News

International
Singapore’s Temasek Portfolio Valued Over $215B, CEO Says
July 08, 2020

According to Temasek CEO Ho Ching on Facebook, the Singaporean state-owned investor could be worth as much as S$300 billion, or $215 billion, Bloomberg reported Tuesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
PrimeRevenue Receives Digital Supply Chain Finance Patent
July 07, 2020

PrimeRevenue, which works in working capital finance solutions, has been granted a patent for supply chain finance (SCF) systems, allowing it better capabilities for digital financing and letting it eliminate Uniform Commercial Code (UCC) waiver requirements, according to a press release. Get the Full Story...

B2B Payments
HSBC Glitch Causes Wrong Names On Thousands Of SMB Loans
July 07, 2020

Due to a technical glitch, thousands of U.K. government small- to medium-sized business (SMB) loans to HSBC customers were sent under incorrect names, BBC News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
AeroPay Introduces Digital Payment Solutions For Cannabis Businesses
July 07, 2020

FinTech AeroPay has launched a new suite of digital payment solutions intended for cannabis businesses, 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....

International
Indonesia Levies 10 Pct Tax On Sales From Tech Firms
July 07, 2020

Starting next month, it will cost Amazon, Netflix, Spotify and Google more to do business in Indonesia. 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...

IPO
Cloud-based FI Software Provider nCino Goes Public
July 07, 2020

Two weeks after nCino, the software provider for financial institutions (FIs), announced plans to go public, the North Carolina-based company is offering 7.6 million shares of its stock. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Walmart To Challenge Amazon Prime With Subscription Membership
July 07, 2020

Walmart will be launching a new subscription service, Walmart+, this July, to compete with Amazon Prime, as reported by Vox. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

eCommerce
Verishop Introduces Social eCommerce App
July 07, 2020

To allow users to purchase attire from their news feeds, Verishop Inc. introduced a new social eCommerce app. The offering brings together the functions of an online shopping website that Verishop rolled out in 2019 with a digital app that works similar to TikTok and...

Security & Fraud
Pandemic Scammers Robbed US Consumers Of More Than $77M
July 07, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...