News

Investments
Lulu Group Raising $2.72 Billion to Reposition Business for IPO
August 10, 2023

Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of a potential initial public offering (IPO). Get the Full Story Complete the form to unlock...

eCommerce
REVOLVE Turns Delayed Shipping Into Customer Rewards 
August 10, 2023

There’s been so much talk about the state of returns, but maybe not nearly enough around shipping. But both services are becoming equally important.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Visa Expands Conferma Pay Partnership to Boost B2B Payments
August 10, 2023

Visa has expanded its partnership with Conferma Pay to enhance its B2B payment offerings. 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 completing...

Payment Methods
EMVCo Reports 12.8 Billion EMV Chip Cards In Circulation
August 10, 2023

According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation, representing a 7% uptick compared to the previous year. Get the Full Story Complete the...

B2B Payments
Suppliers Recast the Definition of B2B Loyalty
August 10, 2023

Shawn Cunningham, managing vice president and head of Capital One’s trade credit operations, told PYMNTS in a recent interview that it’s time for companies to re-think B2B loyalty. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
As CFPB Rulemaking Proceeds, Trustly Regulatory Chief Says Open Banking Primed to ‘Empower’ Consumers
August 10, 2023

As the financial industry awaits the release of the Consumer Financial Protection Bureau’s (CFPB) proposed rules governing data sharing, businesses of all sizes are preparing for potential changes in data access and standards. Get the Full Story Complete the form to unlock this article and enjoy...

Loyalty & Rewards
Catch Parlays Merchant Interchange Savings Into Cashback for Consumers 
August 10, 2023

For consumers who can get credit, they’re racking up a ton of it.   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....

eCommerce
Groupon Reports Progress in Transformation Plan
August 09, 2023

Groupon is demonstrating progress with its transformation plan, interim CEO Dusan Senkypl said Wednesday (Aug. 9) during the company’s quarterly earnings call. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Alternative Finances
SumUp Raises $100 Million to Offer Merchants Cash Advances
August 09, 2023

SumUp has raised a $100 million credit facility to launch a merchant financing solution. 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...