News

Digital Banking
TD Bank Suffers Outage; Says Security Not An Issue
February 25, 2021

After suffering a major IT systems outage, TD Bank’s system is now back online, BleepingComputer 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...

B2B Payments
DBS Offers Facial Recognition For SMB Customers
February 25, 2021

Small and medium-sized business (SMB) owners in Singapore will now be able to use facial recognition to access their DBS Bank accounts, per a report from The Straits Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Social Commerce
Twitter Plans To Roll Out Subscription Offering
February 25, 2021

As it aims to double its yearly revenue and speed up user growth during the next couple of years, Twitter Inc. intends to debut a subscription offering for content creators and will look into implementing tipping, The Wall Street Journal reported. Get the Full Story Complete...

International
Today In Payments Around The World: RecargaPay Lands $70 Million; Didi Plans To Bring Service...
February 25, 2021

In today’s top payments news around the world, RecargaPay has notched $70 million in a Series C funding round to expand its payments platform, while Didi Chuxing Technology plans to bring its ride-hailing service to Western Europe. Plus, Google’s former CEO is warning of China’s...

Investments
UK’s Atom Bank Raises £40 Million In Plan For Initial Public Offering
February 25, 2021

U.K. FinTech Atom Bank is planning to raise 40 million pounds (about $56 million) from existing shareholders as it plans for an initial public offering (IPO), according to a Prolific North report on Thursday (Feb. 25). Get the Full Story Complete the form to unlock this...

Retail
Grocery Roundup: Food Supply Under Federal Review
February 25, 2021

The events of the past year have showcased many businesses’ resilience, but not all were able to make it through unscathed. Businesses have collapsed, jobs have been lost, stores have closed and salaries have been cut. When it came to food production, the supply chain was...

B2B Payments
Enova’s ODX, Fundation To Form SMB Lending Firm Through Merger
February 25, 2021

Enova International struck a deal to combine its ODX operation with origination solutions company Fundation. Enova will keep a minority share in the new combined company, according to a Thursday (Feb. 25) announcement. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Plastiq, Ramp Collaborate On Supplier Payments By Card
February 25, 2021

Plastiq and Ramp are collaborating to help companies pay for almost every kind of corporate cost with the Ramp card. Clients can monitor, manage and control all of their spending in one location — even larger costs that don’t usually fit on a credit card,...

IPO
Report: Soho House Looks To Go Public In New York
February 25, 2021

To benefit from investor interest in travel and leisure equities as COVID-19 dissipates, Soho House is forming plans to list in New York by as soon as March, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy...