News

Partnerships / Acquisitions
EML Payments Buys Open Banking Firm Sentenial in Multi-Million Dollar Deal
September 30, 2021

Australian global payments platform EML Payments received the go-ahead from French and U.K. financial regulators Thursday (Sept. 30) to purchase open banking company Sentenial Group  for an upfront enterprise value of 70 million euros (A$108.6 million), in addition to an earn-out component of up to...

Investments
B2B Payments Platform Verto Raises $10M
September 30, 2021

The B2B payments platform VertoFX says it has raised $10 million in Series A funding to help expand the list of currencies on its platform. The London and Nigeria-based company allows small and medium-sized businesses to pay suppliers, focusing on emerging markets. Get the Full...

Mobile Payments
FTNI Helps VIP Beverage Distributors Add Mobile Payments 
September 30, 2021

FinTech Financial Transmission Network, Inc. (FTNI) on Thursday (Sept. 30) announced that beverage-focused tech platform Vermont Information Processing (VIP) will use its ETran Mobile payment services to power VIPPAY, its mobile payment offering for brewers, distributors, wineries and soft drink bottlers.  Get the Full Story...

Retail
Uber Eats Leverages Halloween to Launch In-App Specialty Stores
September 30, 2021

In a move to capture a piece of holiday-themed merchandise sales — and more “last-mile logistics” market share in the process — Uber announced on Thursday (Sept. 30) that it’s launching the first Holiday Shop on the Uber Eats platform. Get the Full Story Complete the form to unlock this article and...

Cross-border Payments
CBDCs Lower Costs and Settlement Times for X-Border Payments 
September 30, 2021

For central bank digital currencies (CBDCs), time is of the essence. Literally. 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...

Retail
Lancôme Debuts Virtual Pop-Up Store in UK with ByondXR
September 30, 2021

Virtual shopping platform ByondXR on Thursday (Sept. 30) announced a partnership with Lancôme on a virtual U.K. pop-up store using extended reality technology as part of Lancôme’s 2021 global campaign to promote its Génifique skin serum to new consumers. Get the Full Story Complete the...

Retail
CarMax Struggles to Build Inventory as Vehicle Shortage Continues
September 30, 2021

Used car dealership chain CarMax said its inventory remains about 30% lower than it expected and down 15% year over year, cutting into vehicle availability but not yet impacting the company’s sales. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Amazon Halo Expansion Could Upend Connected Fitness Space
September 30, 2021

Alongside announcements about Alexa, home robots and other new devices earlier this week, Amazon unofficially set its sights on Peloton, aiming to take on the connected fitness giant with an expansion of its Halo platform. Get the Full Story Complete the form to unlock this...

Retail
Social Commerce Is Retail’s New Inventory Headache
September 30, 2021

Retailers and brands have largely embraced the ability to meet consumers where they’re congregating on social networks, with Facebook, TikTok, Snapchat and others rolling out features to help merchants communicate with shoppers and integrate commerce into their social presence. Get the Full Story Complete the...