News

Investments
Constructor Raises $25 Million for AI-Powered Product Discovery, Search Engine
June 17, 2024

Constructor has raised $25 million in a Series B funding round to support the further product development and international expansion of its artificial intelligence (AI)-powered product discovery and search platform for enterprise eCommerce companies. Get the Full Story Complete the form to unlock this article...

Retail
Retail Expert Paco Underhill Says Boomer Purchasing Power Creates Loyalty Opportunity for Brands
June 17, 2024

With older consumers — those with the most cash to burn — proving to be more loyal than their younger counterparts, brands that can win their affinity have the opportunity to create longer-term, more valuable relationships. Get the Full Story Complete the form to unlock...

Regulation
FSB Tackles Stablecoin Risks in Emerging Markets
June 17, 2024

The Financial Stability Board (FSB) is taking a closer look at stablecoin use in emerging markets. 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...

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...