The FinTech IPO gathered 2.4% in a week that saw the last few remnants of earnings reports trickle in. And of course, beyond the revenues and various customer metrics detailed in those quarterly reports, there were firms that had non-earnings headlines of their own. Upstart...
PartsTech has raised $35 million to expand its B2B marketplace for the auto repair industry. With the money raised from this Series C funding round, led by venture capital (VC) firm OpenView, the company plans to enable auto repair shops to source all the parts and...
About a year ago, PYMNTS detailed how government stats and revisions to those stats can change the way we view eCommerce. The more online sales get, as measured as a percentage of the overall retail pie, the more firmly entrenched the digital shift is. Back then,...
U.S. lawmakers faced off Thursday (May 18) over two proposed stablecoin bills. Both bills under consideration would allow both banks and non-banks to issue stablecoins. It was the second time during the current congressional session that proposed stablecoin legislation has come to the floor, with the first hearing on...
The FTC says increased use of biometrics raises “significant” concerns about security, privacy and discrimination. In a policy statement published Thursday (May 18), the Federal Trade Commission (FTC) defines biometric information as data that depicts or describes physical, biological or behavioral traits, characteristics or measurements of or...
Target has reported a disturbing surge in retail crime, which is anticipated to cause an estimated $500 million more in losses and stolen merchandise this year compared to the previous year. In fact, workers at a Target store in downtown San Francisco recently told a...
MODIFI and Airwallex have partnered to facilitate cross-border payments and financing for Chinese exporters. This collaboration brings together MODIFI’s global commerce platform for business payments and Airwallex’s global payments and financial platform to create Global Account Solutions, a payment tool that helps both B2B exporters and eCommerce marketplace...
Uber is sating its hunger for growth by shaking up the grocery selection, payment and delivery model along the lines of what Instacart currently offers, but with some added features that emphasize payment simplicity and convenience. At the company’s Go-Get event in New York City...
Amid reports of struggling sales among other retailers, T.J. Maxx has benefited from the growing interest and support of Gen Z and millennial shoppers. “We continue to attract an outside number of younger customers to our stores, including many Gen Z and millennial shoppers, which...
