News

eCommerce
Extend CEO: Extended Warranties Can Reassure Consumers In A Post-Pandemic World
June 19, 2020

The global pandemic has digitized consumers’ purchase patterns, as ordering online from the safety of one’s home suddenly feels a good deal safer from a public health viewpoint. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
We.Trade Cuts Half Of Workforce After Funding Disappointments
June 18, 2020

Blockchain-based we.trade, which works in open trading, has cut around half of its workforce after it was unable to secure sufficient funding, Global Trade Review reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Ivalua Tech Improves Visibility For Supply Chain Management
June 18, 2020

Global spend management cloud solution firm Ivalua has released its new platform to help companies better manage spending and suppliers with visibility and automation, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Albertsons Looks To Raise $1.51B In IPO On A $11.61B Valuation
June 18, 2020

Albertsons Cos., the nation’s second-largest supermarket chain, is preparing for an initial public offering (IPO), according to a U.S. Securities and Exchange Commission (SEC) filing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Surecomp Rolls Out Fastrade Tool For SMB Trade Finance
June 18, 2020

To let financial institutions provide trade finance functions to their small and medium-sized business (SMB) customers, Toronto-based Surecomp has rolled out its Fastrade front office product. The company said the technology lets trade-finance providers bolster customer service with an “easy-to-deploy, intuitive and scalable multi-bank channel”...

Partnerships / Acquisitions
Western Union, AXA Team On Life Insurance Pilot Program
June 18, 2020

Some residents of France who use Western Union online services to wire money to friends and family in certain African countries will be offered free one-month, 1,000-euro life and disability policies benefiting those recipients under a pilot program, according to a press release. Get the...

KKR To Buy Dutch Holiday Parks Company Roompot From PAI
June 18, 2020

KKR, the New York-based global investment firm, signed an agreement to buy the Dutch holiday parks company Roompot Group from PAI Partners, the companies announced Thursday (June 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

IPO
Eastern Bank Readying For IPO
June 18, 2020

Boston-based Eastern Bank, the nation’s largest mutual, is pushing ahead with plans to go public and shed its long-time format in a move that could raise nearly $2 billion, according to a press release. Get the Full Story Complete the form to unlock this article...

News
Today In Payments: US Casinos To Go Cashless; Mastercard, Visa Lose Round On UK Swipe...
June 18, 2020

In today’s top news, U.S. casinos are moving toward cashless gambling, and Visa and Mastercard lost their bid to assess fees on retailers in the United Kingdom. Plus, Google has launched “Promoted” pins to highlight small- to medium-sized businesses (SMBs) on Google Maps. Get the...