News

Retail
Ex-Walmart US CEO Bill Simon Says Retailer Won’t Keep Affluent Shoppers
May 17, 2024

Walmart shouldn’t count on keeping the affluent customers it has recently gained, the retailer’s former U.S. CEO Bill Simon said Thursday (May 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cross-border Payments
How Compliance Is Shaping the Future of Cross-Border Payments
May 17, 2024

There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. 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....

Social Commerce
Uber Integrates Social Commerce Into Marketplace as Shoppers Seek Peer Recommendations
May 17, 2024

As consumers increasingly look for guidance from trusted friends and content creators to inform their shopping, Uber is integrating a social element into its Eats platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Amazon, Walmart Aim to Retain Lower-Income Shoppers Amid Luxury Push
May 17, 2024

Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard not to lose their lower-income customers in the process. Get the Full Story Complete the form to unlock this article...

Fintech Investments
FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead Platforms Higher
May 17, 2024

Call it the week of the platform. 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...

B2B Payments
Avidbank Taps CorServ to Launch New Commercial Credit Card Program
May 16, 2024

California-based Avidbank has tapped CorServ to help launch a new credit card program for the bank’s commercial customers. 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,...

B2B Payments
This Week in B2B Innovation: Globalization, Digitization and Better Payments 
May 16, 2024

The B2B landscape is built atop a foundation of innovation designed to meet business needs. 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,...

Investments
Aeropay Raises $20 Million for Pay-by-Bank Offering
May 16, 2024

Digital payments company Aeropay has raised $20 million in new financing. 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,...

CFPB
Supreme Court Ruling on CFPB Paves Path for Open Banking
May 16, 2024

Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of history. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...