News

IPO
FinTech IPO Index Extends Post-Earnings Slump
September 08, 2022

A shortened trading week, a muted performance and, in fact, barely much of a performance at all. To that end, the FinTech IPO Index barely budged, losing 0.1%. The flurry of earnings is pretty much done, and the volatility of the past several weeks has...

B2B Payments
This Week in B2B Payments Funding
September 08, 2022

It was a short week in the U.S., but venture capital, private equity and seed investors continued to go long in the B2B payments space. PYMNTS recaps recent funding events in the sector and links them to trends in several key sectors of the economy....

B2B Payments
Square Integrates Sage Into POS
September 08, 2022

Accounting and payroll technology company Sage has teamed up with payments provider Square to integrate their accounting and point-of-sale software. According to a Thursday (Sept. 8) news release, the collaboration means customers using both products can do business and take payments in-person, online, or over...

B2B Payments
French Startup Pledg, Credit Insurer Allianz Trade Partner on B2B BNPL
September 08, 2022

French payment solutions startup Pledg and credit insurance company Allianz Trade have partnered to develop a buy now, pay later (BNPL) solution for B2B eCommerce sites and marketplaces. With this solution, B2B sellers will be able to offer their customers deferred or split payments, instantly,...

Delivery
Uber Eyes Long-Term Future of Robotic Delivery with 10-Year Partnership
September 08, 2022

As many restaurants and delivery aggregators test out robotic delivery, Uber has just made a major commitment, a testament to the company’s belief in the long-term viability of the technology. Uber announced Thursday (Sept. 8) a 10-year partnership with autonomous vehicle company Nuro. Through this...

eCommerce
Reach Adds Low-Code Cross-Border B2B, B2C eCommerce Integration
September 08, 2022

Cross-border payment platform Reach has launched a low-code cross-border eCommerce integration designed to help online merchants more quickly start selling internationally. With the new integration, dubbed “Reach Drop-In,” businesses can integrate this tool with their existing online B2B or B2C storefront with just a few...

eCommerce
Cazoo Pulls Out of EU to Focus on UK Market
September 08, 2022

Following a strategic review of its business in mainland Europe, online car seller Cazoo is foreclosing its operations in the European Union in order to focus exclusively on the U.K. market. The strategic review was aimed at “further preserving cash and positioning the Company to...

B2B Payments
Arcadier Selects Nuvei as Marketplace Platform Payment Partner
September 08, 2022

SaaS B2C and B2B marketplace platform Arcadier has selected payment platform Nuvei as its preferred payment partner in the U.S., Latin America, Europe, the Middle East and Africa. With the addition of Nuvei to Arcadier’s platform, marketplace merchants will have access to customized and optimized...

CFPB
CFPB, CMS Crack Down on Illegal Nursing Home Debt Collections
September 08, 2022

Family and friends signing admission agreements with residential nursing care facilities cannot be held liable for unpaid debts associated with a patient’s stay, according to laws in place that forbid the practice. Families have been sued by nursing home debt collectors, had their wages garnished,...