News

Security & Fraud
FBI To Congress: Banning Ransomware Payouts Could Backfire 
July 28, 2021

Approaches to ransomware payoffs are getting a lot of attention from government agencies, cybersecurity firms and think tanks, but the FBI has now handed down its official recommendation to Congress: Don’t make the payments illegal, CNN reported on Wednesday (July 28). Get the Full Story...

Delivery
Shipt Partnership Gives Delivery Memberships To Apartment Tenants
July 28, 2021

The personal shopper and same-day delivery service Shipt announced on Wednesday (July 28) that it has formed a partnership with the housing developer Continental Properties to provide free Shipt memberships to residents at nearly 60 of Contintental’s properties across the country. Get the Full Story...

Cross-border Payments
Ripple Teams With SBI Remit For On-demand Liquidity In Japan
July 28, 2021

Cryptocurrency and digital payments network Ripple is collaborating with remittance company SBI Remit, as well as Coins.ph, to introduce an on-demand liquidity (ODL) service in Japan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Partnerships / Acquisitions
Citizens Financial To Buy Investors Bank In $3.5B Deal
July 28, 2021

Citizens Financial Group, Inc. which operates Citizens Bank branches in 11 states, announced on Wednesday (July 28) that it has entered into an agreement and merger plan valued at approximately $3.5 billion to acquire all outstanding shares of Investors Bancorp, Inc., Inc. for a combination...

Investments
B2C Text Messaging Company Gupshup Lands Further $240M
July 28, 2021

Business-to-consumer text messaging company Gupshup on Wednesday (July 28) announced it has raised a further $240 million in follow-on funding from various investors including Fidelity Management and Research Company LLC, Tiger Global, Think Investments, Malabar Investments and Harbor Spring Capital, as well as accounts managed...

Retail
Shopify And Its Merchants See Success With Shop Pay Installments Rollout
July 28, 2021

The use of Shopify’s Shop Pay Installments feature is seeing explosive growth just one month after it opened up to all U.S. merchants, with purchases made using the buy now, pay later (BNPL) product tripling in the second quarter versus just three months prior. Get...

Payments Innovation
Digital World: Unlimited Opportunities, Real-World Problems
July 28, 2021

In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Scott Galit, CEO of...

Retail
Angi CEO Says Consumers Shifting To Cosmetic Home Projects As Pandemic Wanes
July 28, 2021

What began in 1995 as a list of home services contractors has transformed into a direct-to-consumer (D2C) marketplace connecting homeowners to handymen — but Angi is still working to simplify the customer experience as consumers continue the nesting trend began during the pandemic. Get the...

Retail
Walmart To Host Online Event To Promote New Makeup, Skincare Line
July 28, 2021

Walmart is celebrating the expansion of its relationship with UOMA by Sharon C. by hosting a live online show that highlights some of the collection’s makeup and skincare options, which the world’s largest retailer will feature in its stores and on its website. Get the...