News

B2B Payments
Canadian Businesses Wait 41 Days to Get Paid
December 15, 2021

Canadian businesses are waiting longer than ever to realize the revenue from their sales. Today, the average days sales outstanding (DSO) reported by Canadian firms is 41 days, according to Accelerating The Time To Realized Revenue: Canada Snapshot, a PYMNTS and Mastercard collaboration that interviewed 100 Canadian corporate executives. Get the...

Partnerships / Acquisitions
Narvar Acquires Lumi to ‘Revolutionize Packaging’
December 15, 2021

Customer experience firm Narvar says it has acquired packaging firm Lumi in an effort to “revolutionize packaging as the new storefront.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

eCommerce
Google Rolls out eCommerce Storefronts for Creators
December 15, 2021

Similar to Shopify, Google has rolled out a U.S. beta launch of Qaya, a platform that helps creators develop web storefronts to sell their products and services, according to a Wednesday (Dec. 15) Google blog. Get the Full Story Complete the form to unlock this...

B2B Payments
34% of Real Estate B2B Payments Are Made by Check 
December 15, 2021

While digitization has been a nearly universal pursuit for company finance leaders over the past year, it has played out differently in various sectors. This reflects the fact that every industry has had its own set of challenges and pain points.  Get the Full Story...

Investments
Papaya Raises $50M to Improve Bill Payment
December 15, 2021

Consumer payments firm Papaya is looking to help people pay more of their bills — and pay them on time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Luxury Reseller Rebag Bags $33M in Series E
December 15, 2021

The online luxury goods reseller Rebag says it has raised $33 million through a Series E round, bringing the firm’s total funding to $101 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Microsoft: Foreign Governments Backing Log4j Hackers
December 15, 2021

Hackers backed by China and other nations are part of an increasing cohort looking to expose weaknesses in computer server software, according to Microsoft and cybersecurity experts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Synchrony Announces Strategic Investment in ePayments Platform Skipify 
December 15, 2021

Financial services company Synchrony on Wednesday (Dec. 15) unveiled a strategic investment in digital payments company Skipify that gives merchants the opportunity to give their customers a one-tap checkout solution.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Crypto Payments Infrastructure Startup Ramp Closes $52.7M Series A
December 15, 2021

Payments infrastructure crypto startup Ramp closed a Series A funding deal led by Balderton Capital, with participation by existing backers NFX, Galaxy Digital, Seedcamp, Firstminute Capital and angel investors Wise co-founder Taavet Hinrikus and TrueLayer’s Francesco Simoneschi. Get the Full Story Complete the form to...