Wirecard AG, the Munich, Germany payment processor, acknowledged Monday it’s likely the missing 1.9 billion euros ($2.1 billion) from its accounts in the Philippines never existed, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Checkout.com, the London-based online payments software platform, has nearly tripled it worth to $5.5 billion following a $150 million round of fundraising, the company announced Monday (June 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A record $2 trillion has been deposited into U.S. bank accounts since the coronavirus first hit the U.S. in January, according to a report by the Federal Reserve Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Facebook could be looking to take over Neiman Marcus‘ space at Hudson Yards in Manhattan, according to an unnamed source in a Women’s Wear Daily report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The new coronavirus has led many businesses and consumers to seek out ways they can receive payments more quickly, but for some, this is only the latest development in a longer curve toward payment innovation. The financial and insurance industries, for example, have both been...
For those who planned their weddings for the spring or summer of 2020, it has doubtlessly been a rather stressful last few months, as the outbreak of a global pandemic arose and messed with everyone’s plans. Get the Full Story Complete the form to unlock...
Raz Golan, CEO of Israeli-based mobile checkout company Shopic, says his company started out with the mission of shortening lines in grocery stores — a crowded space in and of itself these days. But with a recent $7.6 million in funding, the startup is on track...
HSBC Hong Kong‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Philippines central bank cast doubt on Wirecard AG’s assertion that the Munich, Germany payment processor deposited 1.9 billion euros ($2.1 billion) into two banks in the island nation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
