News

B2B Payments
Digital Payments Pave the Way for Drivers Who Haul Asphalt by the Truckload
October 20, 2022

There maybe only one driver, but it takes a lot of people to move an 80,000-pound truck loaded with concrete, scrap metal and other materials from a producer to a construction site — and a lot of information too —  90% of which is being transmitted...

B2B Payments
The Rise of the Digital Workplace — on Wheels
October 19, 2022

As fleet operators aim to gain the many benefits of transitioning to connected vehicles, nearly half of the vehicles in corporate fleets are expected to be connected vehicles by 2025. That’s a substantial gain from today when one-third of companies with fleets report that only...

B2B Payments
Today in B2B Payments: Firms Team to Serve B2B Commerce, Hotels, X-Border Payments
October 19, 2022

Today in B2B payments, Oracle works with J.P. Morgan and FedEx to automate B2B commerce, Paysafe and HotelKey partner to streamline hotels’ transactions, and Visa and Thunes team up on cross-border payments. Plus, MaxAB raises $40 million, while Moneff acquires StormPay. Oracle B2B Commerce to...

Banking
Brazilian Digital Bank C6 Opening First Physical Branches
October 19, 2022

Brazilian digital bank C6 is preparing to open its first brick-and-mortar operations in a bid to attract wealthier clients. Speaking to Reuters on Wednesday (Oct. 19), C6’s Head of High Income Felipe Wey said the bank’s aim in the next few months is to have...

eCommerce
Australian Alcohol Delivery Firm Jimmy Brings Launches New Storefront
October 19, 2022

Australian express alcohol delivery service Jimmy Brings has launched a progressive web app (PWA) storefront built on the headless architecture of eCommerce platform BigCommerce. The BigCommerce’s platform and Deity’s Commerce Composer, Jimmy Brings was able to build a PWA storefront that brings its app and...

Delivery
Delivery Startup Gopuff Cuts Hundreds of Jobs
October 19, 2022

Philadelphia, Pennsylvania-based delivery startup Gopuff has cut hundreds of workers as part of an earlier round of layoffs over the summer. Bloomberg News reported on the about 250 job cuts Wednesday (Oct. 19), citing sources familiar with the matter. Some employees told Bloomberg the cuts...

Security & Fraud
Checkout.com Introduces Fraud Detection Tool for Merchants
October 19, 2022

The U.K.-based payments service provider Checkout.com on Wednesday (Oct. 19) announced the launch of a new anti-fraud tool, Fraud Detection Pro. As PYMNTS reported Tuesday (Oct. 18), online fraud is down in the U.K. after surging in 2021. See more: UK Sees 13% YoY Drop In...

B2B Payments
B2B Marketplace MaxAB Raises $40M for MENAP Expansion
October 19, 2022

The Cairo-based B2B eCommerce and distribution business MaxAB on Wednesday (Oct. 19) announced the close of a $40m pre-series B funding round to fuel its expansion across the Middle East, North Africa and Pakistan (MENAP) region. The round included new investors Silver Lake, British International...

eCommerce
Klarna Adds Price Comparison Tool, Shoppable Video Content to App
October 19, 2022

Noting that paying is only one part of the shopping experience, payments options provider Klarna has added five new shopping-oriented features to the Klarna App and website. The new additions for shoppers include a price comparison tool, shoppable video content, a donation feature and an...