News

Retail
Grocers Woo Holiday Shoppers With Targeted Discounts
November 28, 2022

Grocers looking to boost holiday sales would do well to offer seasonal deals. By the Numbers Research from PYMNTS’ recent study “New Reality Check: The Paycheck-To-Paycheck Report — The Holiday Shopping Edition,” created in collaboration with LendingClub, which draws from a survey of more than 3,400...

Digital Banking
Grupo Popular, i2c Launch Dominican Digital Banking Platform
November 28, 2022

Digital payments and banking technology company i2c is partnering with Dominican Republic-based financial group Grupo Popular to expand digital banking services in the country. In a Monday (Nov. 28) press release, i2c announced the partnered platform, Qik Banco Digital Dominicano, as a means to give...

Faster Payments
Equals Group to Introduce A2A Payments After Roqqett Acquisition
November 28, 2022

Equals Group is set to acquire Roqqet in a deal subject to regulatory approval. In a press release announcing the acquisition Monday (Nov. 28), the U.K.-based FinTech Equals said the purchase of the open banking payments firm will enable it to offer its merchant customers...

eCommerce
Society Pass Turns to Stripe to Simplify Checkout
November 28, 2022

Southeast Asian eCommerce ecosystem Society Pass (SoPa) says it has integrated Stripe’s financial infrastructure solutions onto its platform. “Leveraging Stripe’s cutting-edge technology solutions, Society Pass expands the product and geographical reach of its ecosystem, simplifies payment flows, and accepts payments at scale in multiple currencies,”...

Investments
Atom Bank Raises $36M, No Mention of IPO
November 28, 2022

U.K. neobank Atom Bank announced on Friday (Nov. 25) that it has raised 30 million pounds ($36 million), and will use the capital to fund its customer lending and drive growth. Previous investors BBVA, Toscafund and Infinity Investment Partners contributed, bringing the firm’s total investment...

Banking
Freedom Bank Adds Digital Invoicing and Payments Tools to Platform
November 28, 2022

The Freedom Bank of Virginia has deployed FinTech company Autobooks’ tools to add digital invoicing and payments solutions for the bank’s business clients. With this new collaboration, Freedom’s small business clients can generate invoices that include a “pay now” button and send them directly to...

Investments
Carlyle Targets ‘Pockets of Life’ in $3B EU Tech Fund
November 28, 2022

Carlyle Group has reportedly raised $3.1 billion for a European tech fund that is targeting “pockets of life” in an economy hit by a pandemic, inflation and the war in Ukraine. The fund’s principals — Michael Wand and Vladimir Lasocki — told Reuters Monday (Nov....

B2B Payments
Sabre and Mastercard Partner on Virtual Cards for B2B Travel Payments
November 28, 2022

Following its August acquisition of payment technology firm Conferma Pay, software and technology provider Sabre has partnered with Mastercard to enable B2B travel payments with virtual cards. With this new collaboration, securely generated, single-use card numbers make it easier for travel buyers and suppliers to...

Loyalty & Rewards
Restaurants Step Up Rewards as Consumers Pull Back
November 28, 2022

As restaurants try to prevent inflation-concerned consumers from trading down, many brands are becoming more aggressive in their rewards and deal offers in an effort to keep diners coming back. “With some of the macroeconomic trends ahead, I think it would make sense if rewards...