News

IPO
B Capital Joins SPAC Frenzy With $300 Million IPO
February 22, 2021

B Capital Technology Opportunities, a special purpose acquisition corporation (SPAC), or blank check company, birthed from B Capital Group, has filed paperwork for an initial public offering (IPO) with the goal of raising $300 million, Tech in Asia reported on Monday (Feb. 22). Get the...

B2B Payments
Vendor Payment Arrangements Reveal Battle Between Businesses
February 22, 2021

When it comes to supplier payment terms, there is often a tug-of-war at play. On one side, corporate buyers are looking to lengthen their vendor payment timeframes as long as possible to be able to hold onto capital longer. On the other end are the...

Faster Payments
How Real-Time Request-For-Payment Features Can Ease Cash Flow Strains
February 22, 2021

Late payments can sink businesses, but there is a fix: request-for-payment that allows consumers to pay and billers to instantly receive funds. Hisham Salama, executive vice president and chief digital officer at Bank of the West, explains how pairing request-for-payment features with real-time payment options...

B2B Payments
Finding Flexibility And Compliance In Cannabis B2B Payments
February 22, 2021

As the B2B payments landscape continues to make headway on the digitization front, not all industries are able to benefit from the modernization push. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Nine New Members Added To Kohl’s Board By Activist Investors
February 22, 2021

A group of activist investors has nominated nine new directors to the board of retailer Kohl’s, a Wall Street Journal (WSJ) report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cross-border Payments
TransferWise Rebrands To Wise
February 22, 2021

TransferWise will change its name to simply Wise, a press release says, which will reflect the broader change of the company beyond its original roots as a money transfer company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Partnerships / Acquisitions
M&T Bank Closing In On $7 Billion Acquisition Of People’s United
February 22, 2021

M&T Bank Corp is closing in on an acquisition deal to buy People’s United Financial for more than $7 billion, The Wall Street Journal (WSJ) reported on Monday (Feb. 22), citing sources. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Joor Adds Payment Options To Its B2B Fashion Platform
February 22, 2021

Many business models have evolved and adapted during the pandemic, and virtual fashion buying platform Joor is one of them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
ID Check: COVID Changes Verification Needs Of Digital-First Economy
February 22, 2021

Almost every industry in every business vertical has been affected by the pandemic. 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 Today....