Chime Financial reportedly submitted a confidential filing for an initial public offering (IPO). The FinTech company plans to go public in 2025, though the timing of the IPO has not been finalized and could change, Bloomberg reported Wednesday (Dec. 18), citing unnamed sources. Reached by PYMNTS,...
A flurry of announcements and proposals from the Consumer Financial Protection Bureau in the weeks leading up to — and after — November’s election begs the question: With the agency under fire from the majority party — as Republicans have control of the presidency and...
The luxury fashion world’s loss has been The RealReal’s gain this year. As The Wall Street Journal (WSJ) reported Thursday (Dec. 19), sales for the luxury resale website have grown for three quarters in a row as shoppers seek secondhand prices for first-class goods from the likes of Gucci...
Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights, ValidiFI found in a report released Thursday (Dec. 19). A comprehensive cross-referencing of phone, email, address and other identity elements...
The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust remains the cornerstone of today’s dynamic ecosystem, but it is increasingly tested by a web of risks, including fraud and security vulnerabilities, compliance demands, counterparty reliability, payment failures and...
Get ready for B2B wearables. Polar is taking wearable tech beyond the fitness enthusiast with the recent launch of Polar 360, a new business-to-business platform designed to help companies boost employee health and productivity. Offering a suite of devices — from fitness trackers to smartwatches...
Perplexity AI reportedly closed a $500 million funding round earlier this month. The round tripled the artificial intelligence (AI) startup’s valuation to $9 billion, Bloomberg reported Wednesday (Dec. 18), citing an unnamed source. Reached by PYMNTS, Perplexity declined to comment on the report. The company’s backers include SoftBank, Nvidia...
What many finance teams want for the holidays this year is an automated back office. As the calendar years’ worth of PYMNTS Intelligence studies have shown, accounts payable (AP) and accounts receivable (AR) automation are increasingly becoming key areas of focus for businesses looking to...
Payments services company Worldline has introduced FlexPricing for independent software vendors (ISVs). The new offering, which Worldline calls the first of its kind, lets ISVs implement flexible pricing strategies that include charging a percentage fee on bank transfer transactions, adding custom fees, and allowing Worldline to take on...
