News

Security & Fraud
German Lawmakers Push For Further Questioning Of Former Wirecard CEO Braun
November 20, 2020

German lawmakers are determined to call back Wirecard AG’s former CEO Markus Braun to give further testimony after he refused to answer their questions during a hearing in Berlin about the downfall of the once high-flying European FinTech company. Get the Full Story Complete the...

Retail
COVID-19 Has Retailers Nudging Black Friday Shoppers Online
November 20, 2020

Don’t look now, but Black Friday – historically the busiest shopping day of the year – actually started three weeks ago at websites everywhere. At a time when the coronavirus has already changed so many aspects of our daily lives, a revision of this post-Thanksgiving...

Partnerships / Acquisitions
India OKs $3.4B Future, Reliance Deal Over Amazon’s Protests
November 20, 2020

The Competition Commission of India (CCI) approved a $3.4 billion deal between the country’s two retail giants — Reliance Retail and Future Group — despite protests by Amazon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment
November 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Plus, Simfoni lands on Vroozi’s procure-to-pay platform, Kyrbia collaborates with an Italian bank on supply chain financing, and the EU’s digital chief...

Retail
Holiday Digital Disconnect Looms Between Merchants And Consumers
November 20, 2020

The holidays are here. So, too, is a spike in COVID-19 cases. With a resurgence in public health concerns, it makes sense that commerce would increasingly skew digital, with the comfort of … well, touching as little as possible. Get the Full Story Complete the form...

Banking
COVID Casts More Doubt On Future Of Bank Branches
November 20, 2020

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible. Consumers were already shifting...

Retail
eBay Repurposes LA Gas Station For Authentication Drive-Thru
November 20, 2020

An old Los Angeles gas station is getting a new life as a drive-thru authentication hub for eBay, according to a company statement on Friday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Digital Banking
Mobile Banking App Users Pull Ahead Of FIs On Expectations
November 20, 2020

It’s been a long slog since April 2020 when a harmonic convergence of bad financial news and a worsening global health crisis formed the “crater” of the pandemic. April was also the month that financial institutions (FIs) and Big Tech firms alike learned that mobile...

Retail
Adult Sneakers Drive Shoe Carnival’s Record Q3 Sales
November 20, 2020

Shoe Carnival delivered record sales for the third quarter, driven in part by strong sales in the adult athletic shoe category, the company announced this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...