News

Partnerships / Acquisitions
Ant Financial Acquires Minority Stake In Klarna
March 04, 2020

China’s Ant Financial has acquired a minority stake in the Swedish split payments FinTech Klarna for an undisclosed sum, Klarna announced on Wednesday (March 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Innovation
Mastercard On Accelerating Growth Between FinTechs And FIs To Foster Ecosystem Collaboration
March 04, 2020

The payments and financial services sectors are taking advantage of the multiplier effect, through which one plus one can equal four. More established financial players offer scale and reach along with decades of experience in touching millions, even billions, of end users’ financial lives. This...

Investments
Visa Partnerships Level The Female Founder Funding Field
March 04, 2020

On Sunday, the world will celebrate International Women’s Day for the 45th time as a global community since the U.N. first declared the global observance in 1975. In 1977, the event was crystallized into an annual occurrence by decree – though technically, women’s rights has since...

Banking
The Rise Of ‘Intelligent Engagement’ In Corporate Banking
March 04, 2020

The digital transformation across any number of verticals — from retail to healthcare — has fostered a consumer mindset that demands deep engagement, speed and convenience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Robinhood Outage Shows Cracks In Its Platform Model
March 04, 2020

No band of merry traders here. 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 daily newsletter, PYMNTS Today. By completing this form, you agree to...

Retail
Rent The Runway Expands Subscription Types
March 04, 2020

Rent the Runway, a company that lets people order clothes and then return them, is adding a new tier to its subscription offerings in an effort to grow its business, according to a report by CNBC. Get the Full Story Complete the form to unlock...

B2B Payments
Nationwide Delays SMB Account To Build Bank-Switching Tool
March 03, 2020

Nationwide Building Society has pushed back the rollout of its small- to medium-sized business (SMB) account to later this year, instead wanting to focus for now on the testing of its mobile app and building an open banking-powered switching tool, according to Finextra. Get the...

CFPB
US High Court Considers CFPB’s Fate
March 03, 2020

The Supreme Court heard arguments about whether a sitting U.S. president has the authority to fire the leader of the Consumer Financial Protection Bureau (CFPB), which was formed after the financial crisis, according to the Financial Times. Get the Full Story Complete the form to...

International
FedEx, UPS Warn Of Delivery Delays, JPMorgan Tests Virus Contingency Plan
March 03, 2020

The coronavirus could have wide-reaching effects on technology, air travel and the economy as a whole, while some areas, such as product development, may not be affected. Here are the latest updates on the coronavirus around the world. Get the Full Story Complete the form...