News

Cross-border Payments
East-West Commerce Gets Biometrics Boost and Automated Compliance
November 02, 2022

The promise of cross-border commerce is always the opportunity to tap into new markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Delivery
Uber’s Grocery Investments Boost Platform-Wide Engagement
November 01, 2022

Early results show that Uber’s investments in its grocery offerings are paying off, by both driving adoption and strengthening the platform’s cross-vertical engagement, company executives shared in prepared remarks Tuesday (Nov. 1) discussing the company’s third quarter financial results. Get the Full Story Complete the...

Security & Fraud
FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
November 01, 2022

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Payment Methods
Musk’s Twitter-as-Payments-App Narrative Gains Steam
November 01, 2022

There’s a growing narrative that Tesla CEO Elon Musk isn’t just planning to make payments a key part of his plans to remake Twitter, but that he bought the social media giant as part of a plan to remake payments. Get the Full Story Complete...

Payment Methods
Extend Launches API for Issuing and Managing Virtual Cards
November 01, 2022

Virtual card and spend management platform Extend has launched an application programming interface (API) that helps small to medium-sized businesses (SMBs) make and manage card payments from their existing credit card accounts.  Get the Full Story Complete the form to unlock this article and enjoy...

Banking
UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
November 01, 2022

Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and Lloyds — have recorded a surge in income, capitalizing on the increase in the difference between what they charge borrowers...

B2B Payments
Ampla Acquires Upside and Plans B2B BNPL Product
November 01, 2022

FinTech platform Ampla Technologies has acquired extended payment terms firm Upside Financing and will launch a new B2B buy now, pay later (BNPL) product called Ampla Pay Later.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Simon Property CEO Says Brick-and-Mortar Is Strong as eCommerce Is Flatlining
November 01, 2022

In his inimitable style, the billionaire CEO of the nation’s largest mall owner had a blunt message for investors Tuesday (Nov. 1) saying that Simon Property Group’s core business is strong and seeing no slowdown in demand for physical space. Get the Full Story Complete...

Retail
Amazon Launches Lending to Keep Sellers On Board
November 01, 2022

The vendor financing business just got a bit more competitive as eCommerce leader Amazon announced Tuesday (Nov. 1) that it is launching a new merchant cash advance option it says is simple and flexible with repayment options that are tailored to the ebb and flow...