News

Faster Payments
Why 2021 Will Be Real-Time Payments Break-Out Year
October 16, 2020

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Only if, he says, there’s better alignment between the bank bill-pay model and the biller-direct...

Retail
The Direct-To-Consumer Challenge: Converting One-Time Buyers Into Repeat Customers
October 16, 2020

The digital-first shift means there are more options for smaller, direct-to-consumer brands, to find first-time customers from around the country or even the world. But sticky.io CEO Brian Bogosian tells Karen Webster that the rubber meets the road when it comes time to convert those...

Payments Innovation
Why Payments Orchestration Is Becoming A ‘Must-Have’ For Platform Merchants
October 16, 2020

The pandemic is accelerating the great migration of merchants to online channels, and particularly online platforms. In an interview with PYMNTS, Daniel Wideman, VP of product at Spreedly, said that platforms, payments orchestration and smart routing of transactions are becoming “must-haves” in an online world...

Investments
Data: London FinTechs Netted $3.6B In VC Investments So Far In 2020
October 16, 2020

London’s FinTech sector has been going strong this year, even in spite of the pandemic, with $3.6 billion in venture capital investments between January and September 2020, according to a press release from London & Partners emailed to PYMNTS. Get the Full Story Complete the...

Security & Fraud
Authorities Bust 20 In Alleged International Malware Scam Ring
October 15, 2020

European and American officials have arrested 20 people from numerous countries for belonging to an international ring called QQAAZZ that laundered millions of euros via malware schemes from cybercriminals, The Associated Press (AP) reported. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
SoftBank Steps Up Pressure For Grab, Gojek Deal
October 15, 2020

Masayoshi Son, founder of SoftBank, is trying to forge a truce between rivals Grab and Gojek so the two companies can continue negotiating an acquisition, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Text-Based Healthcare Platform 98point6 Nets $118M After Membership Grows 274 Pct
October 15, 2020

On-demand digital healthcare service 98point6 has come off a Series E funding round with $118 million, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Report: Hackers Hit 2,000 Robinhood Accounts
October 15, 2020

A recent hack compromised around 2,000 Robinhood Markets accounts, suggesting the attacks were more widespread than previously realized, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
Tide Collaborates With GoCardless For SMB Invoice Payments
October 15, 2020

British banking platform Tide announced that it has teamed with GoCardless to roll out a service that will let members accept invoice payments through Direct Debit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...