News

Faster Payments
Deep Dive: The Strengths And Limitations Of Real-Time Payments Rail Interoperability Strategies
April 26, 2021

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Security & Fraud
Mastercard’s Gerber: Cybersecurity Needs Its Own Paris Accord
April 26, 2021

Recent research shows that the average data breach costs financial institutions (FIs) $210 on average per compromised account, and it costs merchants $119. But on both counts, the costs of lost customers and damaged reputations cannot be quantified – and the importance of securing consumer...

IPO
MoffettNathanson’s Lisa Ellis On Why She’s Bullish On Coinbase
April 26, 2021

The “Google of the crypto economy” and Netscape 2.0. are just two of the many powerful analogies the Coinbase initial public offering (IPO) garnered on its April 14 debut with a closing stock price of $328.28 and an $85.8 billion market cap. It’s been a...

Investments
Chinese Firms Listing In US At 8x Clip Over 2020
April 26, 2021

Chinese companies are listing on U.S. exchanges at a record pace, Bloomberg News 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 to our daily newsletter, PYMNTS...

Partnerships / Acquisitions
Clubhouse Is Top Social Pick For NFL Draft Week
April 25, 2021

Clubhouse will work with the National Football League (NFL) to put out an exclusive lineup of programming for the week of the 2021 NFL draft, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
UK’s Darktrace Faces Reality: Cuts Valuation For Pending IPO
April 25, 2021

Darktrace, a cybersecurity company, will be slashing the value of its forthcoming London flotation, looking instead for a cautious approach to avoid the kind of disaster that befell Deliveroo’s attempt, a Sky News report says. Get the Full Story Complete the form to unlock this...

Banking
Paxos Gets Preliminary Approval For US Bank Charter
April 25, 2021

Paxos has initial approval to establish its own “de novo” or new national trust bank after being approved by the Office of the Comptroller of the Currency (OCC), according to a company blog post. Paxos will be the first cryptocurrency-native company to attain that status....

Bitcoin
Bitcoin Daily: Turkish Crypto Exchange Vebitcoin Shuts Down, Four Arrested; Gemini Now Accepts Google Pay,...
April 25, 2021

Four people linked to Turkish crypto exchange Vebitcoin have been arrested and accused of fraud, according to a report from BBC. Officials launched an investigation and blocked the accounts of the platform. Get the Full Story Complete the form to unlock this article and enjoy...

IPO
Online Bookmaker Betway Parent Super Group Bets On $5.1 Billion SPAC Deal
April 25, 2021

Super Group, the parent of online betting company Betway, is preparing to go public in a deal that would value Super Group at roughly $5.1 billion, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...