News

News
Top News In Payments: ECB Has Mulled Public Digital Currency; Grab Debuts Numberless Card In...
December 05, 2019

In today’s top news, the European Central Bank (ECB) has mulled using a public cryptocurrency if international payments inside of Europe stayed too costly. Also, Grab is introducing Asia’s first numberless card in batches. And Uber CEO Dara Khosrowshahi said the ride-hailing firm could potentially offer...

International
MoneyGram Extends Visa Direct Service To Spain, Philippines
December 05, 2019

MoneyGram, in partnership with Visa, has expanded its debit card deposit service, which was launched in collaboration with Visa Direct, Visa’s real-time push payments platform, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
AvidXchange Targets Banks’ B2B Payments Friction With AvidPay
December 05, 2019

Commercial payments technology company AvidXchange is connecting banking clients to its AvidPay B2B payments network through a new integration. The company announced on Thursday (Dec. 5) in a press release that it is integrating AvidPay into its BankTEL product suite, designed for financial institutions to...

Retail
How TikTok ‘eGirls’ Helped Create A Multi-Million-Dollar Fashion Brand
December 05, 2019

If one were to make a list of products for a cutting-edge fashion brand aimed at capturing the emerging Generation Z market, it is safe to assume that “foxtail keychains” would not make the top 10. Get the Full Story Complete the form to unlock...

Retail
Fueling Consumers With Protein, Prebiotics And eCommerce
December 05, 2019

Before Kellie Lee created prebiotic energy snacks packed with protein called Rowdy Bars, she was experimenting in her kitchen. Lee and her husband are big backpackers in Nevada, and she liked to create snacks for them to take on their adventures. But around the same time,...

Retail
Oct. Retail Sales Drop 0.6 Pct. In Euro Zone
December 05, 2019

With the negative impact from trade, the economy of the eurozone expanded at a modest rate in Q3, as retail sales dropped in October at the sharpest rate of the year. Retail sales in the bloc in October dropped 0.6 percent, which was two times...

Retail
Rent The Runway Brings Rentals To W Hotels
December 05, 2019

To offer its clothing rental service to travelers, Rent the Runway is collaborating with Marriott’s W Hotels brand to roll out a rental experience at the W South Beach, W Aspen, W Hollywood, and W Washington D.C. The platform has been working with other companies...

Investments
Figure Technologies Raises $103M To Continue Blockchain-Based Lending
December 05, 2019

Blockchain lending firm Figure Technologies announced that it has closed a $103 million series C funding round led by Morgan Creek Digital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Partnerships / Acquisitions
Envestnet | Yodlee Enters Data Sharing Agreement With JPMorgan Chase
December 05, 2019

Data aggregation and analytics platform Envestnet | Yodlee announced that it has signed a data sharing agreement with JPMorgan Chase. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....