News

Faster Payments
Fed Says FedNow, Instant Invoices Put Control in Payers’ Hands
July 27, 2022

2023 will be a transformative year for financial services, marked by a new addition to the world of instant payments, Bernadette Ksepka, vice president and deputy head of product management for the FedNow SM Service Program, told PYMNTS in a recent interview. Get the Full...

Cross-border Payments
Customers Prefer Simple, Not Super App, Experience When Sending Money Cross Border, Says Atlantic Money...
July 27, 2022

Most FinTech firms that started out a decade ago came to market with a single, easy-to-use financial product that customers loved — whether it was stock trading, money transfer or international card payments. Get the Full Story Complete the form to unlock this article and...

Investments
Activist Investor Elliott Management Now Has Stake in PayPal and Pinterest
July 26, 2022

Activist investor Elliott Management has reportedly taken an undisclosed stake in PayPal, The Wall Street Journal reported Tuesday (July 26) night, citing unnamed sources familiar with the matter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
RocketFuel Blockchain Launches B2B Cross-Border Settlements Solution
July 26, 2022

RocketFuel Blockchain, which provides payment solutions using cryptocurrencies, announced Tuesday (July 26) that it has debuted a new B2B cross-border settlements solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Social Commerce
Social Commerce Evolution’s in Motion at Instagram
July 26, 2022

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 Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

eCommerce
Shopify Cutting 10% of Global Workforce
July 26, 2022

Canadian eCommerce company Shopify is slashing 10% of its global workforce or roughly 1,000 people, The Wall Street Journal reported on Tuesday (July 26) citing an internal memo seen by the publication. Get the Full Story Complete the form to unlock this article and enjoy...

Fintech Investments
“Pro-American” FinTech GloriFi Plans $1.7B SPAC Deal
July 26, 2022

GloriFi, a Dallas tech company that bills itself as “pro-freedom, pro-America, pro-capitalism,” is getting ready to go public in a blank check merger worth $1.7 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Delivery
Freight Companies Go Green — and Forgo Costly EV Leases — With ‘Trucks-as-a-Service’
July 26, 2022

As shippers aim to meet sustainability mandates and carriers look to switch to electric vehicles (EVs), both parties are finding that the project is complicated and expensive.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Financial Firms Increasingly Victimized by ‘Cryptojacking’ Attacks
July 26, 2022

Financial firms — including banks and trading houses — are becoming increasingly victimized in attacks where hackers aim to use their computer systems to mine cryptocurrencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...