News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

Barclays Analyst Wary Outflows May Put Stablecoins on Shaky Ground

Barclays Analyst Wary Outflows May Put Stablecoins on Shaky Ground
Barclays Analyst Wary Outflows May Put Stablecoins on Shaky Ground
May 19, 2022  |  Cryptocurrency

Barclays analyst Joe Abate says fully collateralized stablecoins might not be any different from algorithmic ones like the collapsed Terra UST coin in terms of...

READ MORE >
Sam Bankman-Fried’s FTX Aims to Become the ‘Everything App’
Sam Bankman-Fried’s FTX Aims to Become the ‘Everything App’
May 19, 2022  |  Cryptocurrency

FTX, the second-largest cryptocurrency exchange, is looking to expand “across all asset classes” as it launches a stock trading feature that will accept payments in...

READ MORE >
Today in the Connected Economy: TikTok Begins ‘Major’ Push Into Gaming
Today in the Connected Economy: TikTok Begins ‘Major’ Push Into Gaming
May 19, 2022  |  Connected Economy

Today in the connected economy, TikTok begins testing a program that lets users in Vietnam play video games on the app, part of a broader...

READ MORE >
Today in B2B: Zilliant Launches Quick Start Program; ACH Is Online Payment of Choice
Today in B2B: Zilliant Launches Quick Start Program; ACH Is Online Payment of Choice
May 19, 2022  |  B2B Payments

Today in B2B payments, B2B software maker Zilliant launches its Quick Start program for faster deployment, while ACH transfers are the most prominent form of...

READ MORE >
FTC to Issue $152M in Checks to Additional Victims of AMG Services
FTC to Issue $152M in Checks to Additional Victims of AMG Services
May 19, 2022  |  Security & Fraud

The Federal Trade Commission announced Thursday (May 19) that it will mail 690,000 checks, amounting to over $152 million, to customers who were defrauded by...

READ MORE >
Alloy Debuts Its B2B Software Integration Solution, Alloy Embedded
Alloy Debuts Its B2B Software Integration Solution, Alloy Embedded
May 19, 2022  |  Connected Economy

Integration and automation platform Alloy has rolled out Alloy Embedded, which enables software companies to fast track integration, a press release said Thursday (May 19)....

READ MORE >
Xendit Raises $300M to Grow Payments Platform
Xendit Raises $300M to Grow Payments Platform
May 19, 2022  |  Investments

Southeast Asia payments platform Xendit closed a $300 million Series D funding round that brings its total investment capital since 2015 to $538 million, according...

READ MORE >
$45B Stablecoin Rout Confirms Worst Fears about Crypto’s Need for Reserves
$45B Stablecoin Rout Confirms Worst Fears about Crypto’s Need for Reserves
May 19, 2022  |  Cryptocurrency

The spectacular collapse of a top-three stablecoin last week has erased $45 billion and left crypto with a confidence crisis that goes far deeper. Get...

READ MORE >
WhatsApp Offers Cloud-Based API to Businesses
WhatsApp Offers Cloud-Based API to Businesses
May 19, 2022  |  API

In an effort to attract more businesses to the app, Meta is adding free cloud-based application programming interface (API) services to WhatsApp, its messaging platform,...

READ MORE >