News

Faster Payments
Six Spanish Banks Join SWIFT gpi For Cross-Border Payments
March 21, 2019

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Jamie Dimon: Big Tech Should Prep For Big Reg
March 21, 2019

JPMorgan Chase CEO Jamie Dimon said tech giants need to brace themselves for a similar slew of tough regulations to what big banks faced after the financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payments Innovation
Will Faster Payments Spur Healthcare Innovation?
March 21, 2019

Healthcare is an undoubtedly complicated space for all the players involved (the providers, insurers, patients, pharmaceutical manufacturers), particularly when it comes to payments. Not an entirely surprising fact, given that it is the collision of two highly specialized and extremely regulated worlds. Get the Full Story Complete...

Delivery
Postmates Adds Cost-Free Group Delivery
March 20, 2019

Delivery and pickup company Postmates has added a free group delivery option, according to reports.   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...

Point of Sale
Square Revamps Online Retail Store, POS App
March 20, 2019

Square has two new offerings: the revamped Square Online Store and Square For Retail, introduced in an announcement by the company on Wednesday (March 20). The two products will “offer sellers the tools to have one cohesive solution to start or grow an omnichannel business,” and...

Investments
Shared Home Equity Startup Point Raises $122M Series B
March 20, 2019

Point, a California-based home equity and finance company, has raised $122 million in financing, $22 million of which came from a Series B funding round spearheaded by DAG Ventures and Prudential Financial, according to reports. Get the Full Story Complete the form to unlock this...

Investments
Starbucks Invests $100M In New Valor Fund Focused On Food Startups
March 20, 2019

Starbucks announced Wednesday (March 20) it is investing $100 million in the new Valor Siren Ventures fund, which aims to invest in the next generation of food and retail startup tech companies. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Opendoor Raises $300M, Reaching $3.8B Valuation
March 20, 2019

Opendoor, the startup that operates an online platform for buying and selling homes, has raised $300 million, giving it a valuation of $3.8 billion. According to a report, it was previously expected the startup would raise $200 million with a valuation of $3.7 billion. Get the...

Global Payments
APEXX Payments Marketplace Debuts In Russia; Citcon Connects With ACCEO For Mobile Payments
March 20, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the debut of global payment marketplace APEXX’s solution in Russia. Citcon is collaborating with ACCEO to enable acceptance of Chinese payment methods WeChat Pay and Alipay, OVO is working with...