News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

(source: pymnts.com)

Scayl Raises $108 Million for FinTech Lenders
Scayl Raises $108 Million for FinTech Lenders
April 03, 2024  |  Investments

Debt financing platform Scayl has raised $108 million to lend to other European FinTech lenders. Billing itself as a “Fintech for Fintech Lenders,” Scayl said it helps...

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Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
Central Banks and BIS Test Tokenization to Speed Cross-Border Payments   
April 03, 2024  |  Cross-border Payments

Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem...

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Klarna Launches Page Comparing BNPL, Traditional Credit
Klarna Launches Page Comparing BNPL, Traditional Credit
April 03, 2024  |  BNPL

Klarna has launched a new web page that shares data on its buy now, pay later (BNPL) offerings, including their repayment rates, late fee rates and...

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ADP: Job Switchers See 10% Jump in Wages
ADP: Job Switchers See 10% Jump in Wages
April 03, 2024  |  Economy

ADP’s latest employment report shows a jump in raises for people switching jobs. While year-over-year pay increases last month for people who stayed at their...

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US Bank Adds Levantor’s Sales Finance Solutions
US Bank Adds Levantor’s Sales Finance Solutions
April 03, 2024  |  Partnerships

U.S. Bank and Levantor Capital have expanded their partnership to offer additional flexible working capital financing options to U.S. Bank clients. With this collaboration, U.S. Bank will now...

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Shipt Sees Financial Pressure Driving Online Seasonal Sales
Shipt Sees Financial Pressure Driving Online Seasonal Sales
April 03, 2024  |  Retail

As economic pressures continue to constrain consumers’ spending power, Shipt is seeing on-demand delivery shoppers turn to deals and concentrate their engagement around peak times....

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Chase Shows Super App Ambitions With Media Platform Launch
Chase Shows Super App Ambitions With Media Platform Launch
April 03, 2024  |  Connected Economy

J.P. Morgan Chase unveiled its latest venture, a retail media network called Chase Media Solutions, Wednesday (April 3), marking a move toward personalized advertising within the banking...

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Messaging Platform Telegram Pivots to Crypto Payments for Ads 
Messaging Platform Telegram Pivots to Crypto Payments for Ads 
April 03, 2024  |  Cryptocurrency

Throughout nearly their entire history, cryptocurrencies have represented the archetypal innovation in search of a problem. And while they’ve succeeded as an unregulated store of value, as...

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Wave Teams With Check to Upgrade Small Business Payroll
Wave Teams With Check to Upgrade Small Business Payroll
April 03, 2024  |  Payroll

Payroll infrastructure company Check has teamed with Wave, a money management platform for small businesses. The collaboration, announced Wednesday (April 3), will let the more...

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