, Figure set up a SPAC to raise $250 million, and Affirm reported solid growth in 2020 in its first earnings call. Plus, BNY Mellon launched a digital asset platform, the first global financial institution to do so. Get the Full Story Complete...