News

Security & Fraud
Authentication Creates Opportunity To Solve FIs’ $1 Trillion Fraud Problem
November 17, 2020

The great digital shift has created a host of problems for banks — 1 trillion problems to be exact. 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...

B2B Payments
Worldpay: Pandemic Has Forced The Issue On B2B Automation
November 17, 2020

Compared to their direct-to-consumer (D2C) counterparts, the heavy-lifting, hardworking B2B businesses of the world have always been chided for being a few clicks behind when it comes to embracing and investing in payments technology. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Digital-First Economy Could Make 2021 The Year Of The Fraud Bot
November 17, 2020

The eCommerce explosion has raised the stakes in the battle against fraudsters, making scams more difficult than ever to fight. And Kount executive Gary Sevounts told PYMNTS in a recent interview that the frontline in that fight right now involves bots, those automated software apps that...

Retail
Can Low Credit Card Balances Save Holiday Spending? Don’t Bet On It
November 16, 2020

Here’s the scenario. Consumers have cut back on travel, in-person entertainment and restaurant spend. They have paid down their credit cards. Then they will use this newfound spending power to bring a new, vengeful spending strategy to the holiday season because, after all, the American...

Partnerships / Acquisitions
Scooter-Rental Firm Bird Rides Inc. In Talks To Go Public Via A SPAC
November 16, 2020

Scooter rental startup Bird Rides Inc. is working on a deal with Credit Suisse Group to go public via a special purpose acquisition company (SPAC), according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
AI Software Provider C3.ai Eyes IPO
November 16, 2020

Enterprise artificial intelligence (AI) software provider C3.ai has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Europe
European Central Bank To Launch Probe Of 10-Hour Payments System Outage
November 16, 2020

The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. 23 this year, which resulted in a near 10-hour outage, according to a press release. Get the Full Story Complete the form to...

Retail
Mastercard’s Vosburg Sees Consumer Spending Changes
November 16, 2020

Craig Vosburg, Mastercard’s president of North America, said at a conference Monday (Nov. 16) that the company is seeing new consumer spending trends as a result of the pandemic. Speaking at the Citi 2020 FinTech Conference, Vosburg recounted some of the trends seen in the...

Investments
Germany’s Razor Nets $33M To Buy, Grow Amazon Sellers
November 16, 2020

Germany’s Razor Group, which works to acquire and scale Amazon brands, has raised 25 million euros (about $26.7 million) in a new funding round, according to a report from eCommerce News. Get the Full Story Complete the form to unlock this article and enjoy unlimited...