News

Partnerships / Acquisitions
Alabama’s Avadian Credit Union to Buy Citizens State Bank
December 21, 2021

Avadian Credit Union has agreed to buy Citizens State Bank in its home state of Alabama, in a move that marks the 13th time this year a credit union (CU) has acquired a bank. Get the Full Story Complete the form to unlock this article...

Retail
Amazon Leverages ‘Fresh’ Brand to Gain Ground Against Instacart
December 21, 2021

After losing to Instacart at the aggregator game, Amazon has pivoted to first-party grocery sales with the rapid expansion of its Fresh brand. On Thursday (Dec. 16), the retail giant opened its tenth Amazon Fresh store in California, the Orange County Register reported. The locations...

Banking
ING Says Au Revoir to French Retail Banking
December 21, 2021

Dutch financial services firm ING is leaving behind its French retail banking operations, a decision that may impact 460 workers, according to a Tuesday (Dec. 21) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Biometrics
Polish Bank Rolling Out Biometric Cards Through Thales, Fiserv and Mastercard 
December 21, 2021

Technology company Thales, FinTech Fiserv and payments giant Mastercard are rolling out biometric cards across Poland, with Bank Pocztowy being the financial institution to offer the futuristic payment and identification cards to their customers, according to a report by The Paypers Tuesday (Dec. 21).  Get...

eCommerce
Europe to Account for 28% of Cross-Border eCommerce’s Trillion-Dollar Sales in 2022
December 21, 2021

According to a recent PYMNTS report which examines the latest cross-border retail payments developments, cross-border eCommerce sales are expected to continue soaring next year as COVID-19 lockdowns and the subsequent acceleration of digitization have increased consumers’ comfort level with online overseas transactions. Get the Full...

IPO
Snapdeal IPO Filing Spotlights India’s Great Digital Shift, Competitive Pressures 
December 21, 2021

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 communications from PYMNTS and...

Partnerships / Acquisitions
Team8, Deloitte Partner to Bolster FinTech Innovation
December 21, 2021

Team8, an Israeli creator of cybersecurity startups, is partnering with Deloitte, an auditing, consulting, tax and advisory services provider to develop and implement cutting-edge technologies for financial services, according to a Tuesday (Dec. 21) press release. Get the Full Story Complete the form to unlock...

Payment Methods
Mastercard Teams with Google Pay in India to Drive Tokenization for Card Payments
December 21, 2021

Mastercard and Google Pay are teaming up to launch tokenization that will enable users in India to make payments using a secure digital token without the need to share debit or credit card information, according to multiple reports. Get the Full Story Complete the form...

B2B Payments
62% of Firms Realize DSO Improvement From AR Automation
December 21, 2021

Manual accounts receivable (AR) processes create several significant pain points for businesses. The pandemic is amplifying these problems as firms struggle to reconcile their invoices and minimize their own cash flow crunches. One effect has been significant increases in days sales outstanding (DSO). Get the Full Story Complete the...