News

Payment Methods
Apple Card Outage Disrupting Purchases
June 02, 2021

Apple Card outages being reported on Wednesday (June 2) seem to be affecting people’s ability to make purchases and appear to be an ongoing issue, according to Twitter and other reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

News
Today In Payments: Beijing Offers Lottery For Digital Yuan Pilot; Mitek Acquires ID R&D To...
June 02, 2021

In today’s top news, Beijing is holding a $6.2 million lottery to pilot its digital yuan, and Mitek has acquired ID R&D to expand its identity fraud-fighting platform. Plus, Instacart is looking to open automated fulfillment centers to reduce costs and form stronger partnerships with...

Investments
Banking Platform Synctera Raises $33 Million
June 02, 2021

The partnership banking platform Synctera announced a $33 million Series A funding round on Wednesday (June 2), bringing the startup’s total funding to $45.4 million since its launch in late 2020. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
B2B Payments Today: Amex On Building Better Construction Cash Flows; Prevalent Discusses Supplier Risk Strategy
June 02, 2021

Today in B2B payments, American Express discusses healthier cash flow for the construction sector, and Prevalent delves into reshaping supplier risk management strategy. Plus, Synovus debuts an integrated accounts receivable platform, Temenos creates a virtual COO for small businesses and Wesgro collaborates on small business...

International
Today In Payments Around The World: wefox Lands $650 Million; sennder Notches $80 Million
June 02, 2021

In today’s top payments news around the world, digital insurance firm wefox raised $650 million in financing, while freight forwarder sennder landed an additional $80 million. Plus, open banking platform Belvo notched $43 million. Get the Full Story Complete the form to unlock this article...

Retail
Today In Retail: Bed Bath & Beyond Unveils Three More Owned Brands; Advance Auto Parts’...
June 02, 2021

In today’s top retail news, Bed Bath & Beyond is debuting three more owned brands, while Advance Auto Parts reported a large increase in net sales and comparable store sales. Plus, Etsy is raising the stakes in the clothing resale segment with its purchase of...

Investments
SoftBank In Funding Talks With Dubai Cloud Kitchen Platform Kitopi
June 02, 2021

SoftBank’s Vision Fund 2 is in talks to invest in Dubai cloud kitchen Kitopi’s latest funding round, Reuters reported, citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Shippo Hits Unicorn Status With $50 Million More In Venture Funding
June 02, 2021

Shipping platform Shippo said on Wednesday (June 2) that it has raised $50 million in new funding. The company said in a blog post that this funding round values Shippo at $1 billion. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
AMC Caters To Retail Shareholders With Promos, Perks And Free Popcorn
June 02, 2021

AMC Entertainment Holdings, which is among the so-called “meme stocks,” has launched a new communications program called AMC Investor Connect aimed at its “sizable retail shareholder base.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...