News

Cross-border Payments
As Merchants Go Digital and Global, Payments Orchestration Needs an Overhaul
February 07, 2022

Not all that long ago, being a payments service provider (PSP) was a relatively simple affair. 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...

Banking
Advocacy Groups Call on Regulators to Ban High-Interest Rate FinTech Loans
February 06, 2022

A coalition of advocacy groups wants U.S. regulators to look more into banks partnering with FinTechs to charge predatory interest rates that would be otherwise illegal in the lenders’ home states, Bloomberg reported Friday (Feb. 4). Get the Full Story Complete the form to unlock...

International
Chinese Businesses Test Water for US IPOs in Wake of Clampdown
February 06, 2022

Several companies are vying to be the first China-headquartered business to go public in the U.S. since July, Financial Times writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Equifax Finalizes Breach Settlement, to Start Fulfilling Claims
February 06, 2022

Equifax has reached a settlement over its data breach, according to an update put out by the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Indian B2B Logistics Firm Loadshare Nets $40M for Expansion
February 06, 2022

Loadshare, a B2B logistics firm based in India, has raised $40 million in a Series C funding round, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
British FinTech Railsbank Looks to Raise $100M
February 06, 2022

London-based FinTech Railsbank, which offers digital banking services, is now closing in on unicorn status, Sky News reported Friday (Feb. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

IPO
FinTech Ebanx Delays US IPO Over Market Volatility
February 06, 2022

FinTech firm Ebanx recently delayed its U.S. initial public offering (IPO) because of market volatility, Bloomberg reported Friday (Feb. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
EMEA Daily: CMA Fines Meta $2M for Violating Initial Enforcement Order; Europe Continues Regulatory Spree...
February 04, 2022

In today’s top Europe, Middle East and Africa (EMEA) news, the U.K.’s competition regulator has fined Meta $2 million for failing to reveal staff departures, and the European Commission will propose legislation to deal with microchip shortages in Europe. Get the Full Story Complete the...

Investments
Taffi Raises $2M+ Seed Funding for AI-Powered Fashion Marketplace
February 04, 2022

Artificial intelligence (AI)-powered fashion marketplace Taffi has raised more than $2 million in seed financing, Magnitt reported Friday (Feb. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....