For criminals, big news creates big opportunities. And businesses beware — the recent collapses of Silicon Valley Bank (SVB) and Signature Bank offers cybercriminals a perfect cocktail of urgency, uncertainty and money movement, creating an irresistible, golden opportunity for scammers and fraudsters to exploit. “The phishing has been through...
Toku has raised $7 million in its effort to bolster subscription commerce in Latin America. The Chilean payments firm announced its seed round Thursday (March 23), saying the funds would allow it to expand its collection management software for subscription companies, coming at a time...
Chipotle’s venture fund is backing startups focused on local food and sustainability, courting young consumers. Cultivate Next, the arm of the fast-casual giant that invests in emerging companies, announced Wednesday (March 22) in a press release emailed to PYMNTS that it has invested in two...
House Republicans want more answers from the White House on the recent banking crisis. The chair and vice chairman of the House Financial Services Committee wrote to the Biden Administration on Wednesday (March 22) demanding detailed information on the response to this month’s bank failures. “Given...
DoorDash is continuing its diversification efforts with a series of new retail partnerships. The delivery company announced Thursday (March 23) it had added Lush Cosmetics, Victoria’s Secret and Party City to its partner list. With this news came the debut of new shopping features, including...
India’s Tata Group is reportedly looking to pump $2 billion into its year-old super app. The new capital could help the online platform Tata Neu bolster its digital offerings and repair technical issues, Bloomberg reported Thursday (March 23), citing unnamed sources. Tata Group has asked...
Snap has launched a program that helps businesses engage with customers via augmented reality (AR). The new AR Enterprise Services (ARES) enables businesses to integrate Snap’s AR technology into their own apps, websites and physical locations, the company said in a Thursday (March 23) press release. “We...
The Consumer Financial Protection Bureau has scored a legal victory ahead of its fateful Supreme Court case. A federal appeals court ruled Thursday (March 23) that CFPB funding via the Federal Reserve is constitutional. The unanimous ruling by the U.S. Court of Appeals for the...
The digital age might make the bank run a bit like a flash mob. For those of us less than up to date on the concept, a flash mob is what happens when emails, tweets or other electronic activities spur large groups of people to...
