News

B2B Payments
Small Business Lawsuit Against RBS’s Restructuring Unit Begins
October 29, 2019

A trial has begun against the financial institution Royal Bank of Scotland (RBS) brought by a small business owner and former RBS client suing the bank for damages related to RBS’s disgraced Global Restructuring Group (GRG). Get the Full Story Complete the form to unlock...

Banking
Marqeta Reserve Gives Issuers Options To Prefund Digital Card Programs
October 29, 2019

Marqeta, a card issuing platform, has introduced a new service called Marqeta Reserve Financing, which is designed to help businesses incorporate a reserve financing option into their workflow, according to a release. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
Jack Henry’s Payments Hub Connects 15 FIs To RTP Network
October 29, 2019

The Clearing House (TCH) reported that 15 Jack Henry & Associates financial institutions (FIs) will use JHA PayCenter to connect to the RTP network, TCH said in a press release on Tuesday (Oct. 29). Get the Full Story Complete the form to unlock this article...

Retail
Tesco In Britain Adds Loyalty Card As Amazon Fresh Becomes Free
October 29, 2019

British supermarket group Tesco has announced it’s offering a loyalty subscription plan for customers, in an attempt to stay competitive with German-owned discounters.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Russia’s Sberbank To Acquire Part Of Mail.ru Internet Firm
October 29, 2019

Russia’s Sberbank, which is trying to become more digitally inclined as a financial institution, said it is buying Gazprombank’s holding stake in Mail.ru, a Russian internet company, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Chinese Bitcoin Mining Firm Canaan Creative To List On Nasdaq
October 29, 2019

A bitcoin mining company in China is looking to raise capital in the neighborhood of $400 million and is aiming to file on the Nasdaq for an IPO, in what would be at least its third attempt to do so. Get the Full Story Complete...

News
Top News In Payments: Western Union Debuts New Set Of APIs; Uber Rolls Out Uber...
October 29, 2019

In today’s payments news, cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic as well as global payment applications. Also, Uber has rolled out its Uber Money solution. And London API provider TrueLayer is collaborating with Visa. Get the...

B2B Payments
Tradeshift Taps Genpact To Broaden AP Automation Offerings
October 29, 2019

Supply chain payments solution provider Tradeshift is collaborating with professional services firm Genpact to broaden its procure-to-pay offering in an effort to support digitization and automation for joint customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
WeFarm Raises $13M To Grow Global Farming Network
October 29, 2019

The London-headquartered Wefarm network for independent farmers has raised $13 million in a Series A funding round led by True Ventures, TechCrunch reported on Tuesday (Oct. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...