Sections
Posts By PYMNTS
-
2.1KRetailMastercard’s Saxena: Walgreens Deal Addresses Dual Priorities Of Payments And Healthcare
The relationship announced Wednesday (Jan. 13) between Walgreens, Mastercard and Synchrony is more than a standard co-brand deal. The three companies will...
-
1.9KDigital PaymentsMobile Payments Bridge Cash And Digital Divide In Pakistan
In the move toward digital payments in cash-centric economies, building trust in bank accounts and payments done in bits and bytes is...
-
2.3KInvestmentsGrab Financial Group Raises $300 Million For Expanded Finance Solutions
Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding...
-
1.9KBitcoinBitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins Owner Arrested For Money Laundering
The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to...
-
1.6KEarningsDepartment Stores Continue Slide As Nordstrom Reports 22 Pct Holiday Drop
Showing the continued struggles of retail stores in the pandemic era, Nordstrom reported a 22 percent net sales decline for the nine-week...
-
1.3KEconomyFed Says Unemployment Rate Tops 20 Pct For Low-Income Workers
The pandemic is making disparities worse in the country’s economy, Federal Reserve Governor Lael Brainard said in a Wednesday (Jan. 13) speech,...
-
1.1KEconomyFed Report: 2020 Closes Out With Slight Economic Uptick
The U.S. economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the...
-
1.2KB2B PaymentsSweep Raises $1.2 Million For Finance Management Tools
Sweep, which works in expense and travel management for small- to medium-sized businesses (SMBs), announced Wednesday (Jan. 13) that it hit its...
-
1.4KB2B PaymentsRho Technologies Raises $15 Million For AP Integration
Rho Technologies, the FinTech behind Rho Business Banking, has raised $15 million in a Series A round, according to a press release....
-
1.2KDigital BankingToday In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv
In today’s top digital-first banking news, Singapore tech startup Sea has reportedly bought Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE), while credit...
-
1.0KGig EconomyCalifornia Uber, Lyft Drivers File Lawsuit Over Prop 22
Gig workers in California who drive for Uber, Lyft and other rideshare and delivery platforms have filed a lawsuit in the state’s...
-
1.2KRetailGirl Scouts Get Their Digital-First Merit Badge
Arguably the best culinary time of the year is approaching as the Girl Scouts are once again peddling their delicious wares to...
-
1.0KCredit UnionsPSCU Extends Payment Processing Collaboration With Fiserv
FinTech credit union service organization (CUSO) PSCU said Wednesday (Jan. 13) that it has extended its payment processing arrangement with Fiserv. The...
-
977EconomyRubio To Biden: Pass $2,000 Stimulus Checks For Pandemic Relief
Sen. Marco Rubio of Florida wrote in a letter that he wants President-elect Joe Biden to focus immediately on getting $2,000 checks...
-
2.2KB2B PaymentsMedius And Pagero Team On Digital Invoice Management
Expense management technology provider Medius and international eDocument service company Pagero have collaborated to help companies handle digital invoices. The new collaboration...
-
1.4KCoronavirusFailing Restaurants Risk Fines To Open Doors In The Face Of Dining Ban
Health officials across the U.S. have been forced to level fines against already-struggling restaurants that blatantly violated pandemic-related indoor dining bans, the...
-
1.8KInternationalUS Government Won't Ban Investments In Alibaba, Tencent, Baidu
The U.S. government will allow Americans to keep investing in Chinese tech firms Alibaba, Tencent and Baidu after the economic impact of...
-
2.2KInternationalToday In Payments Around The World: Mynt Lands $175 Million In Funding; Airtel Teams With Amazon On Video
In today’s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has...
-
1.8KB2B PaymentsBusiness T&E Management Firm TravelPerk Buys NexTravel
International travel management company TravelPerk has unveiled its acquisition of California-based NexTravel to help with its continuing growth roadmap in the American...
-
1.1KAppleTim Cook Will Allow Parler’s App Store Return With Compliance
Social media app Parler can return to the App Store if it complies with Apple’s terms of service, Apple CEO Tim Cook...
-
1.2KEconomyWorker Re-Lo Stats Support Argument That Remote WFH Is Here To Stay
Whether it’s Tesla CEO Elon Musk moving to Austin, Texas or large tech companies like Oracle pulling out of Silicon Valley, news...
-
952AppleApple Unveils Over $60 Million In Projects To Support Racial Equity
Apple is contributing $25 million to a new tech education hub in Atlanta to support Historically Black Colleges and Universities (HBCUs) and...
-
1.4KeCommerceThrasio Seeks Bigger Acquisitions After Landing $500 Million In New Financing
Digital consumer goods company Thrasio said it plans to go on the hunt for even larger eCommerce companies to acquire on the...
-
1.6KB2B PaymentsToday In B2B: Billtrust Makes NASDAQ Debut; Modern Treasury Raises $38 Million
Today in B2B payments, Billtrust makes its debut on the NASDAQ, while Modern Treasury raises funding for its accounts payable automation technology....
-
1.7KPartnerships / AcquisitionsQualcomm Inks $1.4 Billion Acquisition Deal With Chip Startup NUVIA
Qualcomm has signed a $1.4 billion deal to acquire NUVIA, a data center chip developer launched by former Apple executives. Cristiano Amon,...
-
1.4KPersonnelCiti Taps Khaliq To Lead Treasury And Trade Solutions
Citi has named Shahmir Khaliq as its new head of Treasury and Trade Solutions (TTS), according to an internal memo from Paco...
-
1.6KNewsToday In Payments: Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation; BillTrust To Make NASDAQ Debut Today Trading As BTRS
In today’s top news, Visa opted out of its acquisition of Plaid after the DOJ sued over antitrust concerns, and Billtrust is...
-
1.4KInvestmentseWallet Startup MoMo Lands $100 Million From Warburg Pincus, Other Investors
Rising eWallet star MoMo is on a roll when it comes to bringing new investors on board. The eWallet firm, Vietnam’s largest,...
-
1.1KANTITRUSTSingapore Competition Board: Uber Must Pay S$6.6 Million Fine Over Merger Deal
Singapore’s Competition Appeals Board has upheld fines of S$6.6 million (Singapore dollars) levied against Uber, affirming that its merger deal with ride-hailing...
-
1.1KDigital PaymentsPaytm, Nubank Could Soon Swing To Profit Amid Surging Demand For Digital Banking
India’s Paytm and Brazil’s Nubank could soon turn the corner to profitability thanks to surging demand for digital payment services in India...
-
1.1KEconomyInflation Looms, So What Lies Ahead For SMBs?
Inflation, it might be argued, is a fact of life. If you’re not experiencing it, you’re likely anticipating it. Reuters reported on...
-
1.5KRetailPoshmark IPO Puts Spotlight On reCommerce
The 2021 initial public offering (IPO) season is off to a fast start for the payments and commerce business, including an expected...
-
2.2KIPOAuto1 Online Car Marketplace Plans To Go Public
Berlin-based Auto1 Group said on Wednesday (Jan. 13) that it plans to go public in the first quarter of this year. Auto1...
-
2.1KRetailToday In Retail: Walgreens To Launch Co-Branded Cards; Big Lots Reports Rise In Quarter-To-Date Comp Sales
In today’s top retail news, Walgreens is growing its financial services offering with the help of Mastercard and Synchrony, while Big Lots,...
-
1.8KIPOHot Affirm IPO Points To Rising Competition And Demand In BNPL Segment
It’s been almost 10 years since PayPal co-founder Max Levchin launched Affirm, but the provider of buy now, pay later (BNPL) installment...
-
2.8KPartnerships / AcquisitionsSingapore Tech Startup Sea Buys Indonesian Bank BKE
Singapore tech startup Sea has acquired Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE) for an undisclosed amount, Bloomberg reported on Wednesday (Jan....
-
2.1KEarningsCiti, JPM And Wells Fargo Lead Big Earnings Week For Banks
The start of earnings season typically is marked by banks’ reports – and a slew of them report this week, clustered on...
-
1.8KCoronavirusDollar General Offers Workers Extra Pay For Getting COVID-19 Vaccine
What should retailers do to lure skittish customers back into their stores? Dollar General Corp. has reportedly come up with a solution:...
-
1.8KRetailEpic Games And Google Are Turning Dying Malls Into Corporate Campuses
Struggling or shuttered shopping malls are sometimes redeveloped into medical buildings, multifamily residences and even Amazon distribution centers, but some are finding...
-
1.6KRetailGeneral Motors Unveils Electric Truck, Electric Pallet And Software For ‘First- To Last-Mile Delivery’
General Motors is launching a new division called BrightDrop to offer what the automaker describes as an entire “ecosystem” of software, services,...
-
1.5KToday In DataDigital Innovation In Retail Amid The Pandemic
Salesforce is launching a new product to make it easier for firms to add loyalty programs, while Zing Bars is growing its direct-to-consumer (D2C) channel for healthy snacks...
-
1.4KRetailTarget Doubles Holiday Digital Sales; In-Store Comps Up 4.2 Percent
Target reported Wednesday (Jan. 13) that comparable digital sales more than doubled during the holiday period, while in-store sales also surprisingly grew...
-
1.0KMobileIndia’s Airtel Closes Amazon Deal To Launch Mobile-Only Video Plan
Airtel, India's largest telecom service provider, has teamed up with Amazon to launch a mobile-only video entertainment platform. Prime Video Mobile Edition...
-
963RetailBig Lots' Quarter-To-Date Comp Sales Rise Approximately 7.5 Pct
Big Lots, Inc. said on Wednesday (Jan. 13) that it had experienced a roughly 7.5 percent comparable sales rise on a quarter-to-date...
-
1.1KRestaurant innovationQSRs, Fast-Casual Eateries Acquiring A Taste For Long-Term Loyalty
Loyalty programs are morphing as digital commerce becomes dominant, and consumers figure out who will give them the most bang per buck...
-
1.2KRetailWalgreens To Roll Out Co-Branded Cards With Mastercard, Synchrony
Amid its continuing commitment to provide healthcare offerings and benefits to shoppers, Walgreens is growing its financial services offering with the help...
-
1.9KInvestmentsFinTech Rapyd Closes $300 Million Series D Led By Coatue
Business-to-Business FinTech-as-a-Service (FaaS) startup Rapyd has notched $300 million in a Series D funding round led by Coatue and including both new...
-
1.5KDisbursementsFinTechs, FIs Uniting Over Distributed Banking For Disbursements
Ingo Money CEO Drew Edwards recently told PYMNTS that “Historically, banks have viewed FinTechs through an ‘us versus them’ lens — and...
-
1.8KRetailToshiba Rolls Out Unified Commerce Platform For Retailers
Toshiba Global Commerce Solutions unveiled its ELERA unified commerce platform that will let merchants operate without the bounds of traditional retail IT...
-
977B2B PaymentsWhy Annual Forecasting Has Gone 'Out The Window' For CFOs
At the start of 2020, chief financial officers and their finance teams were going about business as normal, developing forecasts on a...
