Chinese fast fashion giant Shein is reportedly planning to do an initial public offering (IPO) in the U.S. soon — possibly by 2024, according to media reports Thursday (July 14). That comes as there’s been growing concerns about environmental, social and governance (ESG) responsibilities, which...
Today in B2B payments, Clair and Criterion partner to offer on-demand pay, while TurnKey Lender names a new board chairman and raises $10 million. Plus, Zuora and BNP Paribas partner on usage-based equipment services. Digital Banking Platform Clair, Criterion Team to Offer On-Demand Pay Clair,...
Activist investor Elliott Management has accumulated a 9% stake in social media platform Pinterest and is reportedly in talks to further boost that position The Wall Street Journal reported Thursday (July 14), citing unnamed people familiar with the talks. According to the report, Elliott is...
While most consumers love the convenience and variety of online shopping, they find some aspects frustrating or time-consuming. As a result, about half of consumers have abandoned their online shopping cart on a potential clothing and accessory or home furnishing purchase in the last year,...
The Consumer Financial Protection Bureau announced Thursday (July 14) that it has leveled a $100 million fine at Bank of America for allegedly messing up the disbursement of state unemployment benefits during the pandemic. Bank of America reportedly “automatically and unlawfully” froze peoples’ accounts with...
As restaurants look for ways to drive visits and boost frequency, they are finding that providing a compelling digital experience is key to reaching younger consumers. By the Numbers Research from the July edition of PYMNTS’ Digital Divide study, The Digital Divide: The Move To...
In a move that sparked relief among the tech industry, the United Kingdom’s online safety bill has been postponed for at least several weeks. The legislation is designed to make Big Tech companies such as Twitter, Google and Facebook stamp out harmful content, whether that...
Instagram on Thursday (July 14) announced the ability for creators with paid subscriptions to publish their feed post only to their subscribers, among other new features, less than six months after debuting creator subscriptions, according to a company press release. In a video post announcing...
Working capital and unsecured consumer loan company BHG Financial has launched the point-of-sale (POS) financing solution NaluPay to provide merchants with the ability to offer their customers large credit lines and a cross-section of financing options. NaluPay offers high-ticket POS financing that gives merchants actionable...
