Hedge fund giant Marshall Wace is warning investors that special purpose acquisition companies (SPACs) could end up delivering “awful returns,” Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Fraud prevention firm Sift has expanded its Digital Trust & Safety Suite to help businesses fight fraud and abuse, the firm announced on Tuesday (April 20). The digital trust and safety firm has upgraded its Chargeback Management, Security Notifications, Text Clustering and Workflows Replay features...
Silicon Valley chat startup Discord is abandoning acquisition talks with Microsoft as the startup moves toward remaining independent and resuming interest in a potential initial public offering (IPO), The Wall Street Journal (WSJ) reported Tuesday (April 20). Get the Full Story Complete the form to unlock...
In today’s top payments news around the world, Alan has raised $220 million in a funding round, while Stripe has launched its Stripe Issuing offering in 20 European nations. Plus, Octopus is introducing transit cards for mass transit in China. Get the Full Story Complete...
After years of enjoying little to no competition, banks in Nigeria have reached out to the country’s regulators for help in dealing with encroaching FinTech firms, Bloomberg reported Tuesday (April 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The eCommerce investor Clearco, formerly Clearbanc, announced a new name and a new round of funding on Tuesday (April 20), bringing the company’s valuation into the neighborhood of $2 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In today’s top news, PayPal is planning a cross-border digital wallet in China, and Visa and TripActions have partnered on digital travel expense management. Plus, Mastercard is acquiring identity verification firm Ekata. Get the Full Story Complete the form to unlock this article and enjoy...
In today’s top retail news, BJ’s Wholesale Club has named Bob Eddy as its new president and CEO, while Advance Auto Parts is forecasting comparable-store sales growth amidst demand from DIY and pro shoppers. Plus, lululemon has become part of the secondhand clothing trend with...
Before the pandemic, fear of touching items that others had touched was the near-exclusive purview of germaphobes. Now, living through a pandemic, even those of us who were previously the most oblivious to the contagion risks associated with our daily activities have become aware of...
