News

B2B Payments
Businesses Eye Virtual Cards As They Wait For Real-Time Rails
July 16, 2021

Payment innovators and governments around the globe continue to invest in real-time infrastructure to accelerate the movement of funds. The U.S., however, continues to lag in its rollout and adoption of real-time payment rails. Get the Full Story Complete the form to unlock this article...

B2B Payments
Funded FinTechs Look To Get More Capital In The Hands Of SMBs
July 16, 2021

Whether through embedded lending, small business credit cards or trade finance portals, this week’s newly funded B2B FinTechs are largely looking to get more capital into the hands of companies. But it was a challenger bank targeting SMBs that landed the top spot with its...

IPO
Paytm Aiming For $2.2B IPO In India At $25B Valuation
July 16, 2021

Digital payments firm Paytm is targeting a $2.2 billion initial public offering (IPO) in India at a valuation of $25 billion, Reuters reported on Friday (July 16), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Merchant Innovation
NoTraffic Raises $17.5M To Make Dumb Intersections Smart
July 16, 2021

Traffic intersections are almost entirely dumb in North America. While we live in the age of connected tech and a “smart” version of everything up to and including the toothbrush, the place where two streets come together and traffic choreography takes place mostly isn’t there...

Bitcoin
Bitcoin Daily: Binance Shut Out Of Italy; PayPal Raises Cryptocurrency Limits
July 15, 2021

Binance, which has come under fire for its compliance standards in recent weeks, has been shut out of activity in Italy now, according to that country’s market watchdog, Consob, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
Today In Payments Around The World: India Green-Lights SoftBank Investment In Swiggy; TikTok Tops 3B...
July 15, 2021

In today’s top payments news around the world, SoftBank’s Vision Fund II now reportedly has the ability to invest in food delivery platform Swiggy, while TikTok has now exceeded 3 billion global downloads. Plus, The U.K.’s Financial Conduct Authority (FCA) is looking to invest 120...

Banking
TD Bank In US Snarled By Brief Outages
July 15, 2021

Toronto-Dominion Bank (TD) was hit by digital outages linked to a service provider issue that impacted U.S. customers and employees only, according to a Reuters report Thursday (July 15). Customers also said on Twitter that there were direct deposit delays, but the Canadian bank tweeted...

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...