News

Delivery
eCommerce IT Platform Shippo Raises $45 Million; Now Valued At $495 Million
February 24, 2021

Shippo, the eCommerce IT platform, has raised $45 million in new funding, according to a company blog, now being valued at $495 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Partnerships / Acquisitions
Advance America Teams With Western Union For Money Transfer Tools
February 24, 2021

Financial services platform Advance America is partnering with cross-border payment firm Western Union Company to expand its suite of payments solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
B2B Companies Navigate Tricky Cross-Border Marketplaces And Payments  
February 24, 2021

Say the words “online platform,” and most people in the payments and commerce business will instantly rattle off a few marquee names: Amazon. Airbnb. Alibaba. The online marketplace model that brings multiple buyers and sellers together is nothing new. But it’s been gaining steam as...

Security & Fraud
Using Security To Create A More Inclusive Payments Ecosystem
February 24, 2021

For all the customization in the digital-first economy, the actual technology that powers it is pretty much “one size fits all” when it comes to validating consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Best Buy Tests Smaller, Digital-Friendly Store Format
February 23, 2021

Best Buy will be debuting new stores that will feature a smaller overall size as the company focuses more on eCommerce, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payment Methods
Klarna Seeks Additional $1 Billion In Funding At $31 Billion Valuation
February 23, 2021

Klarna is expected to announce new funding in the coming days that will value the company at $31 billion, Bloomberg reported. The amount is around three times more than what the company was valued at after its last round in September. Get the Full Story...

Bitcoin
Bitcoin Daily: Cannabis eCommerce Platform American Green To Accept Bitcoin Payments; Crypto Custody Platform Koine...
February 23, 2021

American Green will be expanding its eCommerce platform in March to include bitcoin payments to help people pay for cannabidiol (CBD) and hemp, according to a press release from the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
Citibank Brings Hong Kong Digital Banking Platform Out Of Beta
February 23, 2021

Citibank has announced that it is rolling out Citi Plus, its Hong Kong project which it recently brought out of beta, according to a press release. The company touts the project as a new way to get people into digital banking. Get the Full Story...

B2B Payments
Advanced Fraud Solutions Debuts Tool To Fight Vendor Fraud
February 23, 2021

Advanced Fraud Solutions (AFS), which works in deposit fraud detection software, has rolled out AFS Positive Pay, which will help financial institutions (FIs) and enterprise customers look at changes in payments information to prevent fraud, according to a press release. Get the Full Story Complete...