News

B2B Payments
Taking A More Temperate Approach To Treasury Transformation
February 17, 2021

Cryptocurrency, real-time payments and more transparent cross-border transaction capabilities are igniting buzz in corporate treasury departments as finance leaders ponder the impact of emerging innovations. The potential implications for the way treasurers make payments, move money and apply cash are vast, and have created excitement...

International
Europe Eyes Amsterdam As Center For SPACs
February 17, 2021

Europe is looking to Amsterdam as a launchpad for special-purpose acquisition companies, (SPAC), the Financial Times (FT) reported on Wednesday (Feb. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Goldman Launches Marcus Invest To Target Retail Investor
February 17, 2021

Goldman Sachs is launching Marcus Invest to facilitate automated stock buys, the Wall Street Journal (WSJ) reported on Tuesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Digital Banking
Old Guard vs. Vanguard: Banks, FinTechs, Big Tech Duke It Out Over Digital-First
February 17, 2021

Digital-first is the mantra of the moment in commerce. Payments are being reconfigured and rewired, creating commerce ecosystems that move with consumers across channels. In a sense, the industry is witnessing a head-to-head matchup amid the scramble to digital-first on a crowded field. Get the...

Digital Banking
Partner Or Compete? Banks Can Take Hybrid Approach With FinTech Innovation
February 17, 2021

In a mid-January conference call with analysts, J.P. Morgan Chase CEO Jamie Dimon told analysts that his firm, and other banks, should be scared “s—tless” by FinTechs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Gift Cards Emerge As Digital Payments On-Ramp For Cash-Based Customers
February 17, 2021

It’s hard to argue the digital shift in any business, but particularly at retail. PYMNTS research shows that 97.3 million U.S. consumers have now switched to performing at least one routine activity online — working from home on their laptops, browsing retail marketplace apps, ordering...

IPO
EV Maker Lucid Motors Seeks $1.5 Billion In SPAC Deal
February 16, 2021

Lucid Motors, the luxury electric vehicle maker, is close to a deal for an initial public offering (IPO) at a $12 billion valuation after a deal with Michael Klein‘s special purpose acquisition company (SPAC), Reuters writes. Get the Full Story Complete the form to unlock...

IPO
Reports Say China Blocked Ant IPO Over Company’s Complex Ownership
February 16, 2021

One previously unreported reason Jack Ma‘s Ant Group lost its IPO was because of the complex ownership structure of the company, The Wall Street Journal (WSJ) writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
North Dakota Senate Rejects Bill To Regulate Apple App Store
February 16, 2021

Apple has cause to breathe a sigh of relief after North Dakota’s state Senate voted down a bill that would’ve forced it and other companies to let software developers utilize their own app payment schematics, CNBC writes. Get the Full Story Complete the form to...