News

Cross-border Payments
The Clearing House: New Messaging, Faster X-Border Payments ‘Will Change Correspondent Banking’ 
October 21, 2021

The pain points in cross-border payments are acute. 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 form, you...

Security & Fraud
Deepfakes Challenge Existing Identity Verification Tech
October 21, 2021

Hollywood-style image manipulation that used to require a huge investment and a team of talented people with above-average expertise can now be attained by anyone with a smartphone. Developments like these, which have gained attention following a spate of high-profile deepfake videos being posted on...

B2B Payments
Kroger Launches Private Marketplace for Brands to Reach Consumers
October 20, 2021

Kroger Precision Marketing (KPM) has debuted a private programmatic advertising marketplace for brands and marketers of consumer packaged goods (CPGs), Supermarket News reported Wednesday (Oct. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Wells Fargo Invests $10M in Cloud Payments Firm Volante
October 20, 2021

Volante Technologies, a cloud pay and financial messaging firm, announced in a Wednesday (Oct. 20) press release that it received $10 million in growth funding from Wells Fargo Strategic Capital. This brings the total institutional investment for the company up to $45 million. Get the Full...

Faster Payments
Federal Reserve Debuts Website, Tools in Advance of FedNow, Instant Payments Launch
October 20, 2021

The Federal Reserve has rolled out new resources to offer education, preparation and ecosystem innovation for instant payments, according to a Wednesday (Oct. 20) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Reserve Bank of India Fines Paytm, Western Union for Regulations Violations
October 20, 2021

The Reserve Bank of India (RBI) has announced a monetary penalty of Rs 1 crore (about $133,670) on Paytm Payments Bank for the charge of submitting information not reflecting the facts, Business Standard reported Wednesday (Oct. 20). That is an offense to the central bank’s Payments...

Retail
Today in Retail: Ulta Beauty Bolstering Digital Abilities; Shopify Teams up With Spotify
October 20, 2021

In today’s top retail news, Ulta Beauty is trying to build the “digital store of the future,” while Shopify is set to help Spotify artists sell merchandise through a new partnership with the streaming music company. Also, global beauty brand Mary Kay has launched a...

Social Commerce
PayPal Said to Be Negotiating Pinterest Buy
October 20, 2021

PayPal Holdings Inc. is having discussions about buying social media platform Pinterest, people familiar with the talks told The Wall Street Journal on Wednesday (Oct. 20), in a deal that would add a new dimension to the payment platform’s offerings. Get the Full Story Complete...

Investments
Automotive and IoT Cybersecurity Software Firm Dellfer Nets $8M in Series A
October 20, 2021

Dellfer, an automotive and IoT cybersecurity software company, announced an $8 million Series A investment from mobility supplier DENSO and specialist cybersecurity private equity firm Option3. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...