News

Regulation
Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business Data
June 12, 2023

In today’s fast-paced world, financial crimes are becoming increasingly common, and it’s crucial to safeguard consumers and businesses.  Lawmakers are moving to reform the Financial Crimes Enforcement Network (FinCEN) and protect small business data.  The House Financial Services Committee Chairman Patrick McHenry (R-North Carolina) on...

eCommerce
Beauty Sector Rethinks Digital as eCommerce Threatens In-Store Sales
June 12, 2023

Sector brands and merchants may need to refine their digital approach to gain customer share as consumers seeking to bring beauty to their doorstep.   Moving away from traditional makeup counters and drugstore shelves, consumers are increasingly making their health and beauty product purchases online. This...

Retail
Grocers Losing Share of Health and Beauty Sales to eCommerce 
June 12, 2023

Where once consumers picked up their personal care products along with their food and beverages at the supermarket, they are increasingly shifting to digital channels to get their health and beauty needs met, leaving grocers in the lurch. By the Numbers Findings from PYMNTS’ study...

Retail
Grocers Raise the Personalization Bar in Race for Digital Loyalty
June 12, 2023

Grocers are investing heavily in stepping up their ability to personalize the digital experience with consumer data, and these efforts, PYMNTS research suggests, are paying off. Grocers, consumer-packaged goods (CPG) brands and solution providers alike will be gathering virtually on Monday (June 12) evening to...

Investments
PayPal Ventures Leads $14 Million Fundraise for LatAm’s eCommerce Startup Nocnoc
June 12, 2023

PayPal Ventures has helped Latin America eCommerce platform Nocnoc raise $14 million. The Series A funding will let Nocnoc expand into new markets and enhance its fulfillment solution, according to a Friday (June 9) press release. Latin America has one of the world’s fastest-growing eCommerce...

Investments
DJUST Raises $12.9 Million for B2B eCommerce SaaS Platform
June 12, 2023

Paris-based B2B eCommerce SaaS platform DJUST has secured 12 million euros ($12.9 million) in a Series A growth funding round to expand into markets across Europe, the U.K. and the U.S. The firm will also use the funds to invest more aggressively in developing solutions...

Social Commerce
Food Brands Eye Social Commerce Despite Disappointing Results
June 12, 2023

Food brands may be looking for ways to capitalize on the potential of social media commerce, but for now, PYMNTS research indicates, potential is all there is, with consumers frustrated by early moves in the space. At a Digital Food & Beverage Conference keynote panel on Monday...

Security & Fraud
One Billion Consumers at Risk of India’s COVID Vaccine Data Breach
June 12, 2023

India’s Ministry of Health and Family Welfare is investigating what it called baseless reports of a data breach of its COVID vaccine database. The ministry said it has seen reports of Twitter users posting screenshots that show a bot using Telegram to post personal information...

Banking
HSBC Innovation Banking Debuts in UK
June 12, 2023

British banking giant HSBC has officially launched a revamped version of Silicon Valley Bank UK. After weeks of teasing an innovation-focused version of SVB UK — which HSBC purchased following the collapse of parent company Silicon Valley Bank — the lender announced in a press...