News

IPO
DraftKings To Merge, IPO At A $3.3B Market Value
December 23, 2019

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
India AP Automation Startup Finly Secures Funding
December 23, 2019

India-based accounts payable automation company Finly has announced new funding as it plans to expand its B2B product offering, reports in YourStory said Monday (Dec. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

News
Top News in Payments: Visa, TD Partner For US-Canada Money Transfers; Japanese Lenders Hinder SoftBanks’...
December 23, 2019

In today’s top payments news, Visa partners with TD Bank to provide real-time transfers for U.S. TD Bank account owners to their Canadian accounts. Also, Softbank’s negotiations with Japan’s three top lenders are hindered by lending limits, and the FTC sues FleetCor over “hidden charges”...

International
Indonesia Reduces Import Tax Threshold To Protect Smaller Firms
December 23, 2019

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. Get the Full Story Complete...

B2B Payments
SMB Payroll Outfit P&I Re-Acquired By Hg
December 23, 2019

U.K. private equity firm Hg is reportedly set to acquire small business payroll software company Personal & Informatik (P&I) several years after first acquiring the firm then divesting a majority stake. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Partnerships / Acquisitions
PayPal CFO Says Appetite For Acquisition Will Continue Into 2020
December 23, 2019

Payments company PayPal recently acquired Chinese payment platform GoPay, and it wants to continue to complete such deals, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Turkish Hacker Convicted Of Apple Blackmail Attempt
December 23, 2019

A 22-year-old Turkish man from London was convicted of attempting to blackmail Apple out of $75,000 in cryptocurrency or a thousand $100 iTunes gift cards by falsely claiming he had access to iCloud and other Apple accounts, various outlets reported on Monday (Dec. 23). Get...

Investments
Klarna Co-Founder Among Swedish Startup Execs Funding Social Change
December 23, 2019

The leaders behind Klarna, Minecraft and Candy Crush Saga are joining other startup founders and H&M’s founding Persson family to fund firms that are trying to solve the world’s biggest problems, the Financial Times (FT) reported Monday (Dec. 23). Get the Full Story Complete the...

Regulation
SEC Investigates Unicorns Direct Listings
December 23, 2019

Might unicorns have their wings clipped – just a bit? 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...