News

Payment Methods
What PayFacs, Mario Andretti And Merchant Onboarding Have In Common
April 19, 2021

The old maxim “slow and steady wins the race” definitely does not apply when it comes to onboarding merchants to their payment processors. If onboarding is about assessing merchant risk — and it certainly is — speed matters. Payment facilitators and other providers strive mightily to reduce underwriting review and...

Payment Methods
EU Banking Trade Group Presses The Issue On Instant Payments
April 19, 2021

It’s not an easy task to get the European Union to speak in a single voice for anything. With 27 member states in motion and the U.K. on its way out, it’s a powerful group of countries stitched into a shared economy but one that’s...

Security & Fraud
Pulitzer Prize-Winning Madoff Book Author Sees Connection To His Crimes And Current Wall Street Environment
April 19, 2021

Bernie Madoff died last week (April 14) closing a chapter on one part of his historical fraud and massive manipulation of the financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

IPO
Luxury Travel Startup Inspirato Looking At $1 Billion SPAC Merger
April 18, 2021

Luxury travel startup Inspirato has potential plans to go public through a special purpose acquisition company (SPAC), Bloomberg 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...

B2B Payments
Chain.io Gets $5 Million In Funding Round
April 18, 2021

Cloud-based supply chain integration platform Chain.io has completed a funding round for $5 million, 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 additional logins required. yesSubscribe to...

B2B Payments
Transcard To Debut Business In UK
April 18, 2021

Transcard, the global payments technology provider, will be rolling out a business entity in the U.K., 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 additional logins required....

Delivery
Russia’s Yandex Expands eGrocery To Paris And London
April 18, 2021

Yandex, the Russian internet giant, will roll out its online grocery delivery in Paris in the second quarter of the year and London in the third quarter, U.S. News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
China Says Digital Yuan Will Focus On Domestic Usage
April 18, 2021

China is expanding the trial of its digital yuan, but the currency should not be seen as a weapon against the U.S. dollar, central bank Vice Governor Li Bo told conference attendees Sunday (April 18), Reuters reported. Get the Full Story Complete the form to...

Delivery
Deliveroo And UK Grocer Sainsbury’s Expand Delivery Trial
April 18, 2021

U.K. delivery service Deliveroo will provide goods from around 100 Sainsbury’s stores — up from 10 stores involved in a trial arrangement — under a new, two-year deal, the companies jointly announced in a press release. Get the Full Story Complete the form to unlock...