Cleveland-based financial service company KeyBank National Association has purchased B2B digital banking-as-a-service (BaaS) platform XUP Payments, according to a Monday (Nov. 22) press release. Financial details of the transaction were not disclosed. Get the Full Story Complete the form to unlock this article and enjoy...
Brussels has proposed an end to almost all cross-border selling of services by banks based outside the European Union, according to a Financial Times report Monday (Nov. 22), a move that could hurt lenders in London and other financial institutions without staff or a solid...
China’s B2B cross-border eCommerce marketplace DHgate partnered with Google to launch a joint advertisement solution for the 2.3 million exporters selling on its marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
American Express’ pitch to business customers that using an AmEx card to pay employees and suppliers turned out to be built on a flawed premise that generated billions for the company but cost customers because of “a shaky interpretation of how tax law treats rewards...
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Crypto payments infrastructure provider MoonPay Inc. has generated $555 million in an all-equity Series A funding round, driving the 2-year-old company’s valuation to $3.4 billion, according to a Monday (Nov. 22) press release. The funding round was led by Tiger Global Management and Coatue, with contributions...
TheDrop.com, a youth lifestyle marketplace platform, has raised $4.6 million through a Series A funding round, bringing the company’s total funding to $8.5 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The U.K. Payments System Regulator (PSR) is requiring repayment to victims of authorized push payment (APP) fraud after more than 350 million pounds ($469 million) were swiped in the first half of 2021, according to a Thursday (Nov. 18) report from Computer Weekly. Get the...
Target is keeping its stores closed permanently on Thanksgiving Day, according to an Associated Press report on Monday (Nov. 22), indefinitely extending a practice that started when the ongoing spread of the COVID-19 pandemic caused retailers to change the way they approach the unofficial kickoff...
