Oct. 20, 2009. The United States was starting to see daylight out of the darkness of the worst financial crisis since the great depression. The Wall Street Journal reported that companies were starting to see profit improvements but weren’t ready to hire workers laid off...
Artificial intelligence startup SandboxAQ is reportedly plotting a fundraise that would value the company at $5 billion. The company, which spun off from Google parent company Alphabet, is in talks with possible investors about the equity funding round, Bloomberg reported Friday (Oct. 18), citing unnamed...
Buybuy Baby’s brick-and-mortar comeback seems to be short-lived. The baby retailer — which had been part of Bed Bath and Beyond — closed and liquidated 115 locations last year as its parent went bankrupt. Months later, it announced a new strategy and the opening of...
Through the past several weeks and months, the drumbeat’s grown louder for regulations at the federal level to govern nonbanks — especially FinTechs, neobanks and Big Tech. And while the goal may be uniformity, there’s still a lack of concrete detail about who would be...
It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030, has been putting an exclamation point on the fact that B2B payments are transforming. The first week of the Outlook 2030 event centered on how platform and network models are impacting...
Regions Bank’s profit dipped during the third quarter as deposit costs rose and loan demand fell. The regional lender released quarterly earnings Friday (Oct. 18) showing a 5.7% decline in net interest income (NII) — the gap between what a bank earns on loans and...
Lidl reportedly relaunched its brand to stand out among other budget grocers. The company — whose rivals in the United States include fellow German supermarket chain Aldi — introduced a new marketing campaign that includes the tagline “The Super-est Market,” Supermarket News reported Thursday (Oct....
In the payment innovation space, security, trust and compliance are three non-negotiable pillars. Their importance is growing against an operational backdrop where data extortion and ransomware attacks impact businesses. Eighty percent of organizations have attack paths that expose critical assets, and there has been a...
Change rarely occurs in isolation. With more businesses in emerging economies going digital with their purchases, pressure is building to modernize the payment process as well. “When it comes to B2B payments in emerging markets, one very interesting thing is that currently more than 70%...
