News

Retail
David’s Bridal Avoids Bankruptcy With Debt Deal
November 05, 2019

David’s Bridal has reached a debt deal, enabling the bridal chain to avoid another round in bankruptcy court. 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...

B2B Payments
To Accelerate Payments, Mix Rails Or Nix Rails?
November 05, 2019

Jack Henry Associates announced last week that it has on-boarded an additional 15 financial institutions to The Clearing House’s RTP network in the latest sign of faster payments gaining traction in the U.S. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Shifting Logistics To The Center Of Trade Finance
November 05, 2019

The Asian Development Bank‘s estimation of a $1.5 trillion gap in available trade finance is both concerning (particularly to small and medium-sized businesses [SMBs] struggling to access financing to expand across borders), as well as enticing to technology innovators seeking ways to fill a portion...

B2B Payments
Nium, Formerly InstaRem, Drops Bank License Pursuit
November 05, 2019

Singapore FinTech startup Nium — formerly branded InstaReM — is dropping its pursuit to compete for a digital wholesale banking license in the city-state, Bloomberg reported on Tuesday (Nov. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
Peloton Acquires Gossamer Engineering To Boost Product Development
November 05, 2019

Earlier this year, fitness startup Peloton Interactive acquired Gossamer Engineering, which has designed devices for Google and Facebook. 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...

Cross-border Payments
How SaaS Providers Get Emerging Markets To Subscribe
November 05, 2019

  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 receive marketing communications from PYMNTS...

Regulation
SoftBank Tightens Startup Regs After WeWork’s Washout
November 05, 2019

SoftBank is looking to develop stricter regulations for startups in the wake of the near collapse of WeWork. Sources have said the Japanese powerhouse is expected to reveal its new standards and restrictions on dual-class share structures this week, which will apply to future investments...

B2B Payments
Citi: Turning Digital Payments Acceptance Into A Corporate Cash Management Play
November 05, 2019

As merchants go global, the pressure grows for payment capabilities to localize. That is to say, as organizations expand on an international scale and reach new customers, those businesses must allow consumers to pay the way they want for the optimal end-user experience. Get the...

Investments
Boulevard Brings In $11M For Beauty Biz Software Development
November 05, 2019

Boulevard, a provider of back-office management software for the spa and salon industry, has raised $11 million in a Series A funding round from investors, including Index Ventures and Bonfire Ventures. As part of the deal, Index Ventures Principal Damir Becirovic, as well as Co-founder...