News

Bitcoin
Bitcoin Daily: Gibraltar to Test Blockchain to Deliver Public Services; Blockchain Analytics Platform Whalemap Nets...
December 08, 2021

The government of the British Overseas Territory Gibraltar will be using blockchain to help with delivering public services, per a press release Tuesday (Dec. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
OpenSea Only Thinking of IPO That May Include NFT Community, CFO Says
December 08, 2021

Newly hired OpenSea CFO Brian Roberts has clarified that the company isn’t necessarily going public yet, but is looking at “what an IPO will look like,” a Crypto Economy report said Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article...

International
UK AgTech Firms Use AI, New Technology to Reduce Labor Costs, Improve Food Production
December 08, 2021

More and more machines and innovative software are being used to digitize labor-intensive farming practices and optimize food production, boosting growth in agricultural technology (AgTech). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
French Super App Lydia Raises $100M, Valued at $1B
December 08, 2021

The French mobile financial services platform Lydia has raised $100 million in a Series C round, funding that values the company at north of $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Digital Banking
Chase Bank Expands Overdraft Protection Options
December 08, 2021

Chase Bank is adding more options for customers to avoid overdraft fees in 2022, per a Wednesday (Dec. 8) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Today in Retail: Stitch Fix Pivots to Direct Purchases; Wayfair Bets Stores Can Support Flagging...
December 08, 2021

In today’s top retail news, Stitch Fix is focusing on its new Freestyle direct purchase feature to make up for its suffering subscription business, while supply chain issues are causing more headaches for production of new Apple products. Also, Wayfair is planning to open three...

Banking
Embedded Finance Will Reach a $7T Value Globally in the Next 10 Years
December 08, 2021

As firms, their customers and their financial partners race to keep up with the growing appetite for emerging digital tools, one concept that promises to shape the future of payments is embedded finance. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Walmart Canada Debuts Interac Debit Payments for App, Online Shopping
December 08, 2021

Walmart Canada and Interac Corp. have partnered to offer the retailer’s customers the ability to pay with Interac Debit for online purchases at Walmart.ca and in-app using Apple Pay, according to a Wednesday (Dec. 8) press release. Get the Full Story Complete the form to unlock this...

B2B Payments
60% of US and UK Businesses Report Cross-Border Payment Fraud as Pain Point
December 08, 2021

With professionals around the globe working from home during the pandemic, and many using their home networks and personal devices to conduct business, many have struggled to rebuild their cybersecurity infrastructures from scratch, and have scrambled to figure out how to protect their organizations’ data. ...