News

Investments
Europe VC Dealmaking Slows in Q3, Startups Turn to Buyouts as Markets Cool
November 03, 2022

Despite a continent-wide economic slowdown and comparatively deflated financial markets, Europe is on track to match last year’s record-breaking venture capital (VC) activity, which saw over 12,000 deals raise over 100 billion euros, according to PitchBook’s latest European Venture Report. The report cautions, however, that although...

Retail
Etsy Upgrades Search to Free Buyers From ‘Tyranny of Choice’
November 03, 2022

Etsy has been investing in upgrades to its search functions to relieve its customers of what CEO Josh Silverman calls “our tyranny of choice.” Speaking to investors on a third-quarter earnings call Wednesday (Nov. 2), Silverman described feedback he’d seen from a shopper who passed...

B2B Payments
Can Reputational Costs From B2B Payments Fraud Eclipse Financial Losses?
November 03, 2022

An interview with Pablo Molina, former chief information officer and vice president of IT at Georgetown University and current chief information security officer at Drexel University  — B2B payments fraud is a major problem affecting businesses of all kinds — including institutions of higher education,...

B2B Payments
Legacy Payments Cost Schools More Than Money
November 03, 2022

PYMNTS interviewed Adam McDonald, president at TouchNet, on how the company is helping colleges and universities simplify and modernize their payments infrastructure — At a time when businesses everywhere are adapting to meet customers’ increasing expectations for digital payment methods and technology-driven interactions, institutions of...

Faster Payments
Federal Reserve’s Next 3 Years Include Instant Payments ‘Easy Button’
November 03, 2022

The term “central bank” brings to mind thoughts of stability, resilience and trust, all things that have been part of the Federal Reserve’s DNA for more than a century. Many people are less aware that the payment systems operated by the Fed facilitate the electronic...

Blockchain / Distributed Ledger
Israel Eyes Blockchain Bonds To Streamline Debt-based Securities Issuance
November 02, 2022

The Tel Aviv Stock Exchange (TASE) has recently signaled its interest in exploring innovative use cases for distributed ledger technology (DLT) in financial markets. Upon announcing its new strategy for the years 2023-27, TASE said that it would work to strengthen its digital, data and...

eCommerce
Pitney Bowes Renews Logistics Agreement With eBay
November 02, 2022

The global logistics firm Pitney Bowes on Wednesday (Nov. 2) announced the renewal of its agreement with eBay in which the company provides international eCommerce logistics services to eBay in the U.S. and U.K. In the U.K., Pitney Bowes has renewed its agreement to support...

Faster Payments
Revolut Debuts In-App Messaging Service
November 02, 2022

Revolut announced the launch of a new in-app chat feature on Wednesday (Nov. 2) that allows users to send messages to one another. Pointing to its own recent European survey data in a press release, Revolut said that two-thirds of people find it difficult to...

Retail
Grocery Store Food Halls Tread on Restaurant Turf to Customers’ Delight
November 02, 2022

Kroger, the United States’ leading pure-play grocer, is expanding its in-store virtual restaurants as grocery retailers expand their prepared meal options to remain competitive with shoppers who increasingly expect to get all their food needs met at once. The Ohio-based grocer is expanding its Mix...