Shares in Luckin Coffee have fallen 39 percent after its initial public offering (IPO) as investors are worried about the company’s cash-burn strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Automattic announced that it has acquired startup Prospress. 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...
Merchants that sign on with firms to process their payments expect to get their funds consistently and constantly. Neil Randel, CEO of First American Payment Systems, tells Karen Webster that, even in the age of financial service megadeals, the processing space should be ruled by...
Volocopter and Skyports announced that they are teaming up to build the first mobile Volo-Port for air taxis. The Volo-Port will be the physical landing pad for electric take-off and landing (eVTOL). The partners plan to build it in Singapore for scheduled public flight trials...
Rumors of the death of cash – as in complete extinction – are greatly exaggerated. Even as digital payments gain ground, cash still remains part of the payments landscape – and its place may be permanent. Get the Full Story Complete the form to unlock this...
Kaspersky Lab, a cybersecurity and anti-virus company, has reported a rise in a specific malware intended to steal money and credentials from people’s bank accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Digital cross-border money transfer company InstaReM has announced a partnership with Kasikornbank to power cross-border payments for the bank’s customers in select markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Scaleworks, a private equity firm focused on acquiring startups, inked a deal to acquire SearchSpring, an artificial intelligence (AI) eCommerce company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
