News

Retail
Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
July 27, 2024

As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about worst-case scenarios. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
India’s Central Bank Fines Visa Over Payment Authentication
July 26, 2024

The Reserve Bank of India (RBI) said Friday (July 26) that it fined Visa Worldwide Pte. Limited for its use of an unapproved payment authentication solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Fractile Raises $15 Million to Develop New AI Chip
July 26, 2024

U.K. startup Fractile has exited stealth and announced it raised $15 million in seed funding to develop a new artificial intelligence (AI) chip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
UK Crime Agency, Banks Cooperate to Identify Organized Crime
July 26, 2024

The United Kingdom’s National Crime Agency (NCA) and seven U.K. banks are working together to identify and take action against organized crime. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
UK’s FCA Announces Proposals, Rules to Strengthen Capital Markets
July 26, 2024

The United Kingdom’s Financial Conduct Authority (FCA) proposed new rules on publishing a prospectus, raising capital and regulating secondary markets, and finalized new rules on investment research. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Amazon and Walmart Tap Imaging Tech to Improve eCommerce Experience
July 26, 2024

Amazon and Walmart are looking to make the online shopping experience more visual in an effort to boost consumers’ eCommerce engagement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Embedded Payments and Virtual Cards Shift B2B Payment Dynamics to Supplier
July 26, 2024

The rise of business-to-business (B2B) eCommerce platforms is having a big impact on payments as well as buyer-supplier relationships. These online platforms have shifted transactions from paper-based processes and checks to the digital realm, enabling embedded payments to accelerate transactions and facilitate terms for buyers...

Banking
Three Big Shifts for Banking From PYMNTS Intelligence’s Embedded Finance and BaaS Report
July 26, 2024

As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the industry, pushing banks to adapt or risk being outpaced by nimble competitors from the Big...

Fintech Investments
FinTech IPO Index Falls 2%; SoFi’s Galileo Leads With Move Into 3DS
July 26, 2024

Only one name in the FinTech IPO Index posted earnings this week, as the overall group was down 1.95% through the past five days. Amid the headlines driving stocks higher and lower, the banking/FinTech partnerships and some forays into card-not-present security efforts held sway. Get...