News

IPO
Bird Seeks Public Offering Via SPAC At $2.3 Billion Valuation
May 10, 2021

Electric scooter company Bird is looking to go public with special purpose acquisition company (SPAC) Switchback II Corporation, dot.LA reported. The proposed deal values Bird at $2.3 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
Today In Payments: Ant Group Expands Digital Yuan Trial; Kabbage, FinTechs Reportedly Under DOJ Scrutiny...
May 10, 2021

In today’s top news, China’s digital yuan trials have been expanded to Alipay users, and the U.S. Department of Justice is investigating how several FinTechs, such as Kabbage, distributed PPP loans. Plus, Amazon has teamed up with Tile and Level to compete with Apple’s AirTags. Get the...

Payment Methods
PayPal QR Codes Score First Airport Landing In Munich
May 10, 2021

Munich is now the first European airport to launch PayPal QR codes for mobile, cash-free purchases in all of its shops and Eurotrade retail subsidiaries, ftnnews.com reported on Monday (May 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
FBI Identifies Suspects In Colonial Pipeline Hack
May 10, 2021

The FBI said it has identified the hackers who shut down the East Coast’s main gas and diesel pipeline last week as a group from Eastern Europe. DarkSide, a relatively new group of hackers, created the malicious computer code that led to the shutdown of...

Security & Fraud
Microsoft, Darktrace Partner For Cloud Cybersecurity
May 10, 2021

With concerns over such data as personal information and intellectual property on the rise, Microsoft is linking up with cybersecurity company Darktrace to offer an artificial intelligence (AI) defense across the cloud. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
BluePallet Opens Doors To Its Chemical Distribution Marketplace
May 10, 2021

BluePallet, a company backed by the National Association of Chemical Distributors (NACD), announced Monday (May 10) it had exited stealth mode to launch its digital marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Walmart Acquires MeMD; Amazon Care Expands As Race For Consumer Healthcare Spend Intensifies
May 10, 2021

Walmart has announced its latest big play in the race to shape the future of U.S. healthcare, with the acquisition of telehealth provider MeMD as part of its plan to expand telehealth services to patients nationwide. Get the Full Story Complete the form to unlock...

Regulation
Big Tech Compliance Tracker: Europe Provides ‘Statement Of Objections’ To Apple Over App Store Rules;...
May 10, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. 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,...

IPO
Saudi Security Firm Elm Looks At $2 Billion IPO
May 10, 2021

Elm, the digital security firm owned by Saudi Arabia’s sovereign wealth fund, is exploring a roughly $2 billion initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...