News

Retail
Kellogg’s Cereal Business Split Becomes Official
October 02, 2023

Kellanova — the company once known as Kellogg — said the spin-off of its cereal business is official. The company announced Monday (Oct. 2) that it had completed the separation, with WK Kellogg Co. now trading on the New York Stock Exchange, allowing Kellanova to focus...

Digital Banking
Experian Launches Credit-Building Digital Checking Account and Debit Card
October 02, 2023

Experian has launched the Experian Smart Money Digital Checking Account and Debit Card, featuring FICO score-boosting Experian Boost. The new offering aims to provide consumers with a way to build credit without accumulating debt, the global information services company said in a Monday (Oct. 2)...

Retail
Bols: RTD Cocktail Space Continues to See Pandemic Tailwind
October 02, 2023

With consumers having grown accustomed to more premium at-home alcoholic beverage options during the pandemic, cocktail brand Bols is seeing the ready-to-drink (RTD) cocktail category only continuing to grow.   In an interview with PYMNTS, Gilles Bensabeur, marketing director at The Lucas Bols Company, noted that the major...

CFPB
Supreme Court to Consider Fate of CFPB Tuesday
October 02, 2023

For the Consumer Financial Protection Bureau (CFPB), Tuesday (Oct. 3) looms as the beginning of an existential showdown. The challenge to the bureau’s very constitutionality will be heard by the Supreme Court, where oral arguments will focus on how the organization is funded and whether...

Retail
Did Fenty Beauty Just Tap Into Ulta’s Loyal Customer Network?
October 02, 2023

Figure out your DNA — that’s the secret to sales when landing on the shelves of retail spaces like Sephora and Ulta Beauty, according to Priyanka Ganjoo, the founder of D2C beauty brand Kulfi. In fact, it’s an important way to avoid getting dropped from such...

Security & Fraud
Visa Teams With Expel to Tackle $10.5 Trillion Cybercrime Threat
October 02, 2023

Visa has teamed with security firm Expel to help customers guard themselves against cybercrime. The partnership, announced Monday (Oct. 2), is aimed at helping businesses address the rising cost of cybercrime, which is expected to reach $10.5 trillion on a global scale by 2025, according to Cybersecurity Ventures....

Payment Methods
Europe Offers Lessons for Open Banking’s US Merchant Payments Path
October 02, 2023

According to Link Money CEO Eric Shoykhet, open banking in the United States is taking shape but needs some education in the mix to reach its full potential. “We’ve already seen the development of a lot of the core infrastructure that’s necessary to facilitate open...

Retail
As Target Closes Stores, H&M Looks to Tech to Stop Retail Theft 
October 02, 2023

The intersection of technology, social dynamics and economic factors has created an environment where theft — both individual and organized — has proliferated. And H&M is the most recent victim to grapple with the mounting challenges of widespread retail theft in the United States.  As...

IPO
VCs Tell Startups to Pump Brakes on IPO Plans
October 01, 2023

Venture capitalists (VCs) are reportedly telling startups to put plans to go public on hold. As the Financial Times (FT) reported Sunday (Oct. 1), that sentiment has become popular following the underwhelming initial public offerings (IPOs) of two high-profile companies. “In our portfolio we would...