It’s a striking difference: A new Visa study has found that digital accounts for 38 percent of consumer retail purchases, but when it comes to small- and medium-sized businesses (SMBs), only 15 percent of their sales are conducted via eCommerce. That signals opportunity for smart, nimble...
Wireless speaker pioneer Sonos Inc. plans to raise as much as $264.1 million in its upcoming initial public offering. 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...
Megvii Inc., the developer of facial recognition system Face++, is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). According to Reuters, the new plans will see the payments system, that supports British banking and trading, boost its defenses against cyberattacks by 2020, as...
Trulioo, the global identity verification company, announced Tuesday (July 24) that it started offering instant ID verification for consumers in the Philippines. In a press release, Trulioo said it is offering the instant verification via its GlobalGateway platform, which helps businesses automate their customer onboarding processes and ensure...
With online gambling already legal in much of Europe, the Caribbean and Asia, and its status shifting in the United States in the wake of a recent Supreme Court decision, the industry is anticipated to be worth more than $81 billion by 2022. Get the...
Welcome to Five at Five, your late look at the payments and commerce news of the day. Coverage includes a new acquisition by online payment firm PayU, European finance ministers pushing for more progress on taxing digital firms and SoftBank planning to launch a new...
Third Point, the hedge fund run by Daniel Loeb, has taken a new position in PayPal. According to a report in CNBC, citing a Third Point investor letter, the position was added in the second quarter of this year. Get the Full Story Complete the...
Gemalto, the digital security company that is being acquired by Thales, the French aerospace and defense company, will see the European Commission launch an in-depth investigation into the proposed deal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
