Even as the economy has recovered, inflation and other economic pressures are continuing to create problems for businesses’ cash flow. Sixty percent of all businesses surveyed said cash flow is a top concern in the current business climate. Supply chain delays add to the problems and create an advantage for businesses...
The U.S. Chamber of Commerce filed a lawsuit against the Federal Trade Commission (FTC) seeking information about its decision making processes. “The FTC is pursuing an aggressive agenda with far-reaching implications for American businesses and the economy. It is bypassing longstanding norms to expansively regulate...
Consumers have grown to expect seamless and innovative payment experiences, and FinTechs are delivering. But they also face competition as financial institutions (FIs) and even device manufacturers such as Apple innovate how consumers can send and receive funds. To stay competitive, FinTechs must develop an...
The banking industry is undergoing a pandemic-fueled digital transformation that is reshaping how businesses of all sizes operate. The global health crisis forced companies to embrace digital channels in record numbers. Although lockdowns have ended and many people have returned to the office, the embrace...
Marcell King, chief innovation officer at Paymentus, told PYMNTS in an interview that speed is top of the list when it comes to consumers’ expectations about payments. “The speed of money movement has become much more critical,” he said. At a high level, the most...
For the FinTech IPO names, now comes the true test. Earnings season. Wednesday, JPMorgan signaled that the U.S. remains in good shape, in terms of credit and propensity to spend. But macro headwinds loom, which have spurred the banking giant to boost its reserves. And...
Chinese fast fashion giant Shein is reportedly planning to do an initial public offering (IPO) in the U.S. soon — possibly by 2024, according to media reports Thursday (July 14). That comes as there’s been growing concerns about environmental, social and governance (ESG) responsibilities, which...
Today in B2B payments, Clair and Criterion partner to offer on-demand pay, while TurnKey Lender names a new board chairman and raises $10 million. Plus, Zuora and BNP Paribas partner on usage-based equipment services. Digital Banking Platform Clair, Criterion Team to Offer On-Demand Pay Clair,...
Activist investor Elliott Management has accumulated a 9% stake in social media platform Pinterest and is reportedly in talks to further boost that position The Wall Street Journal reported Thursday (July 14), citing unnamed people familiar with the talks. According to the report, Elliott is...