News

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

Source: pymnts.com

Getty Images Going Public via $4.8B SPAC Deal

Getty Images Going Public via $4.8B SPAC Deal
Getty Images Going Public via $4.8B SPAC Deal
December 10, 2021  |  SPAC

Getty Images is going public through a special purpose acquisition company (SPAC) deal that values the firm at $4.8 billion and is supported by CC...

READ MORE >
Consumers Have Nearly Twice the Subscriptions They Had in February 2020
Consumers Have Nearly Twice the Subscriptions They Had in February 2020
December 10, 2021  |  Subscriptions

Consumers’ use of automated payments for subscription services has grown steadily, but growth has been particularly substantial over the past two years. This behavior aligns...

READ MORE >
London FinTech Twig Acquires Used Clothing Marketplace Loopster
London FinTech Twig Acquires Used Clothing Marketplace Loopster
December 10, 2021  |  Partnerships / Acquisitions

London-headquartered next-generation FinTech and banking app Twig Group acquired secondhand clothing marketplace Loopster for an undisclosed amount. Get the Full Story Complete the form to...

READ MORE >
ECB Board Member Decries Cryptocurrencies’ Usefulness 
ECB Board Member Decries Cryptocurrencies’ Usefulness 
December 10, 2021  |  Cryptocurrency

European Central Bank executive board member Fabio Panetta said during a lecture in Rome that cryptocurrencies and digital assets won’t benefit society or the wider...

READ MORE >
As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for Bigger Financial Troubles
As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for...
December 10, 2021  |  Cryptocurrency

El Salvadoran President Nayib Bukele’s $70.7 million bitcoin investment was down $3.4 million — about 5% — a headline in La Prensa Grafica screamed on...

READ MORE >
Bottomline Technologies Exploring Possible Sale
Bottomline Technologies Exploring Possible Sale
December 10, 2021  |  Partnerships / Acquisitions

Payment and invoice management platform Bottomline Technologies Inc. is looking into a potential sale and is working with Deutsche Bank AG on its options, people...

READ MORE >
Consumer Sentiment Recovers Slightly, After 10-Year Low 
Consumer Sentiment Recovers Slightly, After 10-Year Low 
December 10, 2021  |  Economy

Consumer sentiment in the U.S. rose to 70.4 for December of this year, a slight improvement from the 10-year low logged last month. Get the...

READ MORE >
And Just Like That, Peloton Gets Its Wind Knocked out by a Ratings Downgrade
And Just Like That, Peloton Gets Its Wind Knocked out by a Ratings Downgrade
December 10, 2021  |  Fitness

We don’t feel right about spoilers, so best not to mention how connected fitness firm Peloton figures into HBO Max’s new “Sex and the City”...

READ MORE >
Data Platform Spend Matters Closes Investment Deal from Copley
Data Platform Spend Matters Closes Investment Deal from Copley
December 10, 2021  |  Investments

Proprietary tech-enabled data platform Spend Matters closed an investment deal with private investment firm Copley Equity Partners for an unspecified amount, according to a press...

READ MORE >