News

B2B Payments
40% of Large Firms Expect Digitization of AR/AP Processes to Improve Customer Satisfaction 
October 18, 2021

Not long ago, offering business customers payment method flexibility was something that was largely confined to innovative companies with well-resourced accounting departments.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Partnerships / Acquisitions
Cybersource and EBANX Team Up on Brazil Payments Platform 
October 18, 2021

eCommerce credit card payment platform Cybersource and Brazilian FinTech EBANX announced on Monday (Oct. 18) a collaboration that will streamline payments for customers across Brazil.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Deel Nets $425M in Series D Funding
October 18, 2021

Remote hiring company Deel has generated $425 million in its most recent Series D funding round, pushing the total amount raised to more than $630 million, according to a Monday (Oct. 18) press release. Get the Full Story Complete the form to unlock this article...

B2B Payments
Expensify Rolls Out Cards, Free Services for SMBs
October 18, 2021

Expense management software company Expensify rolled out its Free Plan for small and medium-sized businesses (SMBs) on Monday (Oct. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
Alibaba Buys Stake in Ocean Liner Company Transfar Shipping 
October 18, 2021

Chinese eCommerce platform Alibaba last year bought just over 10% of Singapore-based ocean liner operator Transfar Shipping, which sails between China and the west coast of the U.S., according to a report in The Loadstar on Monday (Oct. 18).  Get the Full Story Complete the...

International
Scottish Students’ Faces Scanned for Contactless Lunch Payments
October 18, 2021

Nine schools in the North Ayrshire area of Scotland started using facial recognition on Monday (Oct. 18) to verify the identities of children for lunch payments as a way to speed the process as well as make it contactless. Get the Full Story Complete the...

IPO
Bakkt’s IPO Signals Connected Economy Growth, Aided by Platforms 
October 18, 2021

Cryptocurrency exchange Bakkt, having completed a special purpose acquisition company (SPAC) combination with VPC Impact Acquisition Holdings, saw its shares slip early in its first day of trading. At this writing, the stock was down a bit more than 1%. Get the Full Story Complete...

Bitcoin
Square Considering Bitcoin Mining System, Dorsey Says
October 18, 2021

The payment processing company Square is considering developing a bitcoin mining system based on “custom silicon and open source” for people and businesses all over the world. That’s according to published reports and a series of tweets from Twitter/Square CEO Jack Dorsey over the weekend....

Cross-border Payments
Mastercard, Previse Partner on Cross-Border Payment Services  
October 18, 2021

Mastercard and British artificial intelligence-powered payments FinTech company Previse have joined forces on the integration of Mastercard Cross-Border Services, according to a Monday (Oct. 18) press release. The collaboration enables funds to be sent securely to any account as part of Previse’s InstantPay platform. Get the Full...