News

Partnerships / Acquisitions
Square Partners With POWDR To Offer Ski Resorts Contactless Transactions
December 14, 2020

Square has partnered with POWDR to advance payments, eCommerce and point of sale (POS) at ski resorts across the U.S. and Canada, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Murphy Agrees To $645 Million Acquisition Of QuickChek
December 14, 2020

Arkansas fuel chain Murphy USA has agreed to a $645 million all-cash deal to acquire New Jersey convenience store chain QuickChek. The purchase price includes $20 million in tax benefits, making the net purchase price $625 million, according to a press release. Get the Full...

Partnerships / Acquisitions
Blank-Check Firms, Or SPACs, Poised For $300 Billion M&A Spree 
December 14, 2020

It turns out blank-check companies, which were behind billions in mergers and acquisitions in 2020, were just getting warmed up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Report: EY Anti-Fraud Team Found ‘Red-Flag Indicators’ at Wirecard
December 14, 2020

The epic collapse of German payments company Wirecard continues to raise questions about its accounting firm for years, Ernst & Young (EY). Munich prosecutors have begun an investigation into EY’s audit of Wirecard, adding to its troubles associated with $2.1 billion that went missing at...

Security & Fraud
Businesses Re-Evaluate Web Security After Attacks On US Government Sites 
December 14, 2020

Reports of widespread cyberattacks on several U.S. government agency websites have sent shockwaves throughout the country and the world, raising concerns about the ability of any institution to protect its vital and confidential data. Get the Full Story Complete the form to unlock this article...

Digital Banking
DoorDash Partners With Payfare To Launch Banking Solution For Drivers
December 14, 2020

DoorDash and Payfare are collaborating to launch the DasherDirect banking solution for delivery drivers (Dashers), which aims to give them greater flexibility over earnings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Today In Retail: Bed Bath & Beyond Inc. Enters Deal To Sell Cost Plus; Authentic...
December 14, 2020

In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. Plus, there are two weeks up to Christmas, and...

B2B Payments
Today In B2B: Tradeteq Collabs With Microsoft Azure; CEOs Sound Off To Biden
December 14, 2020

Today in B2B payments, Tradeteq strikes a deal with Microsoft for trade financing, while CEOs lend their advice to President-elect Joe Biden. Plus, Paymerang introduces an invoicing feature, Finexio broadens availability of its B2B Payments-as-a-Service solution, and B2BE and OnPay team up to automate procurement...

IPO
Why Affirm Would Delay Its IPO Amid A Hot Market
December 14, 2020

It might seem the recent huge gains by Airbnb and DoorDash on their first trading days following initial public offerings would have BNPL giant Affirm Holdings Inc. speeding up its own planned IPO. But the company is reportedly actually doing the opposite. Get the Full...