News

Delivery
Instacart Launches Health Initiative, Expands SNAP EBT Access
September 28, 2022

Grocery delivery platform Instacart has launched Instacart Health, a program the company said is designed to help consumers make healthier choices and improve nutrition security. Launched in conjunction with the White House Conference on Hunger, Nutrition and Health, “Instacart Health underscores the critical intersection of...

Investments
Payments Startup Satispay Raises €320M, Is Italy’s Newest Unicorn
September 28, 2022

Payments startup Satispay raised 320 million euros ($306 million) in a Series D funding round that boosted its valuation to 1 billion euros, making it the latest FinTech unicorn among Italy’s few. The round was led by Addition, with participation from previous backers Greyhound Capital, Lightrock, Block,...

Faster Payments
Real-Time Payments’ Present and Future
September 28, 2022

The bullish forecast comes from the latest edition of the "Real-Time Payments Tracker®," where Chris Ward, head of wholesale payments at Truist Financial, tells PYMNTS how this exponential and seismic shift in real-time payments will also create a completely new dynamic between businesses and consumers.

B2B Payments
How to Eliminate ‘PDF Fatigue’ When Processing B2B Payouts
September 28, 2022

Even amid the great digital shift and the overall trend of invoice automation, companies — specifically accounts payable (AP) teams — are suffering from PDF fatigue. Routable CEO Omri Mor told Karen Webster that many companies seeing an increased demand for payouts — thousands of...

Digital Banking
JPMorgan Retail Arm Chase UK Crosses £10B in Deposits in First Year
September 28, 2022

J.P. Morgan’s digital bank Chase UK is closing out its first year with £10 billion in deposits and 1 million customers as the digital retail bank headquartered at Canary Wharf, London takes on local rivals and diversifies revenue sources. This is the investment banker’s first...

eCommerce
The Real-World Tech That Smooths Payments in the Metaverse
September 28, 2022

The new eCommerce landscape is complex and ever evolving: Businesses seeking to provide their customers with new virtual spaces like gaming environments have to adapt their payments management strategies to new technical and user experience challenges. “Navigating The New eCommerce Landscape: Modernizing Payments For Marketplaces,...

Security & Fraud
Best Line of Payments Fraud Defense: A Harder Target
September 28, 2022

No matter where you look, fraud attacks on banks and merchants are on the rise. The fraudsters are getting more creative in their schemes, leveraging the great digital shift to make the unwitting customers themselves the gateways to fraud. Social engineering, coerced payment and push...

Regulation
Goldman Sachs and 15 Financial Firms Pay $1.1B to Settle SEC WhatsApp Probe
September 27, 2022

Goldman Sachs, Citigroup and other financial giants have agreed to pay regulators $1.1 billion in penalties for not monitoring employees using unauthorized messaging apps, according to a press release from the Securities and Exchange Commission (SEC) on Tuesday (Sept. 27). Bank of America and Morgan...

Payment Methods
Capital on Tap Adds Virtual Cards to Small Business Platform
September 27, 2022

Global FinTech Capital on Tap has added virtual cards to the services it already provides through its small business credit card and spend management platform.  Most applicants for these new Capital on Tap Business Credit Cards will get a credit decision within 24 hours, and...