News

Retail
Growing Online Payments Fraud Puts Retailer Data Security in the Spotlight
May 16, 2023

PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Mario Shiliashki, Global Payments CEO at PayU, says retail will likely face another challenging year. Merchants must collaborate closely...

Global Payments
Cross-Border Sellers Want Tools – and Insights – to Avoid FX and Localization Pitfalls
May 16, 2023

Selecting countries ripe for cross-border expansion requires thoughtful analysis of the payments landscape within different geographies to enable successful market penetration with minimal cost and risk to the merchant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
May 16, 2023

Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report. And while that amounts to an 8% drop compared to 2021 figures, there’s no debate that the battle to prevent...

Regulation
CFPB’s Small Business Lending Rules Headed for More Scrutiny on Capitol Hill 
May 15, 2023

Small business lending’s new data-driven approach may be headed for more scrutiny on Capitol Hill. 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,...

Banking
Former SVB CEO Blames Fed Rate Hikes and Online Rumors for Bank Failure
May 15, 2023

Federal Reserve rate hikes and online rumors and misconceptions contributed to the collapse of Silicon Valley Bank. 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...

Investments
Smart Raises $95 Million to Expand Retirement Savings Technology Platform
May 15, 2023

Smart has raised $95 million in Series E funding to grow its retirement savings technology platform. 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
Tipalti Raises $150 Million to Expand AP Automation, Counts JPM as Investor
May 15, 2023

Payables automation platform Tipalti has raised $150 million with the help of JPMorgan Chase. 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...

Investments
M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa
May 15, 2023

M-KOPA has raised $250 million to expand its financial services offering across sub-Saharan Africa. 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....

Mobile Payments
Nigerian Mobile Companies Block Banks From Text Service Over Unpaid Bill
May 15, 2023

Nigerian mobile companies are reportedly halting text services to banks over a $259 million bill.  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,...