News

Bitcoin
Bitcoin Daily: CoinEx to Shut Down China Business; Missouri Mayor Promises $1K in Bitcoin to...
September 30, 2021

CoinEx cryptocurrency exchange is stopping its business in China as the government there cracks down on crypto, Cointelegraph reported. 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...

Retail
Today In Retail: CarMax Inventory Suffers; Amazon Makes Connected Fitness Waves
September 30, 2021

In today’s top retail news, CarMax says its inventory is much lower than the company would like amid a shortage of new vehicles and high prices on used ones, while Amazon’s expansion of its Halo platform sharpens the company’s focus on connected fitness. Also, cosmetics...

International
Today in Payments Around the World: Unicorn Sightings Across Africa, EML Adds Open Banking  
September 30, 2021

Today in payments around the world, VertoFX raises $10 million to expand currencies on its platform, and Ofbusiness’ B2B platform is valued at $3 billion. Plus, Andela‘s recent funding round makes it the sixth unicorn in Africa, and EML Payments acquires Sentenial to push into...

Retail
Today in Restaurant and Grocery Tech: Deliveroo Moves Toward Rapid Fulfillment; Yelp Launches All-in-One Front-of-House...
September 30, 2021

Today in restaurant and grocery tech news, Deliveroo partners with major U.K. grocery chain Morrisons to develop an ultra-fast grocery delivery service, while back in the United States, Giant announced its own rapid delivery option. Plus, Jane McPherson, senior vice president of marketing at Capriotti’s...

B2B Payments
Regulatory Lag Keeping More Businesses from Embracing Blockchain Payments for X-Border Trade
September 30, 2021

It may still be an emerging technology, but businesses worldwide have already begun to explore how to use blockchain tech and cryptocurrencies in support of payments and cross-border trade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Point of Sale
Payroc, Zuza Team on POS Tech for Beauty and Fitness
September 30, 2021

Global payment processing and merchant acquirer organization Payroc has announced a partnership with software platform Zuza to create a white-label version of its point-of-sale (POS) software called BloomPOS for the salon, spa and gym market, according to a Thursday (Sept. 30) press release. Get the...

B2B Payments
Today in B2B: Teampay Integrates with Microsoft Teams; Alibaba Helping Pakistani Merchants
September 30, 2021

Today in B2B payments, Alibaba introduces a new B2B services for Pakistani merchants, and Teampay makes history with its Microsoft Teams integration. Plus, Melio adds a western U.S. headquarters in Denver, and bant.io will accept cryptocurrency for lead-generation services. Get the Full Story Complete the...

B2B Payments
Sensibill Rolls Out Invoice Extraction Tool
September 30, 2021

Customer data platform Sensibill has launched an invoice extraction API, expanding on the receipt extraction API it unveiled last year. 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
Ofbusiness B2B Platform Reaches $3B Valuation
September 30, 2021

B2B platform Ofbusiness has reached a $3 billion valuation after recently closing a $200 million funding round, according to a Business Today report on Thursday (Sept. 30). Ofbusiness’ Series F fundraising effort, which was led by Tiger Global, puts the company at double its $1.5...