News

Investments
Field Service Management Software Platform simPRO Snags $350M, Acquires ClockShark, AroFlo
November 23, 2021

Global field service management software platform simPRO has nailed down a $350 million investment and announced a pair of acquisitions, according to a Tuesday (Nov. 23) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Malicious Shopping Bots Top the Naughty List for Holiday 2021 eCommerce
November 23, 2021

From the apocalyptic AI of Marvel’s Ultron to the time-traveling homicidal programming of “The Terminator,” we can all agree that movie robots are often creepy. And while real code-based bots are embedded in eCommerce for all the right reasons, shopping bots can also be bad....

Investments
Transcription Startup Verbit Valued at $2B Following Series E
November 23, 2021

The artificial intelligence (AI)-powered transcription startup Verbit is looking to expand its workforce after raising $250 million in a Series E round that values the company at $2 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Today in Retail: Dollar Tree Raises Prices; Walmart+ Struggles to Up Paid Members
November 23, 2021

In today’s top retail news, Dollar Tree is permanently raising its prices to $1.25, while Best Buy is counting on healthcare technology and new store formats to help pave its future. Also, Walmart is struggling to grow the membership base of Walmart+, and Klarna is...

Investments
Circle Uses USDC to Make $10.5M Investment in UK Crowdfunding Platform Crowdcube
November 23, 2021

Circle Internet Financial, owner and operator of U.S. startup fundraising platform SeedInvest, announced Tuesday (Nov. 23) that it is leading U.K. firm Crowdcube’s $13.5 million funding round with an investment of $10.5 million. Get the Full Story Complete the form to unlock this article and...

Payment Methods
Liquor Brands Use Gift Cards to Drive Online Sales, Build Brand Loyalty
November 23, 2021

The digital shift may have completely transformed most food and beverage brands and retailers, with consumers getting more of their restaurant and grocery needs met through online channels than ever before. However, one major category has been left out of this trend: alcoholic beverages. A...

Retail
Dollar Tree Breaks the Buck With Expanded $1.25 Pricing Policy 
November 23, 2021

It doesn’t exactly roll off the tongue: “the $1.25 store.” 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...

Payment Methods
Unionpay International Teams up With Payment Services Provider Nets
November 23, 2021

Global payment company UnionPay has reached an agreement with European payment services provider Nets that will allow UnionPay to expand its contactless acceptance throughout the Nordic region, according to a Tuesday (Nov. 23) press release. Get the Full Story Complete the form to unlock this...

B2B Payments
81% of Payors Believe Instant Payments Are Essential for Improving Supplier Relationships 
November 23, 2021

Microbusinesses care deeply about transaction efficiency. Deposits’ timing and ease of access can be crucial to the fiscal viability of these small businesses, as even short delays in payments or income receipt can be financially devastating in a time of extended economic uncertainty.  Get the...