News

IPO
Paya Debuts On Nasdaq, Shares Close Up 10 Pct
October 19, 2020

Paya, the latest FinTech to the join the ranks of publicly traded companies, made its market debut Monday (Oct. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Unit21 Nets $13M For Business Risk And Compliance Tool
October 19, 2020

San Francisco-based Unit21, which offers products for fighting financial crime, has landed $13 million in a funding round led by A.Capital Ventures. Unit21 has experienced “growth of 400 percent by helping risk and compliance teams identify, investigate and report suspicious activity,” the company said in...

News
Today In Payments Around The World: SIBS Takes Payments Infrastructure International; Alibaba Wagers On China...
October 19, 2020

In today’s top payments news around the world, Portuguese payments provider SIBS is taking its payment platform international, while Alibaba has invested $3.6 billion for a controlling stake in Sun Art Retail Group. Plus, Yandex says merger talks with TCS Group Holding (Tinkoff) have fallen apart....

Retail
Broad Reach Brings Optimistic Outlook To Retail Development
October 19, 2020

Put commercial real estate and retail in the same sentence and it usually spells trouble. That’s not the case, however, for Annapolis, Maryland-based Broad Reach Retail Partners. While other developers have understandably struggled with the pandemic, Broad Reach has designed and operates its properties with...

Retail
Philly-Area Mall Developer Warns Of Possible Chapter 11
October 19, 2020

One of the mall sector’s more innovative real estate investment trusts has hit financial turmoil. The Pennsylvania Real Estate Investment Trust (PREIT) last week reached a debt restructuring deal with its lenders and sent up a red flag about its future viability if it doesn’t...

Retail
eSalon Marks Tenth Anniversary In Digital-First Economy
October 19, 2020

Most of the legion of direct-to-consumer (D2C) brands on the scene these days would happily take the trajectory of eSalon: Take a great idea, stay true to the business model, keep the finances in check, get through the pandemic and then create a joint venture...

Retail
Pandemic Presents New Hurdles For Consumer Holiday Spending
October 19, 2020

As it presents possible hurdles for an economy that heavily depends on their amenability to purchase, COVID-19 is making new challenges for the 2020 holiday spending by American consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Billtrust To Go Public Via SPAC At $1.3B Valuation
October 19, 2020

B2B order-to-cash solutions provider Billtrust and special purpose acquisition company (SPAC) South Mountain Merger Corporation announced on Monday (Oct. 19) that they have entered into a “definitive business combination agreement.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Nordstrom Adds Online Order Pick-Up Service As Retailers Seek To Recover Sales
October 19, 2020

Seattle-based Nordstrom is launching an order pickup service at Nordstrom Rack stores in the U.S. The retailer is rolling out the new service at the U.S. Nordstrom Rack stores, starting this month, for online orders for Nordstrom.com, NordstromRack.com and HauteLook.com orders. Get the Full Story Complete the...