News

Investments
UK Digital Bank Zopa Raises $85 Million for Expansion and GenAI
December 06, 2024

British digital bank Zopa has raised 80 million euros (about $85 million) in an equity funding round to accelerate its growth and launch new products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Payment Methods
The Secret to High Global Conversion Rates? Understanding Local Payments
December 06, 2024

Consumers decide which payment methods are successful and drive market trends. Regardless of the market, the use case or their locations, their preferred payment methods are defined by the ease of the execution process at their merchant of choice. Merchants, of course, want to be...

Retail
Walmart’s Gains in Premium Market Shake Up Holiday Sales
December 06, 2024

Following a strong Black Friday and Cyber Monday, both Walmart and Amazon reported record-breaking sales, with their platforms seeing growth from third-party sellers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Fintech Investments
nCino’s Weak Guidance Sends FinTech IPO Index 1.6% Lower
December 06, 2024

The broader tech-heavy NASDAQ was 1.1% higher through the last five sessions, while the Dow hit a record before backing off a bit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
CFPB Files Proposed Settlement With Student Lender Climb Credit
December 05, 2024

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order for settling its lawsuit against student lender Climb Credit and its investors, including 1/0. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB Ombudsman’s Office Fields Record Number of Inquiries in FY2024
December 05, 2024

The Consumer Financial Protection Bureau’s (CFPB) Ombudsman’s Office received a record number of inquiries in fiscal year 2024. 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...

B2B Payments
This Week in B2B Innovation: Capturing Opportunity Across an Atypical Landscape
December 05, 2024

Business-to-business (B2B) payments are undergoing a period of upheaval and reinvention. 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...

Payments Innovation
Recent Funding Rounds Signal PayFac’s Rising Star
December 05, 2024

Platforms are rapidly forging their own ecosystems — matching supply and demand, buyers and sellers, sometimes on a global scope. In other cases, they serve specific verticals — for example, hair salons or restaurant delivery — to offer a one-stop shop for a variety of...

CFPB
CFPB Begins Largest-Ever Distribution to Victims in ‘Advance Fee’ Case
December 05, 2024

The Consumer Financial Protection Bureau (CFPB) has begun distributing $1.8 billion to 4.3 million consumers a year after securing a legal judgment saying that companies had violated the Telemarketing Sales Rule’s advance fee prohibition. Get the Full Story Complete the form to unlock this article...