Today In Payments: Uber Money Head Resigns; Brussels To Investigate German Regulator Over Wirecard
Today In Payments: Uber Money Head Resigns; Brussels To Investigate German Regulator Over Wirecard
June 26, 2020  |  News

In today’s top news, Peter Hazlehurst, head of Uber Money, has resigned, and Brussels will investigate Germany’s financial regulatory authority over failing to supervise Wirecard....

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Study: Higher Spending On Dining Out Could Forecast A Rise In The Virus
Study: Higher Spending On Dining Out Could Forecast A Rise In The Virus
June 26, 2020  |  Coronavirus

Aa JPMorgan study suggests a connection between increased spending on dining out and a quicker proliferation of COVID-19. Jesse Edgerton, an analyst, discovered that heightened eatery...

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This Week In Payments: Saving Small Business
This Week In Payments: Saving Small Business
June 26, 2020  |  Innovation

The first half of 2020 has been rough on small businesses of all kinds, whether they had to close their doors due to public-health orders...

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DOJ Nearing Decision On Antitrust Suit Against Google
DOJ Nearing Decision On Antitrust Suit Against Google
June 26, 2020  |  ANTITRUST

The U.S. Department of Justice (DOJ) is nearing the end of its antitrust investigation of Alphabet Inc’s Google as it considers whether to charge the...

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Slimmed-Down Albertsons IPO Raises $800M
Slimmed-Down Albertsons IPO Raises $800M
June 26, 2020  |  IPO

The long-awaited initial public offering (IPO) of Idaho-based grocery chain Albertsons went ahead on Friday (June 26) after often-fraught years of planning. Now trading on...

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Amazon Ups Ante In India With ‘Smart Stores’ Initiative
Amazon Ups Ante In India With ‘Smart Stores’ Initiative
June 26, 2020  |  Amazon

Amazon is escalating its push into India with a new “Smart Stores” initiative aimed at spreading its reach into the country’s massive retail market. Get...

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UK Watchdog Freezes Wirecard’s Funds During Probe
UK Watchdog Freezes Wirecard’s Funds During Probe
June 26, 2020  |  Security & Fraud

The United Kingdom’s financial watchdog agency has ordered Britain’s Wirecard subsidiary to freeze the German payment company’s funds as regulators determine the next steps, The Wall...

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Microsoft To Shutter Brick-And-Mortar Stores In ‘Strategic Change’
Microsoft To Shutter Brick-And-Mortar Stores In ‘Strategic Change’
June 26, 2020  |  Retail

Microsoft is shuttering brick-and-mortar locations as it unveils a “strategic change” in the way it runs its retail business. The technology firm’s retail staffers will...

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Consumer Spending Spree Now Tempered By Coronavirus Concerns
Consumer Spending Spree Now Tempered By Coronavirus Concerns
June 26, 2020  |  Economy

U.S. consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the...

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