News

News
Today In Payments: Bank Of America Says Spending Up Over 2019; Airbnb IPO Tops Forecasts...
December 10, 2020

In today’s top news, Bank of America’s CEO said customers are spending more than last year, and Airbnb topped forecasts with an IPO share price of $68. Plus, the FTC and 46 states opened a lawsuit against Facebook accusing it of maintaining a social networking...

Partnerships / Acquisitions
Wolters Kluwer Inks Deal To Buy eOriginal For $280 Million
December 10, 2020

Financial services firm Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement to acquire digital lending software provider eOriginal for roughly $280 million (231 million euros) in cash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Tis The Season….For Omnichannel Returns?
December 10, 2020

Gift-giving during the holidays is a lot like … well, pretty much everything else in life. Namely, you pay your money, you take your chances. To that end, at least some retailers are gearing up for returns: the retailing process where what you want is...

Regulation
EU To Big Tech: Police Content Or Pay Massive Fines
December 10, 2020

The regulatory pressure on Big Tech continues, with the European Union mulling massive fines in a bid to force Facebook, Amazon and other tech giants to do a better job of policing online ads and content. Get the Full Story Complete the form to unlock...

Payments Innovation
Verizon Business To Offer Fiserv’s Clover Touchless Payment Services
December 10, 2020

Verizon Business customers will now be able to utilize Fiserv’s Clover Flex point-of-sale devices to conduct touchless payments, in addition to Fiserv merchant services such as debit and credit card processing. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Grocery Roundup: Digital Data Shifts; Food Lion’s Upgrade; Shopping Limits Return
December 10, 2020

That grocery has spent much of 2020 getting digitized isn’t breaking news as the year is settling into its last few weeks, but this week we did start seeing figures rolling in from PYMNTS and other sources marking just how big that shift has been...

International
Singapore’s Sea Limited Files With SEC To Offer 11 Million American Depositary Shares
December 10, 2020

Singapore-based Sea Limited has filed with the SEC to offer 11 million shares of its American Depositary Shares (ADSs), each representing one Class A share of ordinary company stock. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
French President Macron Calls For Digital Sovereignty For Europe
December 10, 2020

A top goal in the European debate over updating the rules of the road for the internet should be a “European solution and European sovereignty,” said French President Emmanuel Macron. European Union regulators are working on a Digital Services Act that would address such issues...

B2B Payments
Bank Of America Expands SWIFT gpi, Intros CashPro Cross-Border Payment Tracker
December 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...