News

Investments
Coast Raises $92 Million to Improve Fleet Management Payments
March 21, 2024

Fuel and fleet spending management firm Coast has raised $92 million in new capital. 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...

Regulation
HFSC Chairman Patrick McHenry Calls for Transparency in Financial Regulation
March 21, 2024

House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) said Thursday (March 21) that the Basel III Endgame proposal and other projects threaten to give global governance bodies authority over American financial regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Walmart Courts Affluence as Wealthier Shoppers Trade Down
March 21, 2024

Walmart is reportedly making a renewed effort to entice wealthier shoppers. 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...

Regulation
FTC Announces April 24 Hearing on Proposed Junk Fees Rule
March 21, 2024

The Federal Trade Commission (FTC) will hold a virtual hearing on April 24, allowing interested organizations to provide oral statements on the agency’s proposed rule to prohibit junk fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
FDIC Proposes Revisions to Statement of Policy on Bank Mergers
March 21, 2024

The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Pandion Raises $41.5 Million to Expand Residential Parcel Delivery Network
March 21, 2024

Pandion has raised $41.5 million in a Series B funding round to expand its residential parcel delivery network designed for eCommerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Delivery
DoorDash, Alphabet-Owned Wing and Wendy’s Launch Drone Delivery in Virginia
March 21, 2024

DoorDash and Alphabet-owned Wing have brought their drone delivery pilot program to the United States. 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,...

Cross Border Commerce
Can Payments Innovations Solve U.S. Merchants’ Top 5 Cross-Border Challenges?
March 21, 2024

With Wednesday’s (March 20) announcement about Visa’s expanded partnership with LemFi, the focus is on cross-border payments. The cross-border payments landscape itself is a dynamic and fragmented one, full of unique local frictions that present a number of obstacles to foreign businesses looking to capture market share outside of...

Retail
Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
March 21, 2024

As retailers look for new ways to save on labor, the disadvantages of going all in on self-checkout are coming to light, with Five Below the latest to pull back on the technology. Get the Full Story Complete the form to unlock this article and...