News

Retail
Saks Reportedly Misses Hundreds of Thousands in Vendor Payments 
August 05, 2024

Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. 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...

Investments
Chinese AI Startup Moonshot Reaches $3 Billion Valuation
August 05, 2024

Chinese generative AI startup Moonshot has reportedly raised $300 million in a new funding round. 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....

Payment Methods
How Contactless Payments Won Gold at Paris Olympics
August 05, 2024

The Olympics are a time for pushing the boundaries of what’s possible. 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...

Security & Fraud
JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments
August 04, 2024

JPMorgan Chase could be headed for a dust-up with the Consumer Financial Protection Bureau. In its “Consolidated Financial Statements” for the six months ending June 30, the bank indicated that the CFPB has inquired about transactions through the Zelle network and that it is currently...

Investments
Private Equity Firms Invest $162 Billion on ‘Pent Up’ Deal Supply
August 04, 2024

America’s private equity giants have reportedly invested $162 billion in anticipation of a deal-making revival. 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,...

Security & Fraud
Axiad Raises $25 Million to Bolster ID Verification Offerings
August 04, 2024

Identity security firm Axiad has raised $25 million in a new funding round. 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....

Loyalty & Rewards
Bilt Valued at $3.2 Billion as Rewards Program Grows
August 04, 2024

Loyalty rewards platform Bilt is valued at $3.2 billion after a new funding round. 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...

Banking
SVB’s Ex-Owner Ends Bankruptcy Amid FDIC Litigation
August 04, 2024

Silicon Valley Bank’s former owner has gotten a judge’s permission to end its bankruptcy. 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
Chipotle VP: Guacamole-Inspired Makeup Boosts Brand’s Superfans’ Engagement
August 03, 2024

As brands tap partnerships to reach consumers in more parts of their day-to-day lives, Chipotle Mexican Grill is once again getting into the makeup game. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...