Digital wholesale ecosystem JOOR has raised $25 million to expand its platform for fashion retailers and develop its JOOR Pay solution. The round was led by Brightwood Capital and Tamarix Capital Partners, with participation from existing investors Macquarie Capital, Battery Ventures, and Canaan Partners, JOOR said in...
The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed and cost of remittance transfers. Chime Inc. is not connected to the California-based FinTech Chime Financial. Chime Inc. has also...
Bank earnings came first, putting up card spending data that spotlighted consumers’ willingness to keep spending across debit and credit cards. Retail sales data released Tuesday (Oct. 17) by the Census Bureau dovetailed with banks’ earnings, giving further credence to the sentiment that households in...
Prove Identity, a smartphone-based identity verification startup, has secured $40 million and reached unicorn status with a valuation exceeding $1 billion. The company will use the capital to “launch new commerce enablement and fraud-fighting use cases, continue Prove’s global expansion, and address the evolving threats...
Subscription management and recurring billing provider sticky.io has partnered with payment decline management firm FlexCharge. This collaboration, announced Tuesday (Oct. 17), aims to address the issue of cart abandonment and lost revenue due to payment failures faced by eCommerce merchants. According to research, online merchants lose 62% of customers...
Bank of America’s earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year. As noted in presentation materials released Tuesday (Oct. 17), the bank said that digital adoption, overall, has touched 74% of the bank’s consumers, representing 46...
Amazon will open its doors to sellers in South Africa beginning next year. Starting Tuesday (Oct. 17), independent merchants in the African nation can register their businesses, the retail giant said in a news release. “We look forward to launching Amazon.co.za in South Africa, providing...
B2B payments company Boost Payment Solutions has launched a platform designed to optimize card-based payments for medium- to large-sized enterprises. Called Boost 100, this new solution aims to digitize and automate accounts payable (AP) processes, optimize working capital, and provide control and flexibility over card spend,...
“Orchestration remains a hot topic in the payments world,” said Nathan Salisbury, managing director of Worldline Payment Orchestration. As merchants continue to define and fine-tune their payments strategies, navigating the complexities of multiple provider relationships in each market becomes unwieldy. Salisbury told PYMNTS in an...
