News

Delivery
Bargain Shopping Sites Build Up Shipping Networks As Costs, Obstacles Grow
December 21, 2020

Chinese firms and other companies that hawk consumer bargains are looking to save cash on shipping. As mailing costs have risen and bottlenecks have mushroomed, more companies are looking to be like Amazon and provide their own logistics. Get the Full Story Complete the form...

News
Today In Payments Around The World: China-Based IPOs Landed $11.7 Billion In 2020; New Coronavirus...
December 21, 2020

In today’s top payments news around the world, Chinese companies had 30 initial public offerings (IPOs) this year, while a highly infectious new coronavirus strain has reportedly caused some nations to ban U.K. travelers from entering. Plus, United Kingdom-based supply chain company PrimaDollar is reportedly...

Investments
OneTrust Secures $300 Million In Series C Funding; Valuation Reaches $5.1 Billion
December 21, 2020

OneTrust has secured $300 million in Series C funding, bringing its valuation to $5.1 billion, the company announced on Monday (Dec. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Digital Banking
Today In Digital-First Banking: Gojek Invests In Indonesia’s Bank Jago; China Might Put Limits On...
December 21, 2020

In today’s top news in digital-first banking, Gojek has invested in Indonesia-listed Bank Jago, while China might place limits on bank and FinTech partnerships. Plus, the U.S. Treasury Department has proposed broad new regulations on digital currency. Get the Full Story Complete the form to...

Investments
Rental Platform Apartment List Valued At $600 Million Following $50 Million Fundraise
December 21, 2020

The rental platform Apartment List has raised $50 million in a new funding round led by Janus Henderson Investors, doubling its valuation to over $600 million. Other backers include Allen & Co., Canaan Partners, Tenaya Capital and Quantum Partners LP, a fund managed by Soros...

Security & Fraud
MoneyGram Backs Move To Strengthen US Anti-Money Laundering Laws
December 21, 2020

MoneyGram International is putting its muscle behind U.S. regulators’ proposal to tighten financial reporting required of financial institutions (FIs). 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...

Investments
Supply-Chain Startup Project44 Raises $100 Million In Series D Round
December 21, 2020

Supply chain technology startup project44 raised $100 million in a Series D funding round led by existing investor Insight Partners, with additional support from Eight Partners VC LLC, Emergence Capital Partners, Omidyar Technology Ventures, Sapphire Ventures LLC, Sozo Ventures and Underscore VC. Get the Full...

B2B Payments
Virtual Cards Moving Deeper Into B2B Payments
December 21, 2020

Digital transactions are overtaking the B2B universe this year, and with that come concerns about speed and security that attend all such undertakings. It’s casting a spotlight on virtual cards, seen as a highly secure form of payment that is easily integrated for straight-through processing....

Retail
Nike ‘Just Does It’ On Digital-First Transition, D2C Sales And A Hot Loyalty Program
December 21, 2020

Nike showed in its latest earnings report that the sportswear giant is “just doing it” when it comes to three of the COVID-19 era’s hottest retail trends – digital-first shopping, direct-to-consumer (D2C) sales and building a killer loyalty/rewards program. Get the Full Story Complete the...