News

B2B Payments
B2B Marketplace Aims to Simplify Nuts-and-Bolts Procurement Processes
January 13, 2022

The fastening products industry is complex, involving myriad back-order products, custom requests and specific documentation about test reports and compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

IPO
Justworks Cites Market Conditions for US IPO Delay
January 13, 2022

Justworks Inc. is delaying its U.S. initial public offering (IPO) because of market conditions, Reuters reported Wednesday (Jan. 12), squelching plans to sell 7 million shares between $29 and $32 and rake in up to $224 million, per a filing earlier this month. Get the...

B2B Payments
FundThrough Buys BlueVine Invoice Factoring Division
January 13, 2022

FinTech FundThrough on Thursday (Jan. 13) announced it has acquired financial technology company BlueVine’s invoice factoring business, accelerating its strategic focus on embedded finance and its expansion efforts in the U.S., doubling the company’s American client base. Get the Full Story Complete the form to...

Security & Fraud
Scammers Using Fake QR Codes on Parking Meters to Divert Payments
January 13, 2022

Parking meters are the latest avenue fraudsters are hitting, with police in several cities warning people to watch for fake QR codes intended to intercept payments and steal credit card information, according to multiple reports on Thursday (Jan. 13). Get the Full Story Complete the...

Wearables
5G Connectivity Expands the Capabilities of Glass Wearables
January 13, 2022

With the addition of 5G connectivity to glass wearables, technicians, engineers, warehouse workers and other remote employees will be able to employ the low latency of 5G while continuing to work hands-free rather than having to hold a phone. This will enable a supervisor to...

B2B Payments
Mastercard Launches Payments Tool For Canadian Businesses
January 13, 2022

Mastercard has formed a partnership with the Bank of Montreal (BMO) and the credit and debit card processing service Moneris Solutions, both of which have joined the Mastercard Track Business Payment Service. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Luxury Brands Louis Vuitton, Prada, Cartier Team to Track Provenance on a Blockchain
January 13, 2022

If you’ve ever shopped in midtown Manhattan, you know that you can buy a Louis Vuitton bag for $2,000 in Neiman Marcus or $20 from the guy across the street with a blanket full of “Louis Vuitton” bags. And without a close inspection, they often...

Retail
Sneaker Reseller StockX Inches Toward IPO As reCommerce Continues to Roil Retail
January 13, 2022

It is possibly the worst kept secret in retail. That Detroit-based sneaker resale platform StockX is looking to go public is hardly a revelation, given a string of fundraisings that, as of April, left it with a $3.8 billion valuation. Get the Full Story Complete...

Digital Banking
Customers in 28 European Countries Can Now Upgrade to Revolut Bank
January 13, 2022

Revolut Bank, a subsidiary of global financial super app Revolut, has announced the launch of its digital banking services in 10 Western European markets, which in addition to the 13 countries where it launched last year, makes its services currently available in 28 countries across...