News

Regulation
Didi, Meituan Among 11 Ride-Hailing Firms Ordered To Fix Problems in China
September 02, 2021

Unfair market practices are at the center of a new crackdown on ride-hailing companies in China, with the country’s Ministry of Transport and other watchdogs ordering 11 app-driven platforms to halt unfair practices, the Associated Press and other news outlets reported on Thursday (Sept. 2)....

Banking
Deep Dive: How Open Banking Could Innovate Insurance Payments to Strengthen Customer Relationships
September 02, 2021

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B2B Payments
Plate IQ Automates Restaurants’ Back-of-House Operations to Save Time, Cut Costs
September 02, 2021

Front-of-house restaurant technology may be barreling full speed ahead into the future, but the back of the house is still stuck in the past. The bulk of restaurant operations continue to occur through pen-and-paper bookkeeping and communication and through email, lengthy processes that cost businesses...

Retail
Chewy to Launch Marketplace for Vets in Expansion of Health Offerings
September 02, 2021

Online pet supply retailer Chewy is currently testing a new marketplace for veterinarians to help them grow clinic revenues and improve experiences for pet owners, with the goal of rolling out the service to more providers later this year. Get the Full Story Complete the...

Payments Innovation
Veridian Credit Union on the Advantages Real-Time Payments Can Provide for FIs
September 02, 2021

As credit unions embrace real-time payments as a way to compete with their digital-first rivals, they’re also encountering new security challenges. In this month’s Real-Time Payments Tracker, PYMNTS spoke with Brett Engstrom, chief information officer of Iowa-based Veridian Credit Union, about preventing potential fraud risks...

Payments Innovation
PYMNTS Executive Insight Series: Agreement Express
September 02, 2021

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Regulation
TikTok Parent ByteDance Curtails FinTech Biz, Spins off Stock Trading Unit
September 02, 2021

TikTok parent ByteDance is curtailing its FinTech operations and selling off its stock brokerage business as Chinese regulators continue to wield power over companies that offer financial services, Reuters and other news outlets reported on Thursday (Sept. 2). Get the Full Story Complete the form...

eCommerce
Latin America’s Market Dynamics Can Help Nuvemshop Leapfrog Into Pole Position
September 02, 2021

Kushki Chief Executive Aron Schwarzkopf sees Latin America as one of the last frontiers in terms of digitization of payments. It’s a place that relies extensively on legacy technology, where everything remains fragmented and where there’s a total lack of standardization. Get the Full Story...

B2B Payments
Work-from-Home Trend Pressures SMBs To Improve ‘Out Of Control’ Spend Management
September 02, 2021

In the best of times, managing corporate spending is challenging, complex work. But amid the great digital shift, with a surge in employees working-from-home — whether they’re C-suite or sales reps — the task can seem Herculean. Get the Full Story Complete the form to...