Merchant services provider MiCamp Solutions has purchased payments processing company American Bank Payments, in conjunction with joint venture partner Twenty20 Payments, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
British investor Ian Osborne — who has been instrumental in propelling the special-purpose acquisition company (SPAC) investment movement in the U.S. — is now trying to advance a similar process in Amsterdam, the Financial Times reported on Tuesday (May 11), citing sources. Get the Full...
In today’s top news, Affirm’s earnings report showed growth in spending and the use of installment payments, and grocery competitors are beginning to worry Walmart executives, according to a leaked Walmart memo. Plus, regulators are heightening their scrutiny of the cryptocurrency industry. Get the Full...
The Japanese conglomerate SoftBank announced on Tuesday (May 11) that it is seeking an initial public offering (IPO) for its QR code payment app, PayPay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
India’s Flipkart is out to raise at least $1 billion as it looks at launching an initial public offering (IPO) of stock in the U.S. Sources told the Economic Times of India that the round of funding for Flipkart, which is majority owned by Walmart,...
Walmart’s grocery lead is slipping. That’s the takeaway from a nearly 100-page leaked memo as reported on Monday (May 10), which was distributed to advertisers in February that outright stated: Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In today’s top retail news, HanesBrands posted $1.51 billion in net sales from continuing operations for Q1, while L Brands’ board has unanimously approved a plan to split up the firm into two public and independent companies. Plus, The RealReal reported Q1 gross merchandise value...
As grocers look to build toward their hybrid digital-physical future, many stores are seeking out technologies to offer a frictionless experience in the brick-and-mortar space. After rolling out biometric payments in Seattle, Amazon is bringing its Amazon One pay-by-palm technology to New York City, incorporating...
Insurance giant State Farm is working with the payments fintech Fiserv Inc. to give customers faster payouts for car and fire claims. The company announced on Tuesday (May 11) that it was “incrementally deploying” Digital Pay, which will give its customers “speed and flexibility” in...
