News

Payment Methods
Modernizing Global Transit Payments Systems End To End
June 03, 2021

Riding public transportation in a foreign city is always something of an adventure, especially if one can’t speak or read the local language. Such was the experience of Visa Senior Vice President of Global Seller Products Jason Blackhurst in trying to take public transportation during an...

Payment Methods
From BNPL To Wallets, Rising Payment Options Create Clutter, Add Friction
June 03, 2021

Payments have long been the conduit for new and different experiences in commerce. Look no further than the past year as proof as contactless payments, digital banking and digital wallets gained significant traction. Cryptos, too, of course — and bit by bit, we’re seeing the...

B2B Payments
L’Oreal’s SalonCentric To Open B2B Beauty Products eCommerce Site
June 02, 2021

L’Oreal USA subsidiary SalonCentric, which already has a major presence in the retail hair products space, will open an online B2B wholesale site, the company’s technology provider for the venture announced on Wednesday (June 2). Get the Full Story Complete the form to unlock this...

Security & Fraud
Ferry Operator Serving Cape Cod, Martha’s Vineyard Attacked With Ransomware
June 02, 2021

The Massachusetts Steamship Authority, which operates ferries serving the summer hot spots Martha’s Vineyard, Nantucket and Cape Cod, announced on Twitter Wednesday (June 2) that it was the target of ransomware that, among other effects, limited the authority’s ability to process electronic payments. Get the...

Bitcoin
Bitcoin Daily: Google To Ban Ads For Selling, Trading Crypto; Kraken Debuts Trading App In...
June 02, 2021

Google in August will adjust its rules on cryptocurrency-related advertisements, first laid down in 2018, according to an update to its advertising policies page. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Government Needs To Step Up To Combat Ransomware Attacks, Execs Say
June 02, 2021

Ransomware attacks threatening in recent weeks to interfere with the way Americans heat their homes, drive their cars and eat are among factors prompting business leaders to call for a vigorous government response against the attackers, The Wall Street Journal (WSJ) reported. Get the Full...

Investments
India’s Urban Company Raises $255 Million, Values Home Service Marketplace At $2.1 Billion
June 02, 2021

Technology-powered home services marketplace Urban Company has raised $255 million in a Series F funding round that values the company at $2.1 billion, according to a company press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Rent The Runway Segues Into Resale Market
June 02, 2021

Rent The Runway (RTR) is jumping into the resale apparel market, one of the latest companies to segue into the quickly expanding secondhand clothing space, CNBC reported on Wednesday (June 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Financial Inclusion
PayPal Invests $135 Million To Help Advance Economic Equality
June 02, 2021

PayPal Holdings said it will deposit $135 million with “mission-driven” financial institutions (FIs) and managers that help members of minority groups “fight barriers to economic equity.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...