News

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

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London’s Paysend Licensed To Operate In Canada
London’s Paysend Licensed To Operate In Canada
December 09, 2019  |  Global Payments

Paysend, a FinTech out of the U.K., has received a license to operate in Canada in a move that will expand the company’s global reach,...

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Deutsche Bank Predicts Weak Fiat System Will Fuel Demand For Crypto
Deutsche Bank Predicts Weak Fiat System Will Fuel Demand For Crypto
December 09, 2019  |  Cryptocurrency

The past several months have seen bitcoin perhaps overshadowed (just a bit) by any number of large-scale efforts to bring digital coins to mainstream society....

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Questions Over Whether UK’s Starling Bank Will Hit SMB Loan Target
Questions Over Whether UK’s Starling Bank Will Hit SMB Loan Target
December 09, 2019  |  B2B Payments

London’s digital bank startup Starling Bank has loaned just 1 percent of the amount it has pledged to give to small and medium-sized businesses (SMB)...

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Zeus Living Raises $55M To Grow Corporate Housing Service
Zeus Living Raises $55M To Grow Corporate Housing Service
December 09, 2019  |  Investments

Short-term corporate housing company Zeus has raised $55 million in a series B funding round, according to a blog post by the company. Get the...

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SEC Eyes Trade Finance FinTech For Ponzi Scheme Activity
SEC Eyes Trade Finance FinTech For Ponzi Scheme Activity
December 09, 2019  |  Security & Fraud

International Investment Group (IIG), which provides loans to small and medium-sized businesses (SMBs), lost its license after the U.S. Securities and Exchange Commission (SEC) revoked...

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Funding Round Could Give AvidXchange $2B Valuation
Funding Round Could Give AvidXchange $2B Valuation
December 09, 2019  |  B2B Payments

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times...

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Top News In Payments: Goldman To Launch Robo Advisor; Regulators Want Monitoring Of Big Tech Data Use
Top News In Payments: Goldman To Launch Robo Advisor; Regulators Want Monitoring Of Big Tech...
December 09, 2019  |  News

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans...

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LINE Pay Taiwan To Launch Cross-Border Mobile Payment Alliance
LINE Pay Taiwan To Launch Cross-Border Mobile Payment Alliance
December 09, 2019  |  Payment Methods

LINE Pay Taiwan and iPASS Corp. have formed a collaboration with four major international payment brands to facilitate cross-border payments, the companies said in a...

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Samsung Execs Jailed In South Korea For Evidence Tampering
Samsung Execs Jailed In South Korea For Evidence Tampering
December 09, 2019  |  Security & Fraud

A South Korean court slapped three Samsung Electronics executives with jail sentences Monday (Dec. 9) for evidence tampering during an accounting fraud investigation, Reuters reported. Get...

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