News

IPO
UK Soho House IPO Falls Short On Market Debut
July 15, 2021

The London-based members-only Soho House fell short of its debut on the New York Stock Exchange (NYSE) under the ticker MCG following an initial public offering (IPO) priced at the lower end of the marketed range, Bloomberg reported on Thursday (July 15). Get the Full Story Complete the form to unlock this...

International
UK’s FCA To Bolster Data, Tech Capabilities With $166M Investment
July 15, 2021

The U.K.’s Financial Conduct Authority aims to invest 120 million pounds (approximately $166 million) toward “data and technological capabilities” during the three years to come, according to a draft of a speech that Nikhil Rathi, the regulator’s CEO, gave during a digital webinar. Get the...

B2B Payments
US, Canadian Authorities Save Company From $750K BEC Scam
July 15, 2021

An unnamed U.S. company was saved from losing approximately $750,000 after the Canadian Anti-Fraud Centre (CAFC) shared a tip about a potential business email compromise (BEC) scam with the U.S. Secret Service (USSS) Ottawa Field Office July 6, according to a press release. Get the...

Security & Fraud
US DOJ, DHS Launch Website To Combat Ransomware
July 15, 2021

In response to the growing international threat of ransomware attacks, the U.S. Department of Justice (DOJ) and Department of Homeland Security (DHS) have launched a new website that provides ransomware resources to protect consumers and institutions from these attacks. Get the Full Story Complete the...

B2B Payments
Frontline Managed Services Buys eBilling Provider For Law Firms
July 15, 2021

Frontline Managed Services, which provides administrative, financial and IT services to legal and professional services firms, has purchased outsourced eBilling and invoice service company InvoicePrep, according to a Thursday (July 15) announcement. Get the Full Story Complete the form to unlock this article and enjoy...

Merchant Innovation
Giant Food Adds EBT SNAP Payment Option To Online Orders
July 15, 2021

Giant Food will now accept EBT card payments for pickup and delivery orders placed online, the mid-Atlantic grocery chain announced today (July 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Stoke Expands Payroll Tools To SMBs With Global Workforces
July 15, 2021

Freelance management system Stoke announced in a press release Thursday (July 15) that it has extended its global payroll and compliance solution to international employees. 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: Coast Drives Fleet Card Innovation; CAARY Integrates SMB Insurance
July 15, 2021

Today in B2B payments, Coast talks fleet card innovation, and CAARY embeds small business insurance from APOLLO. Plus, Züm Rails discusses mixing payment rails for B2B payments, Investec launches a business account service and Klasha eases cross-border funds acceptance. Get the Full Story Complete the...

Retail
Grocery Roundup: SpartanNash Gets Into Micro-Fulfillment, Sprouts Gets Into Contextual Commerce
July 15, 2021

With grocery eCommerce here to stay, major grocers are adapting to find more profitable ways to fulfill online orders. SpartanNash, the Michigan-Based grocery retailer and distributor that operates 149 supermarkets throughout the United States and abroad under a number of different banners, announced on Wednesday...