News

News
NYC Raises Food Delivery Driver Minimum Wage in Ongoing Aggregator Tug-O’-War 
June 13, 2023

As aggregators, consumers, gig drivers and restaurants alike struggle to make the economics of on-demand food delivery work out in their favor, New York City is throwing its weight behind drivers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payment Methods
To Boost Merchant Offerings payabl Debuts Omnichannel POS Tool
June 13, 2023

Payment technology firm payabl. has debuted a point-of-sale solution that lets merchants accept online and offline purchases from one terminal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Corcentric Raises $315 Million Credit Facility to Grow Procurement Solution
June 13, 2023

Procurement and billing solutions firm Corentric has raised $315 million in capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Investments
Discover Debuts $36 Million Fund for Startups Focused on Financial Health
June 13, 2023

Discover Bank has launched a fund to support startups working to improve people’s financial health. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Investments
Voima Closes $97 Million Science-Based Venture Fund for Tech Startups
June 13, 2023

Finland’s Voima Ventures has closed a $97 million fund to support deep tech firms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Retail
Louis Vuitton Channels Hermes by Creating Neverfull Bag Waiting List  
June 13, 2023

Is Louis Vuitton luxury? Depends who you ask and what products you’re looking at. With that even a question among luxury consumers, Louis Vuitton is taking a page out of the Hermès playbook to reclaim its luxury status through one its most sought-after bags, the...

Retail
Nike Reverses Course to Reestablish Wholesale Partnerships and Expand Retail Presence
June 13, 2023

Nike has been steadfast in its commitment to direct-to-consumer (D2C) efforts since 2017, which led to a reduction in its retail partnerships. However, the sportswear giant is now changing its tune, not because its prioritization efforts have failed, but because it’s looking to add some...

Artificial Intelligence
CEO Pichai Says Google Takes Cautious Approach to AI
June 13, 2023

Google CEO Sundar Pichai said the artificial intelligence (AI) race is a marathon, not a sprint. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Retail
Retailer Return Policies May Put Future Sales at Risk
June 13, 2023

Despite the shopping feature’s popularity, merchants keep tightening requirements for returns.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...