News

B2B Payments
Unifiedpost Unveils Acquisitions To Build European B2B Platform
December 28, 2020

European FinTech company Unifiedpost Group has unveiled the acquisitions of BanqUP, AKTI and 21 Grams. The firm says that it continues to build out its “one-stop-shop platform” and grows its activities from 15 to 20 European nations with the transactions, according to a Wednesday (Dec. 23)...

Partnerships / Acquisitions
Square Said To Mull Buy of Jay-Z’s TIDAL Music-Streaming Service
December 28, 2020

The highly competitive streaming-audio industry could be starting the New Year with some consolidation, a new report suggests. Jack Dorsey — the billionaire CEO of Square and Twitter — is said to be interested in buying TIDAL, the audio service owned by billionaire music legend Jay-Z....

Regulation
China’s Central Bank Tells Ant Group To Concentrate On Payments Business
December 27, 2020

Financial regulators in China are moving to curb the influence of Jack Ma‘s Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. Get the...

Partnerships / Acquisitions
Report: PayPal, Crypto Firm BitGo Acquisition Talks Fall Through
December 27, 2020

PayPal has dropped its bid to acquire bitcoin wallet purveyor BitGo but remains interested in investing in the cryptocurrency space, Fortune reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
UK Brexit Deal Lacks Needed Clarity On Financial-Services Access
December 27, 2020

A Brexit deal has been reached between the U.K. and European Union (EU), which will help to define the future relations of the two entities, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Hackers Tapped Microsoft Resellers To Gain Access, Report Says
December 27, 2020

The suspected Russian hackers who penetrated important U.S. government networks by hijacking the system information technology vendor SolarWinds Corp. used to update customers’ software also used Microsoft resellers’ systems to break into their clients’ systems, Reuters reported, citing investigators. Get the Full Story Complete the...

Retail
Computer Shortages To Linger As Demand Outstrips Supplies
December 27, 2020

Sales of PCs, defined as computers with keyboards, stormed back in 2020, Reuters 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. yesSubscribe to our daily newsletter, PYMNTS...

Retail
US Retail Sales Up 2.4 Pct From November To Dec. 24
December 27, 2020

Holiday sales rose this year compared to last but failed to meet many analysts’ expectations and were especially disappointing for brick-and-mortar operators, according to a variety of data sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Direct Listings And SPACs Change The Face of Public Offerings
December 27, 2020

There’s nothing new under the sun, goes the saying. There are just new ways to take it public. 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...