News

Merchant Innovation
Square Inc. is Now Block; Brand to Remain
December 01, 2021

Payments company Square will now be called Block, establishing the latter name as its corporate entity, according to a press release Wednesday (Dec. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bitcoin
Bitcoin Daily: Nodl Debuts Offering to Let Developing Countries Take Bitcoin
December 01, 2021

Nodl, a hardware bitcoin node provider, has debuted a new node offering for merchants in developing countries, Bitcoin Magazine reported Wednesday (Dec. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Crypto Startup Investors Bypass Asia in Favor of Backing US Firms
December 01, 2021

China’s crackdown on technology companies and cryptocurrencies has venture capitalists looking to back companies in the U.S. instead of Asia, a scenario that hasn’t happened since 2017, Bloomberg reported Wednesday (Dec. 1). Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
CFPB to Heavily Regulate Overdraft Fees From Banks
December 01, 2021

The Consumer Finance Protection Bureau (CFPB) is making it so banks can’t charge fees to customers overdrawing checking accounts, the financial watchdog announced Wednesday (Dec. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
UK’s Cazoo Launches in France and Germany, Intensifies Competition in Europe’s Used Car Market
December 01, 2021

Cazoo, one of Europe’s leading online car retailers, announced on Wednesday (Dec. 1) that it has launched its used car marketplace in both France and Germany, after making its first step toward European expansion in February with the purchase of Germany’s leading car subscription service,...

International
Bexs Banco-Thunes Collaboration Brings Real-Time Payments to Brazil
December 01, 2021

Singapore-based global payments company Thunes has teamed up with Brazil-based international digital payments platform Bexs Banco to bring real-time payments to Brazil, the companies announced Wednesday (Dec. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
As CFPB Blasts Unfair Overdraft Fees, Capital One Says It’s Eliminating Them
December 01, 2021

Well, that was fast. 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, PYMNTS Today. By completing this form, you agree to receive marketing...

B2B Payments
Mastercard, Meta Team on SMB Digitization Webinar
December 01, 2021

Mastercard will be working with Meta to help digitize more small- to medium-sized businesses (SMBs) in the Middle East and Africa (MEA) through a training webinar, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Today in Retail: Walmart Rents Pop-Up Space Near Ports; Toys R Us Opening New Jersey...
December 01, 2021

In today’s top retail news, Walmart is renting a pop-up yard near California ports to combat supply chain issues, while retailers are upping their in-store game in an effort to lure holiday shoppers. Also, Toys R Us is planning to open a store in New...