News

Payment Methods
42% Of Millennials Use Paper Checks To Pay Their Rent
September 23, 2021

While it’s tempting to think we will see the extinction of the paper check in the not-so-distant future, the reality is that a centuries-old form of payment is still widely used, especially in certain pockets of the economy. Get the Full Story Complete the form...

B2B Payments
Ocrolus Gives Flawed SMB Credit Scoring System A Cash Flow Based Upgrade
September 23, 2021

As Ocrolus CEO and Co-founder Sam Bobley put it, there’s never been a data capture technology that could analyze financial documents of any format or quality with perfect accuracy. Add in low-quality images and thousands of different document formats and the problem gets even worse....

IPO
Sen. Warren, Others Seek Info From SPACs
September 22, 2021

Senator Elizabeth Warren, along with three other Senate Democrats, wants to bring serious scrutiny to the SPAC process, as letters they sent to the most prominent dealmakers in the space attest, Reuters reports. Get the Full Story Complete the form to unlock this article and...

Partnerships / Acquisitions
WEX, ChargePoint to Integrate EV into Corporate Fleets
September 22, 2021

Financial technology service provider WEX Inc. has announced plans to expand a relationship with electronic vehicle (EV) charging network ChargePoint in order to provide more seamless integration for mixed fleets, a press release says. Get the Full Story Complete the form to unlock this article...

Merchant Innovation
FedEx Goods to be Hauled by Autonomous Big Rigs in Pilot Program
September 22, 2021

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 completing this form, you agree to receive marketing communications from PYMNTS and...

IPO
MoneyLion to Start Trading After SPAC Merger
September 22, 2021

Digital finance platform MoneyLion has announced a combination with Fusion, a press release says. 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...

Partnerships / Acquisitions
FinTech Finclusion Buys S. African Payroll Startup HelloHR
September 22, 2021

Finclusion, a financial technology firm, has acquired a strategic stake in South African payroll software startup HelloHR for an undisclosed amount, a report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Today in B2B Payments: BoA Intelligent Receivables Goes Multilingual; Emirates Development Bank’s SMB Banking App
September 22, 2021

Today in B2B payments: Rabbet and AvidXchange are making real estate invoice management easier, and Bank of America improves its Intelligent Receivables platform. Plus, MarketFinance raised $382 million in debt and equity in a funding round, Emirates Development Bank unveils an SMB banking app, and...

Retail
Today in Retail: Amazon to Tout Tech in Proposed Stores; Walmart Removes Digital Cross-Category Barrier
September 22, 2021

In today’s top retail news, Amazon plans to heavily integrate technology into its proposed department store-style stores, and Stitch Fix is hoping that moving toward more traditional apparel sales can calm its market volatility. Also, Walmart is integrating its grocery shopping experience with the rest...