News

Investments
Discover Debuts $36 Million Fund for Startups Focused on Financial Health
June 13, 2023

Discover Bank has launched a fund to support startups working to improve people’s financial health. 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,...

Investments
Voima Closes $97 Million Science-Based Venture Fund for Tech Startups
June 13, 2023

Finland’s Voima Ventures has closed a $97 million fund to support deep tech firms. 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...

Retail
Louis Vuitton Channels Hermes by Creating Neverfull Bag Waiting List  
June 13, 2023

Is Louis Vuitton luxury? Depends who you ask and what products you’re looking at. With that even a question among luxury consumers, Louis Vuitton is taking a page out of the Hermès playbook to reclaim its luxury status through one its most sought-after bags, the...

Retail
Nike Reverses Course to Reestablish Wholesale Partnerships and Expand Retail Presence
June 13, 2023

Nike has been steadfast in its commitment to direct-to-consumer (D2C) efforts since 2017, which led to a reduction in its retail partnerships. However, the sportswear giant is now changing its tune, not because its prioritization efforts have failed, but because it’s looking to add some...

Artificial Intelligence
CEO Pichai Says Google Takes Cautious Approach to AI
June 13, 2023

Google CEO Sundar Pichai said the artificial intelligence (AI) race is a marathon, not a sprint. 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...

Retail
Retailer Return Policies May Put Future Sales at Risk
June 13, 2023

Despite the shopping feature’s popularity, merchants keep tightening requirements for returns.  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...

Investments
Insight Partners Slows Dealmaking Amid Tech Funding ‘Bloodbath’
June 13, 2023

Insight Partners has reportedly lowered the $20 billion goal for its latest fund as tech valuations continue slumping. 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...

Security & Fraud
AWS’ New Cryptographic Solution Promises Secure Payment Processing in the Cloud
June 13, 2023

Although an increasing number of payment companies are transitioning their workloads to the cloud, the use of manual, on-premises payment hardware security modules (HSMs) — physical computing devices designed to strengthen authentication — to beef up data encryption continues to create challenges for businesses. Get...

Regulation
Lawmakers Introduce Legislation to Reform FinCEN and Protect Small Business Data
June 12, 2023

In today’s fast-paced world, financial crimes are becoming increasingly common, and it’s crucial to safeguard consumers and businesses.  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...