News

Security & Fraud
Study: COVID-19 Fraud Reaches $100M
August 05, 2020

SocialCatfish.com, the identity verification nonprofit, reported U.S. losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

eCommerce
How Thrasio Turned Buying Amazon Third-Party Sellers Into A $1B Business
August 05, 2020

In Greek mythology, Thrasos is the character that personifies boldness. Drop the ‘os’ and add an ‘io,’ and it’s a company that personifies the fast track to digital commerce success. Thrasio has taken its Amazon-centric business model to a high level at high-speed, snapping up...

Security & Fraud
Fiserv: Merchants And The Need For Multilayered Security In A Digital-First World
August 05, 2020

The degree to which COVID-19 has converted consumers to digital channels is very visible with a quick glance at the data. Tim Horton, head of global merchant security and fraud solutions at Fiserv, told a recent PYMNTS Masterclass that online purchases have more than doubled year...

Investments
Volante Nets $35M To Expand Cloud Tech
August 05, 2020

Volante Technologies, which works in cloud payment processing, announced a $35 million growth equity funding round led by Wavecrest Growth Partners, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
The Home Depot Ramps Up Distribution To Meet Demand From Remodelers
August 04, 2020

Banking on the odds that Americans will continue a recent trend of performing extra repair and remodeling on the homes they’re stuck in due to COVID-19, The Home Depot announced on Tuesday (Aug. 4) that it is moving quickly to open three new distribution centers...

Partnerships / Acquisitions
TikTok’s Time Is Running Out
August 04, 2020

As the pandemic raged and millions lived under lockdown, one seemingly harmless diversion was TikTok, the amusing short-form mobile video app from Chinese tech firm ByteDance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Mastercard Grows Partnership With B2B FinTech ANNA Money
August 04, 2020

ANNA Money and Mastercard have broadened their partnership to help ANNA’s customers through “value-added services,” according to a Tuesday (Aug. 4) announcement. 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
Survey: FIs Are Spending 15 Pct More YoY On Cybersecurity
August 04, 2020

Financial institutions (FIs) plan to spend 15 percent more protecting their computer networks in 2020 than they spent in 2019, according to a report based on the results of a survey conducted by Deloitte & Touche LLP and the Financial Services Information Sharing and Analysis...

B2B Payments
NatWest Adds Apple Pay Option For B2B Payments
August 04, 2020

NatWest is bringing Apple Pay to all its business credit card customers, 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 required. yesSubscribe to our...