News

eCommerce
For Buying, Selling and Financing, MEA Auto Markets Turn to Digital Platforms
September 27, 2022

In the September edition of the Expanding Payments Choice Playbook series, PYMNTS discusses the importance of end-to-end digital car buying, a mode of auto sales in which not only can consumers buy their automobiles online, but they can also access financing, rewards schemes and receive...

Retail
Christie’s Adds Streetwear Unit to Sell $1M Air Jordans
September 27, 2022

Art and luxury business Christie’s is launching a new department devoted to sneakers, streetwear and sports collectibles — such as a pair of sneakers worn by Kanye West during a performance at the Grammy Awards. The new department will hold both online auctions and private...

Faster Payments
US Real-Time Payments Transactions Seen Quadrupling to 8.9B in 2026
September 27, 2022

Digital payments have become table stakes around the world, with more than $6.6 trillion in digital transactions taking place last year and this sum expected to hit $10.5 trillion within the next four years. These payments are often much slower than other digital facets of...

Payment Methods
Marketplace Model Provides POS Credit Pipeline to Retailers in Tough Times
September 27, 2022

Products like buy now, pay later (BNPL) have retrained consumers to expect fast credit decisions — ideally in their favor — at the point of sale, whether online or in-store and that expectation now extends to all forms of nontraditional consumer lending. At the same...

Investments
Robinhood Offering Gold Members Up to 3% Interest on Brokerage Cash 
September 26, 2022

Online broker Robinhood is upping the interest rate it pays to Gold members on uninvested cash held in brokerage accounts. Through Robinhood’s brokerage cash sweep program, Gold customers now earn 3% interest on uninvested funds retained in accounts, compared to 1.5% for non-gold users, according...

B2B Payments
Modern CFOs ‘Almost Like Mini-CEOs’ as Job’s Scope Expands
September 26, 2022

Today’s chief financial officers (CFOs) are often expected to add value to any aspect of the business, partner with the CEO and be ready to step into the CEO’s shoes if necessary. “As I’ve seen the CFO evolution, more and more businesses are looking for...

Digital Banking
Bank of America’s CashPro App Adds QR Code, Biometrics to Ease Sign-In
September 26, 2022

Companies that use Bank of America’s CashPro digital banking platform for payments, cash management and trade finance operations can now sign in to the website on their mobile device by using the CashPro App to scan a QR code and their biometrics. With the launch...

Investments
VC Firm Point Nine Raises €180M to Back B2B Marketplaces, SaaS
September 26, 2022

German venture capital firm Point Nine, which backs companies including Delivery Hero, Revolut and Typeform, has raised €180 million in a new seed fund to support business-to-business (B2B) marketplaces and software-as-a-service (SaaS) startups, a report from Sifted said Monday (Sept. 26). Point Nine’s strategy is...

B2B Payments
Today in B2B Payments: New Solutions Tackle Alcohol Sales, Email Inboxes
September 26, 2022

Today in B2B payments, iControl and MarginEdge partner to help solve the problems restaurants face when buying and selling alcohol, while Auditoria.AI introduces smartbots that help companies run their helpdesks. Plus, Berlin-based startup Workist raises about $8.7 million to help automate B2B transactions. iControl, MarginEdge...