FCA Fines Commerzbank London $47.5 Million For AML Failings
FCA Fines Commerzbank London $47.5 Million For AML Failings
June 17, 2020  |  Bank Regulation

Germany’s Commerzbank London has agreed to pay a fine of £37,805,400 — about $47.45 million — “for failing to put adequate anti-money laundering (AML) systems...

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Uber Inks First Deal To Manage Public Transit
Uber Inks First Deal To Manage Public Transit
June 17, 2020  |  Ridesharing

With ridesharing having taken a hit from the pandemic, Uber is pushing into a new sector: public transportation. Get the Full Story Complete the form...

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Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic Damage
Today In Payments: Jobless Americans Can’t Afford Doctor Visits; Powell Says US Faces Long-Term Economic...
June 17, 2020  |  News

In today’s top news, many jobless Americans can’t afford to seek medical care, and the Fed’s Jerome Powell said the economy is far from a...

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Former eBay PR Chief Reportedly Involved In Harassment Campaign
Former eBay PR Chief Reportedly Involved In Harassment Campaign
June 17, 2020  |  Safety and Security

A former eBay communications chief and veteran public relations executive was involved in a campaign to cyberstalk and harass a Massachusetts couple behind a newsletter...

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Medius Brings SMB Invoice Automation Offering To US Market
Medius Brings SMB Invoice Automation Offering To US Market
June 17, 2020  |  B2B Payments

To provide small companies with accounts payable (AP) automation, Medius is bringing its MediusGo invoice automation product to the American market. The cloud-based spend management...

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InstaReM Helps Singapore SMBs Tap T&E Credit Lines For Cash
InstaReM Helps Singapore SMBs Tap T&E Credit Lines For Cash
June 17, 2020  |  B2B Payments

Securing loans or credit has never been easy for small and medium-sized businesses (SMBs). Get the Full Story Complete the form to unlock this article...

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Mastercard And Visa Lose Legal Round In Europe Over Swipe Fees
Mastercard And Visa Lose Legal Round In Europe Over Swipe Fees
June 17, 2020  |  Legal

In the United Kingdom, and for the payment network giants in the decades-long legal battle over interchange fees — next stop, trial court? Get the...

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Target Boosts Beginning Wage To $15, Extends Pandemic Benefits
Target Boosts Beginning Wage To $15, Extends Pandemic Benefits
June 17, 2020  |  Retail

As it invests almost $1 billion more on its team than it did last year, Target said it would permanently increase its beginning wage for...

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eCommerce Takes Half Of Pandemic-Driven Retail Growth
eCommerce Takes Half Of Pandemic-Driven Retail Growth
June 17, 2020  |  Retail

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the...

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