News

B2B Payments
Accounts Receivable Innovations Ease AP Pain
February 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. That means emerging services are multitasking, easing friction for both accounts payable and accounts...

B2B Payments
Commercial Cards Round Out B2B Financial Services
February 26, 2020

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. Get the Full Story Complete the form to...

Digital Banking
UK FinTech B-Social Notches Extra £7.8M Before Rebranding
February 26, 2020

The London-based FinTech B-Social raised £7.8 million in seed funding as it prepares to rebrand as Kroo and become a full-fledged bank, reports said on Wednesday (Feb. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Coronavirus Decimates US Stock Market $1.7T In 48 Hours
February 26, 2020

The U.S. stock market is spiraling downward, with the S&P 500 losing $1.737 trillion during a massive sell-off prompted by mounting fears over the coronavirus, according to multiple reports on Wednesday (Feb. 26). Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Ex-Microsoft Engineer Guilty Of Pilfering $10M In eCurrency
February 26, 2020

A former Microsoft engineer was found guilty of 18 federal felonies after he stole $10 million worth of digital currency from his ex-employer and used the money to finance a $1.6 million waterfront house, $160,000 Tesla, and other lavish items, the U.S. Department of Justice...

Acquiring
UK Unicorn Checkout.com Makes Deal To Acquire ProcessOut
February 26, 2020

Checkout.com, which works in global payment solutions, has made an acquisition in French payment company ProcessOut, the company said in an emailed press release. Financial terms of the deal were not released. Get the Full Story Complete the form to unlock this article and enjoy...

Delivery
Kraft Heinz’s Evolv: Backing Micro-Fulfillment’s Evolution At The Grocery
February 26, 2020

In eCommerce, and specifically, fulfillment, might the mantra be: Think big, go small? For grocers making the transition to the digital age, micro-fulfillment centers located at the back of the store may solve a myriad of logistics/inventory challenges. Evolv Ventures (the $100 million venture arm...

Banking
JPMC CEO: Bank Plans FinTech, Other ‘Very Creative’ Acquisitions
February 26, 2020

Billions of dollars in earnings.  Billions of dollars in the bank. 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...

B2B Payments
Vroozi Expands Procure-To-Pay Offering Into UK
February 26, 2020

Cloud-based purchasing platform Vroozi will expand in the U.K. and Ireland, and work with Stratas to automate purchasing in the area, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...