News

Banking
HSBC Will Roll Out BaaS Platform
October 19, 2021

HSBC is rolling out a Banking as a Service (BaaS) platform that will “enable customers to create and provide business banking services through their own platforms,” with a little help from cloud ERP system Oracle NetSuite, according to a Tuesday (Oct. 19) announcement. Get the...

Investments
Indian FinTech Cred ’s $251M Funding Pushes Company’s Value to $4B
October 19, 2021

Credit card bill payment platform Cred has generated $251 million in a Series E funding round, according to a Tuesday (Oct. 19) report from Deal Street Asia. Co-led by Tiger Global Management and Falcon Edge Capital with participation from new investors Marshall Wace and Steadfast...

B2B Payments
Average Firm Loses $85K Annually on Purchases Made Outside of Company Policy
October 19, 2021

The shift to remote working arrangements during the pandemic has complicated some operations for finance teams, especially in employee spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
PrimeRevenue Rolls Out B2B Payments Offering
October 19, 2021

Working capital FinTech PrimeRevenue, Inc. on Tuesday (Oct. 19) announced the debut of the PrimeRevenue SurePay platform to simplify B2B payment services and allow for early and on-time payments across the entire supply chain. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Instacart Acquires Smart Cart Creator Caper AI to Power Omnichannel Tech for Grocery Store Customers
October 19, 2021

With the major restaurant delivery services making plays for Instacart’s customers, Instacart is stepping up its efforts to meet grocers’ digital needs. The online grocery platform announced on Tuesday (Oct. 19) that it is acquiring Caper AI, a company that creates smart carts for checkout-free...

B2B Payments
Barclaycard Integrates With SAP Upscale Commerce
October 19, 2021

Barclaycard Payments has expanded its relationship with SAP through an integration of the Barclaycard Smartpay gateway into SAP’s Upscale Commerce Platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Partnerships / Acquisitions
Vonage Tests Conversational Commerce With Jumper.ai Merger
October 19, 2021

Cloud communications company Vonage has purchased Jumper.ai, a Singapore-based omnichannel conversational commerce solutions provider, according to a Tuesday (Oct. 19) press release. Financial details of the transaction were not disclosed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Eedenbull Adds Diners Club International as B2B Payment Partner  
October 19, 2021

B2B payments-focused FinTech EedenBull and global payment services platform Diners Club International on Tuesday (Oct. 19) announced a strategic partnership to fill in some of the gaps they see in the space, according to a Financial IT report.  Get the Full Story Complete the form...

Partnerships / Acquisitions
Digital Bank Lunar Snags Payments Platform Paylike 
October 19, 2021

Danish digital bank Lunar announced Tuesday (Oct. 19) it has acquired payments platform Paylike for an undisclosed amount, according to a Fintech Futures report, in a move that will allow Lunar’s business customers to receive eCommerce payments directly.  Get the Full Story Complete the form...