PYMNTS

JANUARY 7, 2021

Fides Treasury Services , which works in multibank connectivity and communications, has rolled out new details about its plans to extend its shop for corporate treasury and finance solutions, according to a press release. The new marketplace will be available through the Fides Multibanking Suite web portal, the release stated. The suite gives corporate treasury and finance professionals a new level of visibility into banking transactions and connections, with a security measure no matter where i

Tools 221

Tools Resources Management Security 221

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg.

Groups 141

Groups Regulation Lending Operations 141

PYMNTS

JANUARY 7, 2021

As it reportedly readies for an initial public offering (IPO) led by Goldman Sachs, Instacart named a veteran of the investment bank as its new chief financial officer. Nick Giovanni will succeed present Chief Financial Officer Sagar Sanghvi , and the two will be working jointly to make sure a smooth transition occurs, according to a Thursday (Jan. 7) announcement.

Report 141

Report Company Management 141

PYMNTS

JANUARY 7, 2021

Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. V to file an initial public offering (IPO). . “SoFi is on a mission to help people achieve financial independence to realize their ambitions. Our ecosystem of products, rewards and membership benefits all work together to help our members get their money right,” SoFi CEO Anthony Noto said in a press release on Thursday (Jan. 7).

Samsung 183

Samsung Capital Lending Innovation 183

PYMNTS

JANUARY 7, 2021

Silicon Valley buy now, pay later (BNPL) startup Uplift has closed a $68 million credit line deal with Atalaya Capital Management. . "This additional financing from Atalaya solidifies Uplift's standing as the market leader in buy now, pay later for travel," Uplift CEO Brian Barth said in a Thursday (Jan. 7) press release. "The injection of credit positions us to efficiently fund the rising transaction volume we anticipate as travel demand rebounds in 2021.

Payments 148

Payments Capital Study Survey 148

PYMNTS

JANUARY 7, 2021

Cloud banking startup Mambu has raised €110 million (nearly $135 million) in a new funding round aimed at financing the company’s global expansion. TCV led the latest round of financing, with Tiger Global and Arena Holdings contributing additional dollars. Current investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners also took part.

United States 255

United States Software Capital Fintech 255

PYMNTS

JANUARY 7, 2021

Utah startup WeLink has raised $185 million to roll out its 5G fixed-wireless broadband network in new markets across the United States, the company announced in a Thursday (Jan. 7) press release. WeLink said it will use the infusion of investment dollars from Digital Alpha Advisors , which focuses on digital infrastructure, to speed up its growth plans in the Las Vegas area, while also moving into two new metro markets, Phoenix and Tucson, as well in the first quarter.

Las Vegas 244

Las Vegas Tucson Phoenix Utah 244

PYMNTS

JANUARY 7, 2021

The World Health Organization (WHO) is warning that Europe is likely entering into the “acute” phase of the COVID-19 pandemic as nations scramble to quell the latest surge in infections. “Not only are we in the thick of it, we are probably in the European region in the most acute phase of transmission, and we continue to see a really big impact on hospital wards,” said the WHO’s Dr.

National 195

National Regional United States Policies 195

PYMNTS

JANUARY 7, 2021

In the humming world of gig apps, three variations dominate. There’s the platform model, where contractors create profiles and upload portfolios; we’ve got the on-demand type (think restaurant mobile order-ahead and day labor apps); and freelancer apps that may allow gig workers to classify themselves by vertical expertise or specialty. It’s a rich ecosystem.

Mobile 240

Mobile Marketing Report 240

PYMNTS

JANUARY 7, 2021

In today’s top news, the cryptocurrency market topped $1 trillion after bitcoin set new record highs above $37,000, and UnitedHealth’s Optum bought Change Healthcare. Plus, Americans are reporting not receiving their promised stimulus checks. Crypto Market Tops $1 Trillion As Bitcoin Smashes Records. Bitcoin hit more than $37,700 early Thursday morning (Jan. 7), a new record high that helped drive the cryptocurrency market beyond $1 trillion.

Marketing 182

Marketing Payments Bitcoin cryptocurrency 182

PYMNTS

JANUARY 7, 2021

Today in B2B payments, Orange Bank acquires SMB neobank, while Europe braces for a wave of supply chain finance defaults. Plus, Udaan lands funding for B2B eCommerce technology, Kofax collaborates on AP automation, and Bringg partners for B2B delivery. Supply Chain Finance Firms Could See Spike In Defaults In Europe. As a leading European watchdog debuts more stringent standards, the financial institutions (FIs) that help support the continent's supply chains are set to encounter a dramatic rise

Software 130

Software Chicago User Experience Online 130

PYMNTS

OCTOBER 21, 2020

Social-Commerce-as-a-Service app PowerBuy has rolled out its Multi Product PowerBuy group buying functionality, which is now available via the Shopify app store. Retailers on Shopify can now add social group purchasing to their eCommerce storefronts, according to a Wednesday (Oct. 21) announcement. PowerBuy lets retailers provide promotions on merchandise after a minimum number of purchasers have joined the promotion, inspiring those who join to decrease the price by distributing the deal.

social media 140

social media New York Software Retail 140

PYMNTS

OCTOBER 21, 2020

The reCommerce trend continues to gain momentum. eBay announced on Wednesday (Oct. 21) that it is launching a new destination for electronics products to feature Certified Refurbished products, not from its sellers but from brands like De'Longhi, Dirt Devil, Hoover, Makita, Philips and Razer, which will sell exclusively on the eBay platform. The program is operable immediately.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

OCTOBER 21, 2020

"With so many of us working from home, the ability to monitor and approve spend becomes far more difficult," says David Wood, Conferma Pay's director of hotel products. "When so much is changing so fast, it’s essential to know that you have the master controls on as many moving pieces as possible." Wood shares his thoughts on how the pandemic is forcing us to pay attention to lingering problems more urgently than ever before.

Payments 166

Payments US Mobile Cards 166

PYMNTS

OCTOBER 21, 2020

The world celebrated a milestone of sorts yesterday, as Apple Pay marked its sixth anniversary. The world is obviously a very different and much more digital place than it was in October 2014, and capturing customers requires new strategies and an eye toward building scale. But as potent as the progress has been, the pace hasn’t always been even by region or by institution when it comes to jumping the digital divide.

Payments 150

Payments Regional Apple Strategy 150

PYMNTS

OCTOBER 21, 2020

Like so many categories during the pandemic, the toy business has been a two-sided coin. On one side are the manufacturers and retailers that are waiting for the licensed products that drive the big sales. These are the Disneys and other big budget movie producers that make the action figures and games that reflect the pop culture that has moved from the movie theater to the home or even to the slush pile of 2021 release dates.

Nebraska 142

Nebraska social media Retail Marketing 142

PYMNTS

OCTOBER 21, 2020

In today’s top news in digital-first banking, Interra signed a multi-year deal with Lumin, while Australia’s Westpac Group is teaming with buy now, pay later (BNPL) company Afterpay on banking services. Plus, Brazil’s government is reportedly intending to roll out an initial public offering (IPO) for a digital division of Caixa Econômica Federal. Lumin, Interra Credit Union Team on CU's Digital Banking Solution.

Groups 148

Groups Digital Banking Capital Report 148

PYMNTS

OCTOBER 21, 2020

As the Coupa team has shifted to working from home during the pandemic, they have adapted their processes to an operating model tailored toward optimizing remote work. "While our financials remain extremely strong, from a revenue and receivables perspective, we’ve introduced additional steps in evaluating the financial health of our customers and prospects," says Coupa's Chief Accounting Officer Tony Tiscornia.

Meeting 159

Meeting Operations US System 159

PYMNTS

OCTOBER 21, 2020

For SMBs, what’s in the cards … are more card readers. To that end, the banking giant J.P. Morgan is focused on enabling payments for the millions of small businesses that are the lifeblood of Main Streets across the U.S. – and, by extension, the U.S. economy. As reported this week, J.P. Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square.

Marketing 306

Marketing Maine Cards Payments 306

PYMNTS

OCTOBER 21, 2020

In today’s top payments news around the world, Visa is expanding its touch-free Tap To Phone (TTP) systems, while the hotel industry in China is registering year-over-year revenue growth. Plus, artificial intelligence (AI)-powered food carts have begun providing lunch to office workers in Beijing. Visa Expands Tap To Phone To 15 Countries. Visa announced that it is expanding its touch-free Tap To Phone (TTP) payment systems to over 15 markets throughout the globe, with intentions to bring the mo

Payments 138

Payments Apple America System 138

PYMNTS

OCTOBER 21, 2020

California-based spend management platform Coupa has launched a Diverse Business Directory to make it easier for companies, particularly large ones, to find “diverse and inclusive suppliers.”. “Businesses recognize the need for policy changes when it comes to diversity, equity, and inclusion goals, such as supplier diversity programs,” said Rod Robinson , vice president of supplier inclusion and sustainability at Coupa, in a press release.

Software 140

Software National California Policies 140

PYMNTS

OCTOBER 19, 2020

Paya , the latest FinTech to the join the ranks of publicly-traded companies, made its market debut Monday (Oct. 19). Shares of the Atlanta-based payment processor had risen by nearly 10 percent to $12.50 on the Nasdaq Stock Market shortly before Wall Street's 4 p.m. ET close. The launch follows the vote Friday by shareholders of a special purpose acquisition company, FinTech Acquisition Corp.

Payments 266

Payments Atlanta Software Fintech 266

PYMNTS

OCTOBER 19, 2020

Snaps is teaming up with Instagram as the social media giant gears up for the holiday shopping season by sprucing up its commercial appeal to the major brands. New York-based Snaps announced on Monday (Oct. 19) that it has integrated Messenger API support for Instagram in its conversational automation platform. The addition will further enable brands to have one-on-one conversations with customers, ensuring that online shoppers “can get always-on, personalized and intelligent responses about pro

Branding 297

Branding social media New York Management 297

PYMNTS

OCTOBER 19, 2020

Entrust , an identities, payments and data protection firm based in Minneapolis, on Monday (Oct. 19) announced that its Sigma Instant Desktop Issuance product will set “the standard for simple, secure and smart instant-ID solutions across enterprise, healthcare, government, higher education and financial institutions (FIs)." According to a press release , Sigma provides “a secure, cloud-based, direct-to-card ID desktop issuance solution.”.

Security 245

Security System Cards Minneapolis 245

PYMNTS

OCTOBER 19, 2020

Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence (AI) tool called Lending DocAI. Sudheera Vanguri , product manager lead at Google, said in a b log post on Monday (Oct. 19) that the mortgage industry is just one of many verticals being transformed by AI. “In this industry, borrowers and lenders have high expectations; they want a mortgage document processing solution catered to improving operational efficiency, while ensuring speed and data accuracy.

Google 264

Google Tools Lending Industry 264

PYMNTS

OCTOBER 19, 2020

In today’s top news, consumer credit scores have reached a milestone high, while British Airlines has to pay a $25.8 million penalty over a data breach. Plus, Paytm users will reportedly now face new 2 percent fees for utilizing the credit card linked to their digital wallets. US Consumers' FICO Score Hits Highest Since 2005. Consumer credit scores have advanced in recent months to attain a new record peak.

US 130

US Data Maine Payments 130

PYMNTS

OCTOBER 19, 2020

Silicon Valley checkout-free, autonomous retail startup AiFi has secured a new round of funding, bringing its total raised to $30 million, the company said in a press release on Monday (Oct. 19). AiFi, which was founded four years ago, said the investors include Qualcomm Ventures , existing investors Cervin Ventures and TransLink Capital, new investor Plum Alley and others.

Retail 226

Retail Security Texas California 226

PYMNTS

OCTOBER 19, 2020

Federal Reserve Board Chair Jerome Powell sounded a cautionary note on Monday (Oct. 19) on the bank’s potential rollout of a digital currency. Powell warned of potential downsides to the launch of a digital currency that need to be considered, arguing that the first priority should be to “get it right than to be the first,” Reuters reported. The Fed chief made his comments as part of a panel discussion on digital currencies hosted by the International Monetary Fund (IMF).

Policies 272

Policies Fraud National Report 272

PYMNTS

OCTOBER 19, 2020

Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices in real time, according to a report by ZDNet. Disguising itself as a commonly used video conferencing tool, Vizom spreads through phishing campaigns. Once it hits a Windows PC, the malware hijacks the AppData directory to force the loading of malicious DLLs.

Video 307

Video Regional America Software 307

PYMNTS

OCTOBER 19, 2020

The number of Americans without bank accounts is expected to spike again in the wake of the coronavirus pandemic after hitting a low last year, according to a new report by the Federal Deposit Insurance Corp (FDIC). U.S. households without checking accounts fell to 5.4 percent in 2019, the lowest since the FDIC began tracking this stat in 2009. But a surge in unemployment triggered by the coronavirus-driven recession is likely to push those numbers back up again, the FDIC notes in its new report

FDIC 187

FDIC US America Survey 187

PYMNTS

OCTOBER 19, 2020

Canada’s economy has rebounded from the depths of the coronavirus-triggered downturn over the summer but still remains stuck in negative territory, a new Bank of Canada survey finds. The Bank of Canada’s quarterly outlook on business conditions fell over the summer to its lowest point since the Great Recession. While the bank’s Business Outlook Survey has since rebounded, it is still mired in negative territory, at minus 2.2 percent.

Survey 141

Survey Regional Community Report 141

PYMNTS

JULY 24, 2020

When Indochino launched in 2007, the company wasn’t out to create a new template for the entire retail sector, just a better product with better prices and a better buying experience. But four months into a pandemic that has turned the traditional retail business model inside out, the company looks like it could teach all of retailing a new paradigm — a showroom model with little inventory and appointment-only viewing.

Retail 225

Retail Training Customer Experience System 225

PYMNTS

JULY 24, 2020

The eCommerce marketplaces have been a lifeline for businesses and consumers who want to transact under stay-at-home orders and while safely social distancing. These marketplaces need to have strong security approaches in place, however, to ensure they do not accidentally onboard any fraudulent sellers or let other scams be perpetrated across their platforms.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

JULY 24, 2020

For Stephen Ritter , the question “Who are you?” has never been more important. As the chief technology officer of identity verification solution provider Mitek , he said he knows that question had an easy answer in the past. The question of “you” was confirmed by a driver’s license or some other kind of civil certificate, such as birth certificate or wedding license.

Comparison 207

Comparison Fraud Tools Video 207

PYMNTS

JULY 24, 2020

Well, now what? That’s the question all companies are asking as they internalize the impact of the shift to digital on their customers, their businesses and their future. The challenge — particularly for retail — is getting clarity around that “next normal” for businesses, PYMNTS CEO Karen Webster noted in a recent discussion with Brett Narlinger , head of global commerce at Blackhawk Network.

Retail 210

Retail Data Technology How To 210

PYMNTS

JULY 24, 2020

Synthetic identity fraud is costing companies heavily, with $14.7 billion lost to this type of crime in 2018 alone. This is a particularly subtle and nefarious kind of attack, in which bad actors create fake identities using real details stolen from different consumers. The result is a persona that often holds up against financial institutions’ (FIs’) traditional verification methods.

Fraud 183

Fraud Report Analysis Security 183

PYMNTS

JUNE 18, 2020

The digitization of healthcare didn’t suddenly start with the coronavirus, as telehealth providers have been popping up for several years. But CEO Murray Brozinsky of telehealth platform Conversa Health recently told PYMNTS that the pandemic has dramatically speeded things up. “This situation has really laid bare a lot of the issues that have been within the system for this whole time,” he said.

System 175

System Online Compliance Innovation 175