News

B2B Payments
Proxtera Expands to Reach Digitizing SMBs
October 28, 2021

B2B marketplace network Proxtera is expanding its reach as more small- to medium-sized businesses (SMBs) are beginning to digitize, including adding to its network in Asia and Africa next year, The Business Times reported Wednesday (Oct. 27). Get the Full Story Complete the form to...

Security & Fraud
Data Security Prompts Worldpay to Switch to POS Devices From PAX Terminals
October 27, 2021

The FIS online payments processing unit, Worldpay from FIS, is replacing terminals from PAX Global Technology because of security concerns, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Partnerships / Acquisitions
InsurTech Porch Group Buys SaaS Provider Floify
October 27, 2021

Porch Group, which works in virtual software for the home services industry, has bought digital mortgage automation and point-of-sale (POS) company Floify, according to a Wednesday (Oct. 27) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Bitcoin
Bitcoin Daily: UK Police Seize Over $2M in Crypto Scam; Miami-Dade County Creates Task Force...
October 27, 2021

U.K. police have seized over $2.7 million in cryptocurrency after an investigation officials termed a “sophisticated cyber fraud,” the Lincolnshire Police announced in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Just 30% of SMBs Have Taken Steps to Automate AP Processes
October 27, 2021

As more businesses make the shift to fully digital transaction processes, new PYMNTS data suggests concerns about the move to real-time payments are making that transfer more difficult, especially for small- to medium-sized businesses (SMBs), as the cost of making such upgrades is affordable only...

IPO
Warren Buffett-Backed FinTech Nubank Files Confidentially for IPO
October 27, 2021

Brazilian FinTech Nubank, which is backed by Warren Buffett’s Berkshire Hathaway, has confidentially filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE), Bloomberg reported Wednesday (Oct. 27). Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Today in Retail: Social Media Keeps Spotlight on Shopping; Poshmark Invites Brands to Sell on...
October 27, 2021

In today’s top retail news, social media companies are continuing to build commerce ecosystems on their platforms, while retailers are emphasizing curbside pickup for consumers to avoid exacerbating the inefficiencies of delivery. Also, Poshmark is now allowing brands to sell merchandise directly on its platform,...

Payment Methods
Apollo Fintech Rolls Out Cross-Border Payment Network
October 27, 2021

Apollo Fintech on Wednesday (Oct. 27) announced its bank wire network, Knox Wire, will debut Jan. 15, 2022, and that registrations are now available for the platform, which can process same-day cross-border payments for almost 20,000 financial institutions around the world. Get the Full Story...

Investments
QuickNode Raises $35M for Blockchain Development Platform
October 27, 2021

Blockchain development platform QuickNode has raised $35 million in Series A funding round to help companies and software engineers integrate with blockchain infrastructure, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...