News

B2B Payments
Kofax Integrates With Coupa To Automate Invoice Processing
February 09, 2021

To help large companies become more efficient as they digitally transform their expense management workflows, intelligent automation software provider Kofax has integrated with Coupa Software, according to a Tuesday (Feb. 9) announcement. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Today In Retail: eCommerce Tech Firm Fabric Notches $43 Million; Sephora Elevates BIPOC-Owned Brands Via...
February 09, 2021

In today’s top retail news, Fabric has raised $43 million in a Series A funding round led by Norwest Venture Partners, while Sephora has relaunched its incubator program. Plus, Hasbro said its gaming and entertainment units powered sales last quarter. Get the Full Story Complete...

Digital Banking
Today In Digital-First Banking: China To Pilot Digital Yuan In Third Test Run; Goldman Consumer...
February 09, 2021

In today’s top digital-first banking news, the central bank of China is planning another test run of its digital currency, while Goldman Sachs has hired two executives to leadership positions. Plus, WEX has come to a multi-year deal for its fleet card offering with NASPO...

News
Today In Payments: DoorDash Acquires Robotic Food Prep Company; RBC Says Apple Pay Should Include...
February 09, 2021

In today’s top news, DoorDash is acquiring food prep company Chowbotics, and an RBC analyst said Apple Pay should develop crypto functionalities. Plus, a report from the Federal Reserve Bank of New York found people expect to spend more in 2021. Get the Full Story...

Acquiring
Could DoorDash’s Latest Acquisition Herald The Automated Future Of Food Prep?
February 09, 2021

On Monday (Feb. 8), DoorDash announced its acquisition of automated food preparation company Chowbotics, creator of the salad- and food-bowl-making robot, Sally. In a company statement, DoorDash explained that it plans to offer this technology to its merchants. The acquisition marks another step in the...

Social Commerce
Shopify Expands Shop Pay To Merchants On Facebook, Instagram
February 09, 2021

Shopify, an eCommerce platform for businesses, is expanding its payments tool Shop Pay to merchants on Facebook and Instagram. 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...

B2B Payments
Today In B2B: Apple Stores Extend Supplier Payment; Amex Eyes Aussie SMB Loans
February 09, 2021

Today in B2B payments, American Express is considering small business lending in Australia, while Apple extends payment terms for suppliers of its retail locations. Plus, WEX Bank strikes fleet card deal, HSBC launches virtual debit cards in the UAE and China widens digital currency testing....

News
Today In Payments Around The World: Spreedly Collaborates With Visa On Tokenization; Global Payments, Google...
February 09, 2021

In today’s top payments news around the world, Spreedly and Visa have rolled out an effort to advance and expand the adoption of network tokenization, while Global Payments Inc. and Google have created a partnership for cloud-based payments. Plus, Healthcare Ventures has launched a new...

Investments
Reddit Valuation Hits $6 Billion With New Funding
February 09, 2021

Story- and conversation-hosting website Reddit‘s valuation has surged to $6 billion with a $250 million investment the company announced on Monday (Feb. 8). “We decided that now was the right opportunity to make strategic investments in Reddit, including video, advertising, consumer products and expanding into...