News

Banking
QED Investors’ Gerety Says BaaS Model May Be Stronger Without Synapse
June 17, 2024

The Synapse bankruptcy saga continues to rock the BaaS world, marked by last week’s revelation of $85 million in missing funds. The plot thickened last week when former CEO Sankaet Pathak disclosed in bankruptcy court that funds were commingled, leaving the task of determining rightful...

Retail
Retailers Embrace ‘Dadcore’ Stereotypes to Combat Father’s Day Spending Pullback
June 15, 2024

As Father’s Day approaches, retailers are seizing on different paternal stereotypes to drive engagement and sales, from dad jokes to “dadcore” style to that tangle of unidentified, no-longer useful cables that so many dads seem to be unwilling to part with. Get the Full Story...

Regulation
Apple’s App Store, Meta’s AI Assistant Face Challenges in Europe
June 14, 2024

Two American tech giants are reportedly facing new regulatory challenges in Europe. 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...

eCommerce
Yoox Net-A-Porter Exiting China, Focusing on More Profitable Markets
June 14, 2024

Yoox Net-A-Porter (YNAP) is reportedly exiting China amid weak consumer spending in that country. 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....

Security & Fraud
Elder Scams Spike as More Boomers Move Online
June 14, 2024

As more baby boomers and seniors go online to get their banking done — making payments, investing and paying bills or taxes — the fraudsters are finding elder abuse of a financial nature to be quite lucrative. Get the Full Story Complete the form to...

Retail
Walmart Joins Retailers Tailoring Private-Label Offerings to Gen Z
June 14, 2024

As Gen Z shows an inclination for shopping from retailers’ own brands, major players are tailoring their private-label offerings to these young consumers’ desires and preferences. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Ethiopia Considers Allowing Foreigners to Buy Stakes in Domestic Banks
June 14, 2024

After 30 years of barring foreigners from its banking sector, Ethiopia is reportedly considering allowing overseas banks to buy stakes in domestic lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Canary Raises $50 Million to Deploy AI for Hospitality Industry
June 14, 2024

Canary Technologies raised $50 million in a Series C funding round to support its deployment of artificial intelligence for the hospitality industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Target Aims to Reverse Losses With Private-Label Goods, Price Cuts
June 14, 2024

Target reportedly lost market share in several of its key product categories in the first quarter. 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,...