News

International
EMEA Daily: EU Court OKs Antitrust Probe Into Illumina’s Bid to Acquire Grail; The Luxury...
July 13, 2022

EU Court OKs Antitrust Probe Into Illumina’s Bid to Acquire Grail The General Court of the European Union has upheld a decision by the EU’s competition authority to investigate Illumina’s acquisition deal for Grail despite lacking traditional standards for review. Existing merger regulations state that...

Payment Methods
LollyLaw Debuts Online Native Payment Offering
July 13, 2022

Immigration lawyer-focused cloud-based practice management solution LollyLaw has launched LollyPayments, a native online payments platform that allows users to collect and reconcile payments without calling on third-party vendors, according to a Wednesday (July 13) press release. Paradigm recently acquired LollyLaw and LollyPayments becomes the third...

Investments
Zazuu Raises $2M for African Remittance Platform
July 13, 2022

African money movement platform Zazuu has completed a $2 million fundraising round that will allow it to build a more robust remittance offering for residents living in the diaspora, Tech Nova reported Wednesday (July 13). The startup will use the money to scale its platform...

B2B Payments
37% of Firms Use Blockchain, Crypto for Cross-Border Payments
July 13, 2022

With rare exceptions, even slow cryptocurrency transactions are faster than many other payment methods. Most blockchain transactions are completed in minutes, rather than hours or even days, and are able to provide assurances against error or fraud through the transparency of distributed-ledger technology (DLT). This...

Investments
Citi Joins JP Morgan, S&P Global in Illuminate Financial VC Venture
July 13, 2022

Venture capital (VC) investment firm Illuminate Financial announced Wednesday (July 13) that it has entered a strategic relationship with Citi, who joins existing investors Jefferies, J.P. Morgan, Deutsche Börse Group and S&P Global as a limited partner in Illuminate Financial’s VC strategy. Together, the investor...

Retail
New Data: Amazon Keeps Lead Over Walmart in Share of Q1 Retail Spending
July 13, 2022

While Walmart has transformed its business strategy in recent years to include bold innovations — like the drone delivery that Amazon pioneered — Amazon continues to lead the 60-year-old retail mainstay, according to “Amazon Versus Walmart Q1 2022,” a PYMNTS report. Get the report: Amazon...

eCommerce
Fashion eCommerce Firm Vinted Launches B2B Shipping Service 
July 13, 2022

Secondhand clothing eCommerce platform Vinted has debuted a B2B digital shipping platform, part of Vinted Go, the shipping service the Lithuanian company rolled out in June.  According to a Wednesday (July 13) report by Fashion United, the service is available for domestic and cross-border deliveries across...

eCommerce
Lightspeed Streamlines Payments Processing for Golf Industry
July 13, 2022

Point-of-sale (POS) and eCommerce software provider Lightspeed Commerce is launching an expanded version of its payments processing solution to meet the needs of the golf industry. Lightspeed Payments for Golf is an expansion of the company’s integrated payments tool that streamlines payments for both merchants...

Retail
Fanatics Seals College Licensing Agreement with Nike
July 13, 2022

Manufacturer and retailer of licensed sports gear company Fanatics is growing its collaboration with athletic apparel retail giant Nike to produce college sports attire in addition to its line of pro team clothing and accessories. Fanatics is pushing to become a major player in college...