Today within the Connected Economy: Nasdaq Eyes IPOs

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Today in the linked economic system, Nasdaq is reportedly inspecting companies’ initial public choices (IPOs) after some companies noticed massive gains and massive drops in quick succession.

Also, purchase now, pay later model Affirm begins offering its companies to Amazon customers in Canada, and the Department of Justice looks to crack down on criminals who use NFT sales to commit money laundering.

Report: Nasdaq Looking More Closely at IPOs After Big Ups and Downs

Nasdaq is reportedly increasing its scrutiny of small-cap companies’ IPOs in the wake of some new listings seeing large gains adopted by equally massive drops.

The inventory exchange is taking a better look at companies in quite lots of industries and countries, and a few companies have reacted to the uncertainty by pushing aside their IPO plans, Bloomberg reported, citing unnamed sources.

A Nasdaq spokesperson told PYMNTS in an e mail that the exchange’s “markets are and can proceed to be open to corporations. As a self-regulatory group, Nasdaq will conduct careful and diligent review of companies that intend to list on our markets.”

Affirm to Extend BNPL Option to Amazon Customers in Canada

Payment network Affirm’s purchase now, pay later (BNPL) providing, at present obtainable to American Amazon customers, will quickly be offered to the retailer’s users in Canada as properly.

In the next month, eligible clients on Amazon.ca will be offered BNPL in French and English, Affirm said in a information launch.

“Since launching with Amazon in the us, we’ve been providing eligible Amazon prospects with a strong tool to responsibly improve their buying power,” Affirm Chief Revenue Officer Geoff Kott said.

“We are excited to bring customers purchasing on Amazon.ca the opportunity to pay for on an everyday basis gadgets and milestone purchases with Affirm as we deliver the same level of transparency and suppleness that prospects have come to anticipate from Affirm throughout our markets in North America and past.”

DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk

The Justice Department has issued to Congress that could make it lots more durable to purchase and sell NFTs, based on a current government report on crypto crime.

Pointing to examples of criminals laundering funds by way of the sale of the favored nonfungible tokens, the Justice Department asked Congress to define some of all NFTs as “value that substitutes for currency” under the Bank Secrecy Act.

Doing so, it stated in the report, would “make clear that its key [anti-money-laundering (AML) and countering the financing of terror (CFT)] provisions — including the obligations to have customer identification packages and report suspicious transactions to regulators — apply to NFT platforms, including online public sale houses and digital art galleries.”

Stripe to Power MAN Truck & Bus Payments Tool

Global logistics agency MAN Truck & Bus has teamed with financial infrastructure platform Stripe to check a model new product that will orchestrate payments between MAN truck fleet homeowners and their service companions, with the help of Stripe payments and Stripe Connect.

The product, MAN SimplePay, is designed to streamline and facilitate payments for partner restore retailers and providers, leading to a frictionless and unified brand expertise.

“MAN SimplePay is a more efficient method for fleet house owners to control and administer payments throughout their fleet,” mentioned Johannes Huber, project supervisor of MAN SimplePay. “A fleet proprietor can operate multiple MAN autos which usually operate six or seven days every week.

Circle K Helps NCR Expand Its ATM Offerings

Enterprise know-how firm NCR Corporation has expanded its partnership with comfort store chain Circle K, putting its Allpoint ATMs in additional than 3,500 stores.

The companies say it provides a brand new monetary vacation spot for 60 million cardholders on the Allpoint network, a part of a wider effort by NCR to expand entry to companies.

“Consumers want high-quality financial entry everywhere — where they work, on their phones, and, naturally, the place they shop,” mentioned Don Layden, executive vice president, payments and community at NCR.

“Forward-thinking merchants like Circle K clearly see the worth of assembly this need.”

New PYMNTS Study: How Consumers Use Digital Banks

A PYMNTS survey of 2,124 US shoppers shows that while two-thirds of shoppers have used FinTechs for some side of banking companies, simply 9.3% call them their primary bank.

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We’re always on the lookout for opportunities to associate with innovators and disruptors.

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