News

Partnerships / Acquisitions
What’s The Best Way To Navigate The New World Of Payments?
October 04, 2019

These are indeed the days for mergers and acquisitions (M&A) in the world of payments, and that trend looks likely to hold into the 2020s. That raises several questions for financial institutions (FIs), FinTech firms and payment service providers as they figure out how to...

Investments
Israeli Startup Waycare Lands $7.25M For AI-Powered Traffic Improvements
October 04, 2019

Mobility platform Waycare announced that it has raised $7.25 million in Series A funding. The round was led by SJF Ventures, with participation from UpWest, Next Gear Ventures, innogy, Spider Capital, Goldbell, Zymestic Solutions and Janom. The funding will be used toward Waycare’s expansion efforts...

Security & Fraud
Russia’s Sberbank Investigating Potential Client Data Leak
October 04, 2019

Russia’s Sberbank has been the victim of a client data leak. 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...

Investments
Bird Scooter Valued At $2.5B With Latest Funding
October 04, 2019

Scooter company Bird has announced a $275 million Series D funding round, bringing its valuation to $2.5 billion. CDPQ and Sequoia Capital led the round, with the fresh capital being used to help Bird get closer to profitability, as well as enable ongoing vehicle research...

Partnerships / Acquisitions
Stripe Adds Tax Compliance To Merchant Services Offer
October 04, 2019

TaxCloud has announced the launch of a new integration with Stripe. 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...

Merchant Innovation
Vendors Can Now Use Square For CBD Sales
October 03, 2019

Square has announced that it’s launching a CBD early access program, which will allow vendors in the United States to sell CBD products using Square. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Banking
Citi Appointed To Service $80B In Assets For Victory Capital
October 03, 2019

Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
Xoom Customers Can Now Send Money To South Korean Accounts
October 03, 2019

PayPal’s international money transfer service, Xoom, has announced that people in the United States, Canada and the U.K., as well as 31 other markets in Europe, can send money directly into bank accounts in South Korea. Get the Full Story Complete the form to unlock...

B2B Payments
NY AG Subpoenas 40+ Cos About MyPayrollHR Scandal
October 03, 2019

The state of New York is taking a closer look at the payroll technology industry amid the fallout from the collapse and scandal of MyPayrollHR, The Wall Street Journal reported Thursday (Oct. 3). Get the Full Story Complete the form to unlock this article and...