News

Bitcoin
Bitcoin Daily: 20 Pct Of Bitcoin Trapped In ‘Lost’ Wallets; Goldman Says Bitcoin Is Maturing
January 12, 2021

Goldman Sachs Global Head of Commodities Research Jeff Currie told CNBC the bitcoin market is maturing. 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...

Investments
Starbucks Launches $100 Million Fund To Support SMBs
January 12, 2021

Starbucks announced on Tuesday (Jan. 12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Partnerships / Acquisitions
Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation
January 12, 2021

Visa has opted out of its $5.3 billion planned acquisition of Plaid after objections stemming from a Department of Justice (DOJ) antitrust lawsuit, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Restaurant Holiday Gift Card Sales Disappoint
January 12, 2021

Customer experience management platform provider Paytronix released its holiday gift card report on Tuesday (Jan. 12) and found a mixed bag for restaurant sales of gift cards. Its research found that overall card sales ended the year down 31.8 percent when compared with 2019. However,...

Banking
Wells River Savings Bank To Access TCH’s RTP Network
January 12, 2021

Wells River Savings Bank will gain access to the RTP® network built by The Clearing House (TCH) via SHAZAM, Inc., according to a Tuesday (Jan. 12) announcement from the Vermont-based financial institution (FI), which noted that Atlantic Community Bankers Bank (ACBB) will offer funding agent functions....

Retail
Today In Retail: Dollar Shave Club Names New CEO; Albertsons Registers Digital Sales Growth Spike
January 12, 2021

In today’s top retail news, Dollar Shave Club (DSC)’s board of directors have named a new CEO for the brand, while Albertsons Companies registered a digital sales growth spike in its third quarter fiscal 2020 results. Plus, Salesforce has revealed a new loyalty management platform...

International
Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls...
January 12, 2021

In today’s top payments news around the world, Checkout.com has brought its valuation to $15 billion after the closing of a $450 million Series C funding round, while Pakistan has debuted a government-run instant digital payment infrastructure. Plus, Delivery Hero is launching an early-stage venture...

Security & Fraud
Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
January 12, 2021

Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later in the year, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and...

Delivery
Walmart Partners With HomeValet On Smart Box Technology For Fresh Deliveries
January 12, 2021

Retail giant Walmart is teaming up with delivery solutions startup HomeValet to launch a test pilot that would bring fresh groceries to people’s homes even if they’re not there. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...