News

B2B Payments
Avoiding The Bait-And-Switch Of Small Business Finance
April 09, 2021

Trust is a vital component in the small- to medium-sized business (SMB) lending relationship, but it can be especially hard to come by in times when access to capital is limited. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
B2B eCommerce, Corporate Cards Take B2B VC Lead
April 09, 2021

Corporate card startup Ramp confirmed earlier reports of new backing with the announcement of its $115 million funding round, but it wasn’t the biggest investment in B2B FinTech this week. Instead, B2B eCommerce took the lead with two nine-figure funding rounds, one in India and...

Payment Methods
Blackhawk CEO: eGift Cards Find New Life As Gaming Currency
April 09, 2021

The term “gift card,” as of the year 2021, is becoming something of a misnomer, as a gift card may or may not be given as a gift — and may or may not be presented in the form of a tangible “card.” In lieu...

B2B Payments
Taking Friction Out Of Back-Office Digitization
April 09, 2021

Dramatic disruption often means dramatic response. For many organizations, the pandemic presented the sudden opportunity to fast-track modernization initiatives that had been put on the back burner for years. Not only did the global crisis create an ecosystem in which digitization was a necessity, but...

Partnerships / Acquisitions
Eastern Bankshares, Century Bancorp To Merge With $22 Billion In Assets
April 08, 2021

Eastern Bankshares, a Boston-based mutual that is the country’s largest of its kind, and Century Bancorp have entered into an agreement to merge companies, with an aggregate transaction value of $642 million, according to a press release. Get the Full Story Complete the form to...

Bitcoin
Bitcoin Daily: Kraken Weighs Direct Listing In 2022; Robinhood Now Counts 9.5 Million Crypto Traders
April 08, 2021

Bitcoin exchange Kraken is looking at going public via a direct listing next year, CNBC 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 to our daily...

IPO
Brazilian Payments Network Elo Looking For $7 Billion In IPO
April 08, 2021

Elo, a Brazil-based payments firm, is planning its initial public offering (IPO) likely for the second half of 2021 and is seeking a valuation of about $7 billion, Reuters reported, citing anonymous sources. Get the Full Story Complete the form to unlock this article and...

Delivery
DoorDash To Donate $1 Million To 10 Drivers And Charities Of Their Choice
April 08, 2021

DoorDash has launched a $12 million initiative that will earmark money for a chance for one of 10 Dashers to receive $50,000 cash, the company said in a press release on Thursday (April 8). Get the Full Story Complete the form to unlock this article...

B2B Payments
Sokin To Launch Enterprise Platform For X-Border Payments
April 08, 2021

United Kingdom-based global currency account provider Sokin will soon roll out its Sokin Enterprise payment platform, according to a Thursday (April 8) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...