News

B2B Payments
Voice of the CFO: Inflation Keeps Companies’ Eyes Glued to Top-Line Metrics
August 02, 2022

One of the many habits broken by of the pandemic was the monthly ritual of mailing off a rent check every month. Because there wasn’t anyone at the leasing office to receive those checks, scan them and deposit them, renters and property management companies alike...

Retail
Pinterest Q2 Eclipsed By New CEO’s Plan to Monetize Mix of Social, Search and eCommerce
August 02, 2022

One month into his new role and Pinterest CEO Bill Ready was given a rousing 20% ovation from Wall Street Monday after the former PayPal and Google executive told investors he planned to unlock and monetize the ailing social media company’s unique potential. In delivering...

Payments Innovation
Rising Decline Rates Increase Merchant Interest in Payments Orchestration
August 02, 2022

Two-thirds of adults around the globe now leverage digital payments on a regular basis, including 57% of consumers in developing countries. Offering these digital payment options smoothly and seamlessly is easier said than done, however, with a seemingly endless array of complications in processing these...

Cross-border Payments
As Remote Work Goes Global, Paying Workers Gets Complex
August 02, 2022

As the idea of a permanently remote workforce gains acceptance after two years of COVID-enforced telecommuting, it isn’t exactly surprising that companies that started looking for talent beyond their own offices and cities are now looking beyond their own borders. According to PYMNTS’ “Cross-Border Payroll...

Cross-border Payments
ClickBank CFO: Localized Payments, Streamlined FX, Key to Global Expansion
August 02, 2022

At first glance, eCommerce platforms are made for the global economy. They are extensible, cross borders and rely on digital means to bring buyers and sellers together to get goods displayed, advertised and available on a worldwide stage. But behind the browsing and the buying...

Loyalty & Rewards
Receipt Data Bridges Loyalty Gap for Savvy Retailers and Banks
August 02, 2022

A common definition of loyalty “is a strong feeling of support or allegiance.” It’s an apt description of what businesses seek to gain from investments in loyalty programs, but many miss the mark and fail to garner stronger consumer affinity — often due to a...

Banking
TD Bank Reportedly Close to $1B Deal for Investment Bank Cowen
August 01, 2022

Toronto-Dominion Bank (TD Bank) is close to a deal to buy investment bank Cowen for $1 billion, sources told The Wall Street Journal. The report notes that buying Cowen would give TD Bank a larger presence in investment banking as well as in the U.S.,...

Delivery
Inflation-Hammered Food Delivery Expected to Drag Uber’s Earnings
August 01, 2022

Uber’s food-delivery business should show strain from the historic inflation hammering the U.S. when the company posts its quarterly earnings this week. As Reuters reported Monday (Aug. 1), analysts expect the company to report second-quarter revenue of $7.39 billion, an 88.2% increase from the second...

Security & Fraud
FTC Fines Opendoor $62M for ‘Misleading Claims’ About Home-Buying Service
August 01, 2022

The Federal Trade Commission on Monday (Aug. 1) fined online home buying firm Opendoor Labs $62 million, saying it must stop cheating potential home sellers by tricking them into thinking that they could make more money selling their homes to Opendoor, according to an FTC...