News

Cross Border Commerce
WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
July 29, 2024

With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday (July 26) — with participants agreeing to a two-year extension of a moratorium on taxation of cross-border electronic transmissions —...

Investments
Rillet Raises $13.5 Million for Accounting Automation Platform
July 29, 2024

Accounting automation firm Rillet has raised $13.5 million to develop its platform. 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...

Security & Fraud
France Suffers Attack on Broadband Services Amid Olympic Games
July 29, 2024

Amid a worldwide data breach surge, France is dealing with an older-school type of cyberattack. 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,...

Retail
Gift Card Scams Surge as Maryland Enacts Law Amid Federal Crackdown
July 29, 2024

Gift card scams are back in the news, with two federal agencies issuing warnings about their proliferation and one state now passing a law aimed at stopping its latest iteration called card draining, where scammers deplete the value of gift cards before they are used....

Investments
Aveni Raises $14 Million to Bring AI to Financial Services
July 29, 2024

Scottish FinTech Aveni has raised $14 million to bring AI to the financial services field. 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,...

Banking
UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
July 29, 2024

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is that a good number? Consider two facts before you answer. One: Ten million users is...

Delivery
DoorDash Hires Ex-Amazon Exec and Explores Digital Storefronts
July 28, 2024

DoorDash has reportedly hired an ex-Amazon executive to help its continued expansion beyond restaurant deliveries. 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,...

IPO
Chinese Autonomous Driving Firm WeRide Plans US IPO
July 28, 2024

WeRide, a Chinese autonomous driving startup, is planning to go public in the U.S. 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...

Fintech Investments
Mamo Raises $4.3 Million for UAE Small Business Financing
July 28, 2024

Dubai-based financial services firm Mamo has raised $4.3 million in new funding. 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...