News

Banking
Square’s Utah Bank Now Open For Business
March 01, 2021

Square is now operating its state-chartered industrial bank, Square Financial Services, in Utah after the state’s Department of Financial Institutions gave it the green light, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and...

Retail
Amazon Go To Launch In UK Amid Lackluster Physical Store Sales 
March 01, 2021

Amazon will soon open its first Amazon Go store in Ealing, West London, according to the Daily Mail. The news comes months after the retail giant first applied for a signage permit in November, reports Pocket-lint, in advance of 30+ more Amazon Go U.K. stores,...

IPO
Coupang Looks To Raise Up To $3.6 Billion By Going Public
March 01, 2021

Coupang Inc. is looking to bring in up to $3.6 billion in investment funds by going public in New York. The online shopping firm intends to list on the New York Stock Exchange with the ticker symbol of CPNG, Bloomberg reported. Get the Full Story...

B2B Payments
DailyPay Debuts On-Demand Pay Tool For Payroll, HCM Companies
March 01, 2021

On-demand pay firm DailyPay has rolled out a new product, ExtendPX, for human capital management (HCM) and payroll service providers, 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...

B2B Payments
Credit Suisse Suspends Investment Funds Linked To Greensill Capital
March 01, 2021

Credit Suisse Group AG has frozen $10 billion in investment funds that have powered Greensill Capital, which focuses on supply chain finance, a kind of cash advance. The asset management division of Credit Suisse said it would not let backers purchase or sell four private...

Partnerships / Acquisitions
E-Complish Teams With Plaid On ACH Compliance
March 01, 2021

Payment processing solutions company E-Complish has collaborated with Plaid for in-the-moment bank account and balance verification, according to a Monday (March 1) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Partnerships / Acquisitions
SoftBank Pairs PayPay, LINE Pay Apps Together With Merger
March 01, 2021

Z Holdings Corporation (ZHD Group), which operates the PayPay app, has announced a merger with LINE, according to a Monday (March 1) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Apple Has Reopened All 270 US Retail Stores
March 01, 2021

Apple has reopened all 270 of its U.S. stores for the first time since all retail locations were closed due to the COVID-19 pandemic that hit the country in March of 2020, CNBC reported on Monday (March 1). The last location to reopen was in Texas....

Retail
Walmart’s ‘Cookshop’ Celebrity Collaborations Use Content To Build Deeper Relationships With Consumers
March 01, 2021

Walmart and video tech company Eko are expanding their Cookshop partnership, a series of shoppable recipe videos that feature brand collaborations and celebrity partnerships to create attention-grabbing, shareable videos. Sofia Vergara will join the running roster of high-profile hosts, which currently includes Jamie Oliver, Patti...