News

Security & Fraud
Employee Insiders Suspected of Stealing UK Banking Data
December 12, 2021

Fraudsters-turned-bank-employees are suspected of infiltrating U.K. financial institutions (FIs) and committing crimes, The Telegraph reported. 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,...

Regulation
PATA Act Would Oblige Social Media Firms to Disclose Data to Researchers
December 10, 2021

A new bill, titled The Platform Accountability and Transparency Act (PATA), would oblige social media firms to share platform data with independent researchers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Today in Retail: Chewy Hits 20M Active Members; Nike Files Complaint Against Adidas Over Patents
December 10, 2021

In today’s top retail news, Chewy surpassed 20 million active customers in the third quarter as it continues to build out a pet health platform, while Nike has filed a complaint with the U.S. International Trade Commission asking it to block imports of certain Adidas...

International
Ireland’s Synch Payments Facing Probe From Ireland’s Competition Watchdog
December 10, 2021

Ireland’s competition watchdog announced Wednesday (Dec. 8) that is launching a full investigation into Synch Payments, a joint venture by AIB, Bank of Ireland, Permanent TSB and KBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Partnerships / Acquisitions
London FinTech Twig Acquires Used Clothing Marketplace Loopster
December 10, 2021

London-headquartered next-generation FinTech and banking app Twig Group acquired secondhand clothing marketplace Loopster for an undisclosed amount. 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...

Partnerships / Acquisitions
Bottomline Technologies Exploring Possible Sale
December 10, 2021

Payment and invoice management platform Bottomline Technologies Inc. is looking into a potential sale and is working with Deutsche Bank AG on its options, people with knowledge of the situation told Bloomberg on Thursday (Dec. 9). Get the Full Story Complete the form to unlock...

Investments
Data Platform Spend Matters Closes Investment Deal from Copley
December 10, 2021

Proprietary tech-enabled data platform Spend Matters closed an investment deal with private investment firm Copley Equity Partners for an unspecified amount, according to a press release on Friday (Dec. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
53% of Companies Plan to Automate Their Invoice Delivery Systems 
December 10, 2021

Digitizing business-to-business (B2B) payment processes that have long been manual is no easy task, but this action is becoming more necessary for companies operating globally. Organizations continue migrating toward digital channels and are beginning to incorporate newer technologies to assist their accounts payable (AP) and accounts...

Investments
Inrupt Raises $30M to Expand Global Footprint 
December 10, 2021

User data platform Inrupt has raised about $30 million in its Series A financing round, giving Worldwide Web inventor Tim Berners-Lee and technologist John Bruce fresh capital for global expansion.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...