News

Security & Fraud
Credit Card Skimmer Leads to Costco Data Breach
November 12, 2021

Retail giant Costco Wholesale Corporation sent letters this month to its customers alerting them that their payment information may have been stolen through a credit card skimmer while they were shopping at one of their stores, according to a BleepingComputer report Friday (Nov. 12). Get...

International
Philippines Central Bank Exploring Regional Payment Network
November 12, 2021

Philippine central bank Bangko Sentral ng Pilipinas (BSP) is looking into creating a cross-border payment network across Singapore, Malaysia and Thailand, according to an ABS-CBN News report on Friday (Nov. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Today in B2B: SMBX Offers Bonds, Not Loans to SMBs; Small Businesses Prioritize Automating AR 
November 12, 2021

Today in B2B payments, FinTech SMBX offers bonds rather than bank loans to small- to medium-sized businesses (SMBs). Plus, Veem announces their Partner Connect program for global AP/AR-as-a-Service, and one-third of small businesses are planning to automate their accounts receivable by 2025.  Get the Full...

Partnerships / Acquisitions
Ship.Cars, Montway Partner Ahead of Used Car Week 
November 12, 2021

The automotive transport company Ship.Cars has formed a partnership with the logistics brokerage Montway Auto Transport.   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...

IPO
IPO/SPAC Announcements Get a Boost from Paytm and Presto 
November 12, 2021

IPOs and SPAC announcements in the banking sector this year to date have totaled 61, followed by firms that are engaged in transforming the way companies’ workflows operate (the “work”) segment, at 48.  The activity was decidedly international in scope.  Payments firms follow, with 36...

News
This Week in Payments: Crypto Use Doubles, Delivery Is Everything in Retail, and BNPL Is...
November 12, 2021

Crypto made news this week on a couple of fronts. For one, Coinbase reported earnings that were a bit of a disappointment from the Street’s perspective, with both trading volumes and active users down. Notably, Coinbase advocated for a single digital asset regulator, mentioning that...

Partnerships / Acquisitions
Booking Holdings Acquiring Hotel Room Distributor Getaroom 
November 12, 2021

Booking Holdings Inc. on Friday (Nov. 12) agreed to acquire B2B hotel room distributor Getaroom from Court Square Capital Partners for about $1.2 billion and will roll it into the Priceline brand, subject to customary closing conditions including regulatory approval, according to an Associated Press...

Delivery
DoorDash and Grubhub Race To Offer Restaurants the Most Flexible Fulfillment
November 12, 2021

When online delivery orders made up only a small fraction of all sales, the turnkey solution was the best option for most restaurants. Third-party aggregators gave them access to digital order-taking and payment tools and drivers to fulfill delivery orders, as well as a marketplace...

International
With AfCFTA, African FinTechs See SMB Investment Opportunities 
November 12, 2021

FinTech startups in Africa are ballooning beyond their borders to access a wave of new investments expected to arrive with the advent of the African Continental Free Trade Area (AfCFTA).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...