News

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

Source: pymnts.com

InsurTech Porch Group Buys SaaS Provider Floify
InsurTech Porch Group Buys SaaS Provider Floify
October 27, 2021  |  Partnerships / Acquisitions

Porch Group, which works in virtual software for the home services industry, has bought digital mortgage automation and point-of-sale (POS) company Floify, according to a...

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LendingClub Loan Originations Up 14% Q/Q, Marketplace Revenues Gain 15%
LendingClub Loan Originations Up 14% Q/Q, Marketplace Revenues Gain 15%
October 27, 2021  |  Earnings

In a sign that consumer appetite for loan products has been resilient even in the pandemic — and that borrowers continue to online platforms to...

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Visa Under DOJ Scrutiny for Payments to PayPal, Square and Stripe
Visa Under DOJ Scrutiny for Payments to PayPal, Square and Stripe
October 27, 2021  |  VISA

The Department of Justice (DOJ) is looking into Visa’s relationships with large FinTechs, citing antitrust concerns, The Wall Street Journal (WSJ) reported. Get the Full...

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Bitcoin Daily: UK Police Seize Over $2M in Crypto Scam; Miami-Dade County Creates Task Force on Crypto Tax Payments
Bitcoin Daily: UK Police Seize Over $2M in Crypto Scam; Miami-Dade County Creates Task Force...
October 27, 2021  |  Bitcoin

U.K. police have seized over $2.7 million in cryptocurrency after an investigation officials termed a “sophisticated cyber fraud,” the Lincolnshire Police announced in a press...

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Just 30% of SMBs Have Taken Steps to Automate AP Processes
Just 30% of SMBs Have Taken Steps to Automate AP Processes
October 27, 2021  |  B2B Payments

As more businesses make the shift to fully digital transaction processes, new PYMNTS data suggests concerns about the move to real-time payments are making that...

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Warren Buffett-Backed FinTech Nubank Files Confidentially for IPO
Warren Buffett-Backed FinTech Nubank Files Confidentially for IPO
October 27, 2021  |  IPO

Brazilian FinTech Nubank, which is backed by Warren Buffett’s Berkshire Hathaway, has confidentially filed for an initial public offering (IPO) on the New York Stock...

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Today in Retail: Social Media Keeps Spotlight on Shopping; Poshmark Invites Brands to Sell on Platform
Today in Retail: Social Media Keeps Spotlight on Shopping; Poshmark Invites Brands to Sell on...
October 27, 2021  |  Retail

In today’s top retail news, social media companies are continuing to build commerce ecosystems on their platforms, while retailers are emphasizing curbside pickup for consumers...

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Zip Teams With Blackhawk Network To Drive BNPL
Zip Teams With Blackhawk Network To Drive BNPL
October 27, 2021  |  Buy Now Pay Later

Buy now pay later (BNPL) platform Zip (formerly known as Quadpay) is teaming up with branded payments firm Blackhawk Network to enable gift card purchases...

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Apollo Fintech Rolls Out Cross-Border Payment Network
Apollo Fintech Rolls Out Cross-Border Payment Network
October 27, 2021  |  Payment Methods

Apollo Fintech on Wednesday (Oct. 27) announced its bank wire network, Knox Wire, will debut Jan. 15, 2022, and that registrations are now available for...

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