PXP Financial Taps Mastercard and Payall on Cross-Border Payments
PXP Financial Taps Mastercard and Payall on Cross-Border Payments
March 17, 2023  |  B2B Payments

PXP Financial is now collaborating with Mastercard and Payall to facilitate cross-border payments. This collaboration brings together Mastercard’s global technology, Payall’s payments infrastructure and PXP Financial’s acquiring and payment processing...

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SVB Collapse Has Companies Reviewing Financing, Cash Management Strategies
SVB Collapse Has Companies Reviewing Financing, Cash Management Strategies
March 17, 2023  |  CFO

Silicon Valley Bank’s (SVB) failure killed the argument that midsize banks pose no systemic risk.  Chief Financial Officers and corporate treasurers have gotten the message, and company...

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Tiger, SoftBank Writedowns of Private Tech Holdings Signal Chilling Effect for FinTechs
Tiger, SoftBank Writedowns of Private Tech Holdings Signal Chilling Effect for FinTechs
March 17, 2023  |  Startups

Valuation of investments and companies remains an exercise in paper gains and paper losses. Nothing’s final until the investor, the VC fund or the mutual...

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FCA Says Many Payments Firms’ Controls Aren’t ‘Sufficiently Robust’
FCA Says Many Payments Firms’ Controls Aren’t ‘Sufficiently Robust’
March 17, 2023  |  Regulation

A United Kingdom regulator has cautioned payments firms that it expects their controls to be “sufficiently robust.” The Financial Conduct Authority (FCA) sent a letter...

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Albertsons, Dollar General, Wakefern Tap Private-Label to Boost Shopper Loyalty
Albertsons, Dollar General, Wakefern Tap Private-Label to Boost Shopper Loyalty
March 17, 2023  |  Retail

Retailers from major grocers to discount chains are growing their private-label offerings, courting shopper loyalty. Grocery giant Albertsons Companies, for its part, announced Thursday (March...

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SEC Alleges Cannabis Company American Patriot Brands Misled Investors
SEC Alleges Cannabis Company American Patriot Brands Misled Investors
March 17, 2023  |  Security & Fraud

Cannabis company American Patriot Brands has been charged with fraud. The complaint filed by the Securities and Exchange Commission (SEC) also names the company’s CEO,...

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High-Income Paycheck-to-Paycheck Households Fare Better Despite Economic Pressure
High-Income Paycheck-to-Paycheck Households Fare Better Despite Economic Pressure
March 17, 2023  |  Economy

Not immune to macro headwinds materializing as inflated costs, reduced savings, and lower investment values, high-income consumers are making lifestyle changes as are others, while...

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SVB Financial Group Files for Bankruptcy to ‘Preserve Value’
SVB Financial Group Files for Bankruptcy to ‘Preserve Value’
March 17, 2023  |  Banking

SVB Financial Group — the former parent company of Silicon Valley Bank — has filed for bankruptcy. The Chapter 11 filing does not include SVB...

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Chloé Rolling Out Digital ID to Facilitate Traceability and Resale
Chloé Rolling Out Digital ID to Facilitate Traceability and Resale
March 17, 2023  |  Retail

Chloé is helping the buyers of its clothes and accessories prepare those items for resale. With its Spring-Summer 2023 collection, the French luxury brand is...

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