News

B2B Payments
Fides Expands Connectivity For Finance Professionals
January 07, 2021

Fides Treasury Services, which works in multibank connectivity and communications, has rolled out new details about its plans to extend its shop for corporate treasury and finance solutions, according to a press release. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Russian Hacker Sentenced To 12 Years In Prison
January 07, 2021

Russian hacker Andrei Tyurin, who helped carry out an attack on J.P. Morgan Chase, among other companies, has been sentenced to 12 years in prison, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
BBVA To Close Simple, Move Customers Over To BBVA USA
January 07, 2021

Customers of Simple Bank are receiving emails telling them the bank is closing and that the intent is to transfer them to BBVA, a report from Talk Android says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket
January 07, 2021

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy...

B2B Payments
PayJunction Debuts Digital Invoicing For Virtual Terminal Clients
January 07, 2021

Payment processing technology developer PayJunction has rolled out a digital invoice function for companies that harness its virtual terminal offering, according to a Thursday (Jan. 7) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Today In B2B: Orange Bank’s SMB Takeover; EU Supply Chain Default Fears
January 07, 2021

Today in B2B payments, Orange Bank acquires the SMB neobank Anytime, while Europe braces for a wave of supply chain finance defaults. Plus, Udaan lands funding for B2B eCommerce technology, Kofax collaborates on AP automation and Bringg partners for B2B delivery. Get the Full Story...

News
Today In Payments: Crypto Market Tops $1 Trillion; UnitedHealth’s Optum Buys Change Healthcare
January 07, 2021

In today’s top news, the cryptocurrency market topped $1 trillion after bitcoin set new record highs above $37,000, and UnitedHealth’s Optum bought Change Healthcare. Plus, Americans are reporting not receiving their promised stimulus checks. Get the Full Story Complete the form to unlock this article...

Investments
WeLink Lands $185 Million In Financing For 5G Network Rollout
January 07, 2021

Utah startup WeLink has raised $185 million to roll out its 5G fixed-wireless broadband network in new markets across the United States, the company announced in a Thursday (Jan. 7) press release. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Mambu’s Valuation Hits $2 Billion After TCV-Led Investment Round 
January 07, 2021

Cloud banking startup Mambu has raised €110 million (nearly $135 million) in a new funding round aimed at financing the company’s global expansion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...