News

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....

Banking
FinTech Brex Applies For Bank Charter
February 21, 2021

San Francisco-based Brex, which makes financial management software for businesses, announced Friday (Feb. 19) it has filed to open an industrial bank in Utah, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
BCB Group To Help B2B Treasuries Adopt Crypto
February 21, 2021

BCB Group, which works in global digital finance, has rolled out a new program to help get corporate treasury departments to embrace digital assets, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Kroger Reports Data Breach; Customer Data Hacked
February 21, 2021

Kroger has confirmed it was among the companies affected by the data security incident that hit Accellion, according to a press release. An unauthorized person gained access to certain company files. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
Restaurant POS Provider Toast Puts IPO On Menu
February 21, 2021

Toast, which makes software used by restaurant operators, is considering conducting an initial public offering (IPO) this year, and it could value the company at as much as $20 billion, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock...