Goldman Sachs said Thursday (Aug. 4) it is cooperating with an investigation by the Consumer Financial Protection Bureau (CFPB) into its credit card business. In a regulatory filing Thursday, the investment banker said the CFPB probe was looking at Goldman’s “credit card account management practices,...
Earnings are rolling in, and for the FinTech IPO group, a relief rally may be in the works. To that end, the FinTech IPO Index was up 8.8% on the week, driven by double-digit percentage point gains for several names tracked by PYMNTS. Just a...
Digital-first home healthcare company Cera has raised $320 million in equity and debt funding, which will allow the London-based company to expand its tech-enabled health services from 15,000 to 100,000 at-home patients per day. Existing investor Kairos HQ led Cera’s fundraising effort, which also saw...
The digital shift in B2B — and specifically the way small and midsized businesses (SMBs) pay and are paid — now comes full force to Wall Street. To that end, Plastiq Inc., the B2B payment platform focused on SMBs, said it had entered into an agreement to...
It is never a good sign when the nation’s largest private employer says it’s cutting jobs at headquarters, especially in an economic environment — and industry — that is on high alert for bad news. But as much as Walmart’s decision to lay off workers...
We’ve learned more about how to sell anywhere under any conditions in the past two years than in the prior 20, and more of that learning is appearing in the field as merchants turn to forms of conversational and embedded commerce to capture sales in...
YETI’s stock price was down almost 20% in early trading Thursday (Aug. 4) after the company reduced its fiscal 2022 forecast, despite seeing revenue growth in the 15% to 17% range in the three months ending July 2. The company’s sales were up 17% year...
Home goods eCommerce marketplace Wayfair lost about 25% of its customers in the past year and saw its deliveries drop almost 30% in the second quarter compared to the same time a year earlier, a reflection that people are thinking twice about home-based updates. According...
CommerceIQ has added Revenue Recovery Automation software to its Retail Ecommerce Management Platform, enabling brands to automate recovery of shortages and chargeback deductions from their eCommerce business on Amazon. Errors in shortages and chargebacks could be costing companies between 1% and 5% of their total...
