News

Delivery
Instacart-Walmart Delivery Pact Heats Up Online Grocery Wars
August 11, 2020

The great digital shift — and the evolution of how we get our food from grocers’ aisles to table — has spurred a number of strategic partnerships aimed at cementing customer loyalty. Get the Full Story Complete the form to unlock this article and enjoy...

News
Today In Payments: Facebook Forms Facebook Financial For eCommerce; Execs Vow To Hire 100K Low-Income...
August 11, 2020

In today’s top news, Facebook launched Facebook Financial to run the company’s eCommerce and payments projects, and more than two dozen top executives have pledged to hire 100,000 people from minority communities. Plus, a California judge ruled that Uber and Lyft must stop classifying workers...

IPO
CuriosityStream Unveils Plans To Go Public Through Reverse Merger
August 11, 2020

CuriosityStream, a streaming service that produces documentaries on history, science and technology, is poised to become the latest company to go public through a merger with a special purpose acquisition company, or SPAC. Get the Full Story Complete the form to unlock this article and...

IPO
Report: Airbnb Eyes IPO Before Year’s End
August 11, 2020

Despite a 40 percent decrease in its valuation in three years, Airbnb Inc. is on track to go public in a move that would illustrate a bounce-back in the sinking homesharing sector. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Nokia Phone Licensee HMD Global Notches $230M In Funding
August 11, 2020

HMD Global, the exclusive licensee of the Nokia brand for tablets and smartphones, notched a $230 million investment from some of its leading strategic partners with the “first closing” of its current funding round. The funding would continue to propel the company’s strategic vision forward...

Delivery
Walmart, Instacart Partner On Same-Day Delivery To Battle Amazon’s Whole Foods
August 11, 2020

Walmart Inc. and Instacart have teamed up to offer same-day delivery in select U.S. markets as the battle against Amazon and Whole Foods Market intensifies, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Prosecutors Target Loosely-Regulated Business Lending Sector
August 11, 2020

Federal and state authorities are targeting companies that allegedly lend money to small businesses at extreme rates and seek to collect payments with heavy-handed tactics, NBC News reported Tuesday (Aug. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
China’s Ucommune Changes Course On Planned US IPO
August 11, 2020

Ucommune, a Chinese rival of co-working space operator WeWork, scrapped a planned U.S. IPO via a document filed on Monday (Aug. 10) with the U.S. Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Kount Offers Anti-Fraud Product Aimed At Insurance Industry
August 11, 2020

Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...