News

Europe
EU to Invest Billions in Blockchain, Data Infrastructure, Computing 
September 15, 2021

The European Union plans to make a multibillion-euro investment in technology development by sinking money into blockchain, data infrastructure and high-performance computing, according to a Bloomberg report Wednesday (Sept. 15).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Corporate Card Platform Cape and Open Banking Platform Basiq Partner on ‘Startup Launchpad’
September 15, 2021

Australian spend management platform Cape is collaborating with open banking platform Basiq on Basiq’s newly launched Startup Launchpad, according to a Wednesday (Sept. 15) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Faster Payments
BNY Mellon, Citi and Verizon Debut Request-for-Payment Service
September 15, 2021

Financial institutions (FIs) BNY Mellon and Citi have joined forces with wireless network provider Verizon to offer the ability to send request-for-payment messages to Citi banking customers, according to a Wednesday (Sept. 15) press release. Get the Full Story Complete the form to unlock this...

Delivery
15-Minute Grocery Delivery Service Buyk Announces NYC Launch as Food eCommerce Speeds Up
September 15, 2021

After reports of its New York City launch circulated in August, Buyk, a 15-minute grocery delivery service founded by the creators of Russian grocery delivery service Samokat, announced Tuesday (Sept. 14) that it is officially launching in the city. Beginning in Manhattan, the company intends...

Partnerships / Acquisitions
Car Retailer Cazoo Acquires SMH Fleet Solutions 
September 15, 2021

U.K.-based online car retailer Cazoo on Wednesday (Sept. 15) announced its acquisition of vehicle prep, logistics and storage company SMH Fleet Solutions for approximately £70 million (almost $97 million) in cash from LDC and other minority shareholders.  Get the Full Story Complete the form to...

Regulation
SEC Chair Gensler Tells Capitol Hill That Cryptos, Stock Trading Platforms Need Updated Regulations
September 15, 2021

Mr. Gensler goes to Washington. 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...

Retail
Crowded Wellness Space Leaves Amazon, Walmart Market Shares Bedridden
September 15, 2021

Walmart still holds a lead over Amazon when it comes to health and personal care products, though increasing competition across the wellness space has both companies struggling to make any serious ground in the past two quarters. Get the Full Story Complete the form to...

Retail
Parachute Expands to Furniture in Bid to Own the Home
September 15, 2021

Direct-to-consumer (D2C) lifestyle brand Parachute is entering the furniture category with the launch of its first line of bed frames, as the company tries to take market share from bigger merchants in order to grow its business and become a part of every room in...

Retail
Constructor Raises $55M to Improve eCommerce Search
September 15, 2021

eCommerce search platform Constructor has raised $55 million in a Series A funding round, the company said Wednesday (Sept. 15), which will be used to improve new product discovery and search standards. Get the Full Story Complete the form to unlock this article and enjoy...