Reddit is reportedly preparing for a potential initial public offering (IPO) in the United States. The social media company and its advisers are expected to unveil the public IPO filing as early as this month, and Reddit has been advised to consider a valuation of at...
When it comes to direct-to-consumer (D2C) online shopping, establishing trust with shoppers is key to brands’ success, a recent PYMNTS Intelligence study reveals. By the Numbers For the report “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces,” PYMNTS Intelligence surveyed more...
As consumers increasingly expect brands to meet them where they are, be it online or in person, Estée Lauder is seeing rising demand for digital availability. Tracey Travis, the cosmetics company’s executive vice president and chief financial officer, noted on a call with analysts Monday...
Banks tightened their standards on loans to both businesses and households in the fourth quarter. They also saw lower demand for lending during that period, the Federal Reserve reported Monday (Feb. 5). “While banks, on balance, reported having tightened lending standards further for most loan categories in the...
Romania’s central bank governor, Mugur Isarescu, found himself unwittingly associated with false financial recommendations after being targeted by a deepfake video. The video, which utilized Isarescu’s image and voice, portrayed him promoting fraudulent investments, Bloomberg reported Monday (Feb. 5). This incident has raised concerns about...
Open banking is set to change the world. But viewed through the lens of what’s happened so far, and through the lens of the United Kingdom’s experience, the road to transformation in payments and financial services appears long and bumpy. Differing Approaches And, as ever,...
Online payments provider AffiniPay has debuted in-person payments for its professional customers. The new offering, announced Monday (Feb. 5), is designed to integrate in-person payment devices across products and interfaces, offering “on-the-go and in-office payments and with the latest ‘tap-to-phone’ technology for mobile.” According to the company’s announcement,...
ProducePay, an AgTech company focused on strengthening the fresh produce supply chain, has raised $38 million in Series D financing. With this capital infusion, the company plans to further develop its technology and services and accelerate its global expansion to Europe, Asia, Africa and Australia,...
Returns management platform Loop has introduced new services for merchants and logistics providers. “A series of new features, integrations, and partnerships will enable logistics partners to share enriched data between Loop and merchant warehouses and allow brands to ship and move their returns more efficiently,” the company said in...
