More Consumers Chose Instant Payout Options for Insurance Disbursements in 2022
More Consumers Chose Instant Payout Options for Insurance Disbursements in 2022
May 31, 2023  |  Disbursements

While 2022 was something of a banner year in that $1.37 trillion in insurance claim payouts were sent, and $277 billion — or 20% —...

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UK Neobank Monzo Records First Monthly Profits
UK Neobank Monzo Records First Monthly Profits
May 31, 2023  |  Digital Banking

British neobank Monzo says it has reached profitability while reducing its annual losses. According to the bank’s annual report, Monzo reported net operating income of...

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Worldpay and Affirm Team to Let Shoppers Buy Now, Pay Later
Worldpay and Affirm Team to Let Shoppers Buy Now, Pay Later
May 31, 2023  |  BNPL

Worldpay has launched a partnership with buy now, pay later (BNPL) provider Affirm. The multi-year collaboration, announced Wednesday (May 31) makes Affirm’s Adaptive Checkout offering...

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Rising Organized Retail Theft Puts Pressure on Profits for Major Retailers  
Rising Organized Retail Theft Puts Pressure on Profits for Major Retailers  
May 31, 2023  |  Retail

It’s more than shoplifting. It’s organized retail theft. That’s been a common narrative for the past few years.  During May, retailers such as Target, Dollar...

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Cross River and Paymints.io Launch Solutions for Real Estate Industry
Cross River and Paymints.io Launch Solutions for Real Estate Industry
May 31, 2023  |  Real Estate

Cross River Bank and paymints.io have partnered to provide flexible payment solutions for the real estate industry. The collaboration is being launched with two payment...

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Web3 Firm Magic Summons $52 Million With PayPal Ventures’ Help
Web3 Firm Magic Summons $52 Million With PayPal Ventures’ Help
May 31, 2023  |  Investments

Wallet-as-a-Service provider Magic has raised $52 million in a round led by PayPal Ventures. The strategic funding round will help the company further its mission...

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Provider Ranking of Shopping Apps Shows Brands Hunkering Down for Summer
Provider Ranking of Shopping Apps Shows Brands Hunkering Down for Summer
May 31, 2023  |  Shopping

You may have clicked this link looking for radical changes of position in PYMNTS’ Provider Ranking of Shopping Apps. Sorry to disappoint, but this is not...

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Mastercard and Fabrick Partner on Embedded Finance Solutions in Europe
Mastercard and Fabrick Partner on Embedded Finance Solutions in Europe
May 31, 2023  |  Payment Methods

Mastercard and Fabrick have expanded their partnership to develop embedded finance solutions for European businesses, financial institutions and FinTechs. The strategic partnership builds on the companies’ existing relationship...

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Vartana Raises $20 Million for B2B Sales Closing and Financing Platform
Vartana Raises $20 Million for B2B Sales Closing and Financing Platform
May 31, 2023  |  Investments

Vartana has raised $20 million to grow its B2B sales closing and financing platform. The firm will use this Series B capital to continue its...

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