News

eCommerce
Mastercard: eCommerce Spend Up $900 Billion In 2020
April 06, 2021

In 2020, eCommerce spending increased by $900 billion, according to Mastercard’s newest Recovery Insights report, Recovery Insights: Commerce E-volution, published today (April 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
CFPB Proposes New Protections For Struggling Mortgage Holders
April 05, 2021

Under a new set of Consumer Financial Protection Bureau (CFPB) rule changes, avoidable foreclosures would be able to be prevented, 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...

Partnerships / Acquisitions
AU10TIX Partners With Microsoft On Identity Verification Tool
April 05, 2021

AU10TIX announced Monday (April 5) in a press release that it has partnered with Microsoft for the launch of Microsoft Azure Active Directory (Azure AD) verifiable credentials. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bitcoin
Bitcoin Daily: Crypto Market Cap Hits $2 Trillion; MicroStrategy Buys Additional Bitcoin For $15 Million
April 05, 2021

The cryptocurrency market capitalization has hit a new peak of $2 trillion as of Monday (April 5), with numbers from CoinGecko and Blockfolio reporting strong gains as institutional and retail investors pile on, Reuters reported. The crypto market was sitting at $2.02 trillion as of...

Global Payments
Remittances Sent To Mexico Set February Record; Top $3.2 Billion
April 05, 2021

Remittances sent to Mexico saw their biggest increase in February since records started being collected in 1995, Reuters reported. 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...

Partnerships / Acquisitions
Sterling, Rho Team On Corporate Banking Solution
April 05, 2021

Sterling National Bank will be debuting a banking-as-a-service feature with Rho Technologies, which is a digital platform providing companies with a suite of commercial banking and finance solutions, a press release said on Monday (April 5). Get the Full Story Complete the form to unlock...

Retail
UBS: 80,000 US Retailers Could Close By 2026
April 05, 2021

A new UBS report says as many as 80,000 U.S. retail stores, or about 9 percent of the country’s total, could close by 2026, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Today In B2B: PSCU CFO Talks Step-By-Step Modernization; Penta Launches SMB Onboarding Initiative
April 05, 2021

Today in B2B payments, PSCU’s CFO discusses the value of step-by-step modernization, and Penta launches a new small business onboarding initiative. Plus, Vizient acquires Intalere, WEX completes the takeover of some HealthcareBank assets and TripActions explores the unexpected evolution of corporate travel and expense management....

Partnerships / Acquisitions
North Lane, daVinci Payments Rebrand As Onbe
April 05, 2021

After finalizing their merger in December 2020, daVinci Payments and North Lane Technologies have rebranded as Onbe, a unified payments firm that seeks to create engaging payment experiences for consumers and businesses. The new brand has an expected annual payment volume of $7.9 trillion, according...