News

B2B Payments
Canada’s Wildpack Beverage to Start Taking Crypto Payments for Manufacturing, Packing
October 13, 2021

Aluminum can sleeving startup Wildpack Beverage is now accepting bitcoin and other cryptocurrencies as optional forms of payment for customers of its beverage manufacturing and co-packing services, according to a Tuesday (Oct. 13) press release. Get the Full Story Complete the form to unlock this...

Loyalty & Rewards
Getting Creative With Digital Loyalty Keeps QSRs’ Health-Concerned Customers Engaged
October 13, 2021

Restaurant rewards are increasingly becoming the norm for quick-service restaurants (QSRs). In the past month alone, Focus Brands-owned bakery giant Cinnabon launched its Cinnabon Rewards program, California-based Mexican-style QSR Del Taco launched its Del Yeah! rewards app, and McDonald’s expanded its MyMcDonald’s Rewards program to...

IPO
AvidXchange IPO Raises About $660M on Initial Market Cap of $4.8B
October 13, 2021

Accounts payable (AP) and payment automation platform AvidXchange Holdings, Inc. on Wednesday (Oct. 13) announced that its initial public offering (IPO) will feature 26.4 million shares of common stock for $25 each. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Today in Retail: LVMH Sees US, Asia Growth; Lowe’s Launches Media Network
October 13, 2021

In today’s top retail news, a luxury products conglomerate said strong demand for luxury products continues to drive sales, while retailers such as Michaels are looking to open digital marketplaces to expand their customer base. Also, Lowe’s is launching a retail media service with a...

Investments
Creator Management Platform GRIN Nets $110M in Funding Round
October 13, 2021

Creator management platform GRIN has closed a $110 million Series B funding round, according to a Wednesday (Oct. 13) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Capital Investments Help Payment Infrastructure Firms GPS and Nuvei Make Major Moves Across EMEA Region
October 13, 2021

As part of its efforts to accelerate technology development and global growth, payments issuer processor Global Processing Services (GPS) recently announced it has raised over $300 million, after securing a strategic investment from its long-term partner, Visa, last October. Get the Full Story Complete the...

Partnerships / Acquisitions
Columbia Banking and Umpqua Bank Join Forces for $5B
October 13, 2021

Columbia Banking System Inc. and Umpqua Holdings Corp. said Tuesday (Oct. 12) they are joining forces in a $5.1 billion all-stock deal, according to The Wall Street Journal, which adds that the combined entity is now one of the largest financial institutions on the West...

Regulation
UAE Central Bank Begins Issuing Retail Payment Licenses
October 13, 2021

The Central Bank of the United Arab Emirates (CBUAE) has issued a new regulation to license retail payment services, part of its ongoing push to get the country ready for digital payments. Get the Full Story Complete the form to unlock this article and enjoy...

Loyalty & Rewards
Chipotle: Brands Can Drive Loyalty Without Bearing the Cost of Freebies or Discounts
October 13, 2021

Where once even having a loyalty program was enough for a restaurant to stand out against the competition, now digital rewards are table stakes, which means brands need to find creative ways to build deeper relationships with their customers. While offering higher-value rewards is certainly...