News

B2B Payments
FIs Forecast Where The B2B Payments Puck Is Headed
May 26, 2021

Financial institutions’ (FIs’) efforts to upgrade their products, services and experience is largely attributed to massive shifts in what end-customers demand from their banks. That’s true in many ways for corporate customers as well, which increasingly demand digital-first solutions with easy interfaces that are always...

B2B Payments
What The SMB Loan ‘Lunchtime Rush’ Signals For Bankers
May 26, 2021

Financial institutions (FIs) have historically viewed small businesses as a less profitable part of their own business, not necessarily worth troves of time, investment and innovation. Competitive pressures from the B2B FinTech ecosystem are beginning to shift that mindset, but for banks, a lack of...

Retail
Nordstrom Nears 50 Pct Digital Sales; Total Revenue Still Below Pre-Crisis Level
May 26, 2021

High-end fashion retailer Nordstrom said on Tuesday (May 25) that its digital transformation efforts saw its eCommerce sales rise 23 percent last quarter, amounting to 46 percent of total revenue. But despite those gains, the Seattle-based operator of 350 stores noted that its total revenues...

B2B Payments
Virtual Commercial Cards Continue Their Upward Mobility
May 26, 2021

Virtual card technology adoption is on the rise among corporates, and for good reason: single-use virtual cards not only provide protection against fraud and misuse but can allow businesses to retain greater control over employee spend when a card is generated with a specific purchase...

IPO
New Payments IPOs: Paymentus Looks To Raise $210 Million; Flywire Seeks $251 Million
May 26, 2021

Two U.S. payments platforms — Paymentus and Flywire — are seeking initial public offerings at the top of their marketed range. Both started trading on Wednesday (May 26) and are expected to close on Friday (May 28).  Get the Full Story Complete the form to...

Faster Payments
How It Works: Inside The FIS RealNet Platform
May 26, 2021

Real-time payments are piquing the interest of firms around the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Investments
eCommerce Fraud Prevention Firm Forter Raises $300 Million
May 25, 2021

eCommerce fraud prevention company Forter has raised $300 million in a Series F funding round, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Bitcoin
Bitcoin Daily: Stellar Invests $15M In Mexico’s Digital Wallet Airtm; Coinbase Debuts Crypto Service For...
May 25, 2021

The Stellar Development Foundation has announced a $15 million investment in Airtm, a Mexican blockchain and bank-connected digital wallet and peer-to-peer (P2P) exchange platform, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
B2B Payments Today: KWIPPED Discusses POS Equipment Financing; BBVA Streamlines Multinational Cash Management
May 25, 2021

Today in B2B payments, KWIPPED discusses POS equipment financing, and BBVA streamlines cash management for multinational corporations. Plus, Boost Insurance eyes the opportunity for small businesses, CoEnterprise streamlines supply chain processes and Suplari launches a procurement planning tool. Get the Full Story Complete the form...