News

Investments
European Shipping Startup Sendcloud Notches $177M Series C Funding
September 16, 2021

European eCommerce shipping startup Sendcloud closed a $177 million Series C funding round led by SoftBank Vision Fund 2, with sizable backing from L Catterton and participation from HPE Growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
ShipBob Expands Platform Ahead of Holiday Shopping
September 16, 2021

Global eCommerce fulfillment startup ShipBob on Thursday (Sept. 16) announced that it has added a new customization suite for gift notes and kitting, an integration with eCommerce customer service platform Gorgias, and an integration with commerce solution Linnworks in its latest software update. Get the...

Payments Innovation
BNY Mellon-Citi-Verizon Retail Real-Time Payments Pact is ‘Tip of the Iceberg’
September 16, 2021

For the first time, retail customers can access real-time bill pay following a partnership between BNY Mellon, Citi and Verizon announced Wednesday (Sept. 15). And according to Steve Ledford, senior vice president of products and strategy at The Clearing House, there will be more and...

eCommerce
JPMorgan Now Powering US Credit Cards on China’s Alibaba.com
September 16, 2021

J.P. Morgan is now powering U.S. credit card processing for Alibaba.com, the business to business (B2B) division of Jack Ma’s Alibaba Group based in China, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Costly Construction Materials Just Got 4x Easier for Contractors to Afford
September 16, 2021

Most contractors working in commercial construction projects pay for materials long before receiving payment for their work. In fact, 74% have terms with their suppliers of 30 days or less, yet the time they wait to get paid for their own work averages about 85 days. It’s probably no surprise, then, that 46% of...

IPO
Volvo on Road to Possible $20B IPO
September 16, 2021

Volvo Cars’ parent company is preparing to list the car company in a $20 billion initial public offering that could be one of the largest European IPOs of the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
From BNPL to Crypto, Former CFPB Official Says ‘Everything Viewed Suspiciously’
September 16, 2021

Nothing is as certain as death and taxes, they say. 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...

Payment Methods
Checks Are Still ‘Huge Pain In The Butt’ For B2Bs, But Change Is Coming
September 15, 2021

Small and medium-sized businesses have been commended for their quick adoption of digital tools to help facilitate transactions with consumers, but on the B2B end digitization proceeds at an almost glacial pace. Nowhere is that more apparent than with the kinds of ad hoc payments...

Security & Fraud
FTC: Health Apps, Wearables Need to Tell Consumers of Data Breaches
September 15, 2021

The Federal Trade Commission (FTC) has said health apps and connected devices must comply with the Health Breach Notification Rule, making it so they must notify users when data is breached, according to a press release. Get the Full Story Complete the form to unlock...