News

International
Israel’s Red Dot Capital Likes Southeast Asia’s COVID Comeback Story
November 20, 2020

Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is accelerating opportunity half a world away in Southeast Asia, as Israeli companies weigh their traditional U.S.-first global strategies. Get the Full Story Complete the form to unlock this article and enjoy...

Loyalty & Rewards
Disrupting Loyalty: New Platform Rewards Consumers With Stock Ownership
November 20, 2020

There are about 328 million people in the U.S., so it might come as a surprise that these same people belong to 3.8 billion loyalty programs, an average of 14.8 per person. And it probably won’t come as a surprise that they only actively use...

B2B Payments
PayPal Ventures Invests $11.9M In Payments Services Firm Modulr
November 19, 2020

Modulr, a Payments-as-a-Service application programming interface (API) platform, has received an investment of 9 million pounds ($11.9 million) from PayPal Ventures in order to boost its services and develop new products, according to a press release. Get the Full Story Complete the form to unlock...

B2B Payments
Wells Fargo Debuts Digital Supplier Payment Tool
November 19, 2020

Wells Fargo is beefing up its digital payments arsenal with a new service aimed at business customers. 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...

Mobile Payments
Google, Mobile Wallets Pave Roadmap To Super Apps
November 19, 2020

The pandemic has had an impact on digital wallet usage – in other words, up and to the right. Blackhawk Network noted that mobile wallet adoption in the U.S. stood at 38 percent usage among consumers before the pandemic, and as late as this fall...

B2B Payments
Intesa Sanpaolo, Kyriba Partner For Dynamic Discount Service
November 19, 2020

Italian bank Intesa Sanpaolo will work with supply chain finance FinTech Kyriba in order to debut a new dynamic discount service, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Bitcoin
Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash...
November 19, 2020

Bank of England Chief Economist Andy Haldane advocated for the potential benefits digital currencies can offer in a recent speech given at TheCityUK 10th Anniversary Conference on Wednesday (Nov. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Ex-Wirecard CEO Defends Regulators, Refuses To Answer German Parliament’s Questions
November 19, 2020

Former Wirecard CEO Markus Braun doesn’t blame regulators or German politicians for the events that led to Wirecard’s demise in a global scandal earlier this year, the Financial Times reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Payroc Expands Payment Processing Services With Bluestone Payments Acquisition
November 19, 2020

Global payment processor Payroc announced Wednesday (Nov. 18) in a company press release emailed to PYMNTS that it has acquired Bluestone Payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...