News

Investments
Musk’s Pitch to Twitter Investors: Quintuple Revenue, Cut Reliance on Ads, Grow Payments
May 08, 2022

Billionaire Elon Musk, still set to buy social media app Twitter, has plans to “quintuple revenue” to $26.4 billion by 2028, The New York Times (NYT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
BlueSnap Gets License To Keep Helping Israeli Companies With Finances
May 08, 2022

BlueSnap, which works in global payments and provides advanced payment and clearing services, now has a license from Israel’s Capital Market, Insurance and Savings Authority to provide financial asset services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Sending Data as Fast as Money Is Key to B2B Payments Innovation
May 06, 2022

Paper-based B2B payment processes are becoming increasingly costly for firms, as the time it takes to finalize them grows lengthier and lengthier, leading accounts receivable (AR) and accounts payable (AP) teams to seek solutions. Get the Full Story Complete the form to unlock this article...

B2B Payments
Platforms, Marketplaces Pave the Digital Path for Better B2B Ecosystems
May 06, 2022

It’s become commonplace to look to the consumer and consumer-focused commerce to see just how far digital platforms and online marketplaces have come. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Today in B2B: Morgan Stanley Unveils Small Business Academy Participants; Limepay Talks Keeping Customer Payments...
May 06, 2022

Today in B2B payments, Limepay says everyone wins when businesses keep customer payments in-house, and Rali_cap unveils a $30 million fund for FinTechs in emerging markets. Plus, companies can compete for more talent if they streamline their background checks, and Morgan Stanley picks 10 small...

Retail
Sweetgreen Rethinks Loyalty with an Eye Toward Subscription Commerce
May 06, 2022

Sweetgreen, the Los Angeles-based, health-focused fast-casual chain with over 150 restaurants, is looking to combine a subscription model with more traditional restaurant rewards to boost loyalty with digital customers going forward. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Mining Capital Coin CEO Indicted in $62M Crypto Fraud Scheme
May 06, 2022

Mining Capital Coin CEO and founder Luiz Capuci Jr. was indicted for allegedly masterminding a $62 million global investment fraud scheme through his purported cryptocurrency mining and investment platform, the U.S. Department of Justice announced Friday (May 6). Get the Full Story Complete the form...

Regulation
SEC: NVIDA Failed to Disclose Cryptomining Impact on Gaming Business
May 06, 2022

The Securities and Exchange Commission (SEC) on Friday (May 6) said technology company NVIDIA Corporation in consecutive quarters in fiscal 2018 made “inadequate disclosures concerning the impact of cryptomining on the company’s gaming business,” according to a press release. Get the Full Story Complete the...

Investments
Switzerland-Based Global Blue Backed With $225M to Pursue Acquisitions
May 06, 2022

Switzerland-based technology and payments company Global Blue has secured a $225 million strategic growth equity investment from CK Opportunities Fund, an investment fund co-managed by Certares Opportunities, and Knighthead Opportunities Capital Management, according to a Friday (May 6) press release. Get the Full Story Complete...