News

Regulation
Big Tech Compliance Tracker: US Unsure When It Might Sue Google, But Private Suit Claims...
August 17, 2020

Here’s the latest news for Big Tech’s Alphabet, Amazon, Apple and Facebook, which are coming under increasing scrutiny from regulators and politicians the world over. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
SoftBank Reveals Stakes In Amazon, Alphabet, Netflix And Tesla
August 17, 2020

SoftBank has built a stake worth around $1.2 billion in Amazon, according to regulatory filings as reported by Reuters. 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...

B2B Payments
British Property Technology Firm Hammock Notches £1M
August 17, 2020

To assist landlords in understanding the financial health of their properties, Hammock has notched £1 million in seed funding from Ascension Ventures and Fuel Ventures. The British property technology company also plans to roll out an FCA-regulated current account in the weeks to come, according to...

B2B Payments
BMO Unveils Portal For SMB Clients To Share Data With QuickBooks
August 17, 2020

BMO has finished the creation of a portal that will enable small business clients to transmit their financial data to Intuit QuickBooks Online. Customers will keep ownership over their information and can agree to which data will be provided, according to an announcement. Get the...

News
Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon
August 17, 2020

In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. Plus, the Federal Reserve is working with MIT to explore the use of digital currency. Get the Full Story Complete the form to...

Partnerships / Acquisitions
Reliance Industries Weighs Purchases Of Retailer, Delivery Companies
August 17, 2020

India’s Reliance Industries is in talks to buy online furniture retailer Urban Ladder in a transaction valued at as much as $30 million, the Times of India reported on Monday (Aug. 17). Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Cyberattack Closes Web Access To Canadian Government Agencies 
August 17, 2020

A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
TD Rolls Out Online Accounting In Bid For Small Biz Accounts
August 17, 2020

Balancing the books, sending out invoices and keeping the cash rolling in can be thankless but vital tasks for small business owners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Robinhood Valued At $11B After $200M Raise
August 17, 2020

Robinhood Markets Inc., the commission-free online brokerage that offers a mobile app to invest in stocks, ETFs and options, announced a $200 million Series G funding, bringing its valuation to $11.2 billion. Get the Full Story Complete the form to unlock this article and enjoy...