News

Digital Banking
Today In Digital-First Banking: Zelle Exceeds 1B P2P Payments; China’s Digital Yuan Tests Process 4M+...
November 03, 2020

In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look...

IPO
Ant Group’s IPO Journey Faces Regulatory Hill – Is Lending In Crosshairs?
November 03, 2020

For Ant Group, for Alibaba, and for the biggest IPO ever, it’s a case of hurry up and wait. 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...

Social Commerce
Pinterest Gains Advertisers As It Competes With Other Social Networks
November 03, 2020

At a time when chaos and turmoil seem to have permeated everything from the pandemic to politics, social media sharing platform Pinterest is winning new advertisers large and small who are drawn to it as a haven of safety and positivity. While Facebook was never mentioned by name...

Investments
Indonesia’s Logistics Startup Logisly Raises $6M Series A
November 03, 2020

Logisly, a logistics startup headquartered in Jakarta, Indonesia, notched $6 million in a Series A funding round led by Monk’s Hill Ventures, according to a report in Tech Asia on Tuesday (Nov. 3). Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Sweden’s Folksam Insurance Group Reports Data Breach Involving Big Tech
November 03, 2020

One of Sweden’s largest private insurers, Folksam Group, says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. Get the Full Story Complete the form to unlock this article...

B2B Payments
Today In B2B: ERPs Broaden B2B Payments Capabilities; Bloomberg Broadens Credit Risk Data Pool
November 03, 2020

Today in B2B, Bloomberg broadens its credit risk data pool, and two ERP solutions secure B2B payments integrations. Plus, Everlink strikes a partnership for real-time B2B payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Fast And Furious: Used Car Sales Surge For Carvana During Pandemic
November 03, 2020

The automotive market is surging during the pandemic, and companies like Carvana are reaping the benefits. The company reported a stellar third quarter last week, as used cars and contactless delivery are driving the market. Get the Full Story Complete the form to unlock this...

Retail
SA Company Takes The COVID Pivot Outside – Literally
November 03, 2020

A lot of direct-to-consumer (D2C) brands are being funded these days, as the digital-first economy continues to gain traction. However, not a lot of that funding goes to 29-year-olds. The exception to that rule is CEO Tom DeSernia, who has grown and now funded one...

Retail
Nike Plans To Cut 700 Positions From HQ Workforce
November 03, 2020

As part of a wider reorganization announced in the summer of 2019, Nike plans to cut 700 positions at its headquarters by January, Oregon Live reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...