News

B2B Payments
Finance Teams Surmount The Barriers To Custom Automation
January 14, 2021

When it comes to the ever-persistent build-versus-buy debate, the “buy” decision is becoming a more obvious choice for many firms within their digitization journeys. That’s particularly true for smaller organizations with fewer resources and a lack of internal expertise to develop proprietary apps and other...

IPO
Petco’s $864 Million IPO Beats Forecasts 
January 14, 2021

Petco raised $864 million in an initial public offering (IPO) scheduled to start trading on Thursday (Jan. 14), Bloomberg reported.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Upgrade’s New Debit Rewards Product Takes New Approach To Mobile Banking
January 14, 2021

There is no shortage of digital-only banks offering a smoother onboarding process, a slick mobile interface and fee waivers in an effort to tempt consumers to leave their traditional bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
New Toshiba Commerce System Offers Retailers ‘Amazon Go At Scale’
January 14, 2021

For many retailers, the digital shift was hobbled by legacy IT systems and integration complexities. Toshiba Global Commerce Solutions CEO Rance Poehler told Karen Webster that its new commerce platform, Elera, enables microservices that delivers “Amazon Go at scale” for large format grocery stores and...

Digital Banking
NEW DATA: Relevance Test: Majority Of Consumers Find Bank Web Content Lacking
January 14, 2021

Since the onset of the pandemic, banking activities like opening new accounts and applying for loans are now being done virtually to socially distance and help curb the spread of the virus. This means consumers are turning more to digital tools, but unlocking and embracing...

Retail
Mastercard’s Saxena: Walgreens Deal Addresses Dual Priorities Of Payments And Healthcare
January 14, 2021

The relationship announced Wednesday (Jan. 13) between Walgreens, Mastercard and Synchrony is more than a standard co-brand deal. The three companies will now team up to provide a mix of data, payment vehicles and loyalty program enhancements. Get the Full Story Complete the form to...

Investments
Grab Financial Group Raises $300 Million For Expanded Finance Solutions
January 13, 2021

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bitcoin
Bitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins...
January 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. 13). With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank, National Association. Get...

B2B Payments
Sweep Raises $1.2 Million For Finance Management Tools
January 13, 2021

Sweep, which works in expense and travel management for small- to medium-sized businesses (SMBs), announced Wednesday (Jan. 13) that it hit its 2020 funding target, with around 1 million euros (about $1.2 million) in investments and grants this year, according to a report from EU-Startups....