News

B2B Payments
Wells Fargo Restructures Commercial Banking Business
June 04, 2019

Wells Fargo announced on Tuesday (June 4) that it has restructured its commercial banking business. 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,...

Security & Fraud
Square Sends Receipts To Wrong Customers
June 04, 2019

Square, the digital payments company that handles millions of transactions for consumers, sometimes sends the receipts to the wrong people, a situation chronicled in a new Wall Street Journal report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
Visa, Currencycloud Team For X-Border, Travel Payments
June 04, 2019

Visa and Currencycloud, an enterprise-class payments platform, announced on Tuesday (June 4) a partnership to drive more innovation in cross-border and travel payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Biz2Credit Raises $52M In Funding To Expand
June 04, 2019

Biz2Credit, the online lending platform that helps banks and other financial institutions manage small and medium-sized business (SMB) lending processes, announced Tuesday (June 4) that it raised $52 million in venture funding. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Why By-The-Book Compliance Could Be Homesharing’s Next Innovation
June 04, 2019

Short-term business housing is, in general, not renowned for its beauty or excitement — which is likely why Airbnb’s investment in Lyric last month seemed like something of an outside entry path into the hotel industry the firm was launched to disrupt. Get the Full...

Retail
Reimagining Household Cleaners With Refill Plans (And Reusable Bottles)
June 04, 2019

To change the way consumers buy home cleaning products, eCommerce companies are allowing consumers to purchase eco-friendly concentrates through the refill business model. Truman’s Co-Founder Alex Reed told PYMNTS in an interview that the direct-to-consumer (DTC) business model has “changed the landscape of a number of...

Retail
L’Oréal To Partner With Amazon On Makeup Tech
June 04, 2019

L’Oréal’s virtual reality business ModiFace will be working with Amazon to provide makeup testing technology, according to an announcement from the French beauty powerhouse. The tech will allow customers to virtually “try on” lipstick using mobile phone videos or pictures. It will work with multiple...

Retail
Mercedes-Benz Expands Luxury Vehicle Subscription Service
June 04, 2019

Mercedes-Benz has announced it is celebrating the one-year anniversary of its luxury vehicle subscription service by expanding the program to Atlanta, Georgia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Penta Hires CEO From Banking-as-a-Service Provider
June 04, 2019

Germany-based digital small business bank Penta has announced its new chief executive officer. 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....