News

Fintech Investments
FinTech IPO Index Gathers 2.7% as MoneyLion Jumps 34% on Earnings 
March 08, 2024

Many of the names that are part of the FinTech IPO Index soared double digits on the heels of earnings this past week, leading the overall index 2.7% higher. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Financial Institutions’ Net Income Drops 43.9% Amid FDIC’s Special Assessment
March 07, 2024

Financial institutions’ net income dropped 43.9% in the fourth quarter of 2023. 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...

Retail
Costco’s Digital Gold Rush Drives eCommerce Gains
March 07, 2024

As retailers compete for consumers’ omnichannel loyalty, Costco is driving digital growth with a somewhat unconventional approach — selling precious metals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

CFPB
CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
March 07, 2024

The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late fees, and other actions, would hurt innovation and banks’ customers in the long run. Get the Full Story Complete the...

Retail
Walmart Adds Early Morning Hours to Delivery Options
March 07, 2024

Walmart has extended its delivery window to include the earning morning hours. 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...

eCommerce
Beyond ‘Doubles Down’ on Off-Price Market With Zulily Acquisition
March 07, 2024

Online retailer Beyond has acquired Zulily, saying the move will boost its position in the off-price market. 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...

Mobile Payments
PayPal Opens iPhone Tap to Pay for Venmo Business Users
March 07, 2024

PayPal has expanded its Tap to Pay on iPhone offering in the U.S. 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
Zama Raises $73 Million to Expand Encryption Solution
March 07, 2024

Zama, a specialist in the field of cryptography, has secured $73 million in a Series A funding round to grow its Fully Homomorphic Encryption (FHE) solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Acquisitions
Nationwide Building Society Will Acquire Virgin Money for $2.7 Billion
March 07, 2024

The U.K. bank Nationwide Building Society is set to acquire Virgin Money for $2.7 billion. 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...