News

Artificial Intelligence
California OKs Pony.Ai Driverless Vehicle Permit For 3 Cities
May 23, 2021

The California Department of Motor Vehicles has issued a permit for Pony.ai to test driverless vehicles in three cities, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Old Tech Makes US Infrastructure Vulnerable To Hackers, Report Says
May 23, 2021

U.S. companies that deal in critical infrastructure are especially vulnerable to ransomware and other cyberattacks because they have moved too slowly and spent too little to defend themselves, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and...

IPO
SEC OKs Nasdaq Proposal To Allow IPO Alternative
May 23, 2021

The Nasdaq exchange is permitted to host direct listings of companies going public without involving investment banks under a new ruling by the Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

IPO
Startup Execs Back Away From SPACs After Stock, Earnings Slide
May 23, 2021

SPACs are losing some of their sparkle among the heads of startup companies, the Wall Street Journal reports. 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...

Bitcoin
Bitcoin Daily: Hong Kong Wants To License Crypto Exchanges, Limit Use To Pros; Crypto Finance...
May 23, 2021

In Hong Kong, cryptocurrency exchanges will likely soon be required to be licensed by the city’s markets regulator, U.S. News reported. They’ll also only be able to provide services for professional investors. Get the Full Story Complete the form to unlock this article and enjoy...

eCommerce
Virtual Fitting Features Win Support Of Consumers And Retailers
May 23, 2021

Whether its Amazon Prime Wardrobe, Walmart’s acquisition of Zeekit or some of the countless other players in between, everywhere you turn these days, it seems retailers are sizing up virtual fitting as a way to woo online customers. Get the Full Story Complete the form...

IPO
UK’s Auto Data Startup Wejo Eyes SPAC Deal
May 23, 2021

Automotive data startup Wejo, which is backed by General Motors (GM), could be going public soon through Virtuoso Acquisition Corp., a special purpose acquisition company (SPAC), Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
PayPal, raiSE Team To Help SMBs With Digital Transformation
May 23, 2021

PayPal is partnering with the Singapore Centre for Social Enterprises (raiSE) to help small- to medium-sized businesses (SMBs) and social organizations transition to digital operations, The Business Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Pine Labs Raises $285 Million To Expand Merchant Payment Products
May 23, 2021

Pine Labs, an Asia-based merchant commerce platform, has completed a funding round and come away with $285 million, 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...