Companies have begun dipping into the cash supplies they built up when the pandemic began, using that money for acquisitions, buybacks and buying inventory to deal with supply chain backlogs. But as The Wall Street Journal (WSJ) reported Friday (July 15), this spending of cash...
This week in TechREG in Europe, the Middle East and Africa (EMEA), global regulators and several central banks discussed the need for regulating the cryptocurrency space. While the European Central Bank (ECB) urged a quick implementation of the new European Union rules on crypto, the...
FinTech disintermediation has innovated and improved the banking experience, but new research shows that consumers are tired of managing these services as separate relationships, with nearly half saying they would prefer to have more of them bundled by one financial institution (FI). That’s a huge...
As Amazon was busy handling 100,000 transactions per second at its eighth and biggest Prime Day sales event this week, it was Just Another Tuesday for rival Walmart which is two years into an omnichannel shift that will convert its 4,700 physical stores into rapid delivery micro-fulfillment centers. This,...
A sweeping increase in prices paired with a modest dip in the cost of gasoline combined to deliver a 1% advance in June retail sales, reversing a prior-month slump while also showing continued resilience and financial creativity on the part of cash-strapped consumers. Officially, the...
This week in TechREG, state regulators have been very active proposing new regulations and taking enforcement actions. California probed several crypto lenders for suspending withdrawals and transfers as this may violate the law. The same state also announced that public comments for its new privacy...
Canadian athleisure brand Lululemon isn’t letting its vow to expand its empire into menswear slow down its focus on its original core. The company will unveil the Lululemon Chargefeel, a women’s training sneaker with a dual-density foam layering system, later this month, Footwear News reported....
Spend management platform Airbase announced Friday (July 15) it has secured $150 million in debt financing led by Goldman Sachs. According to a news release emailed to PYMNTS, the funding will allow Airbase to expand its charge card program to a growing customer base. “Demand...
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...
