News

News
Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
June 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, the Federal Deposit Insurance Corp. (FDIC) is looking to modernize bank reporting. Get the Full Story Complete the form to unlock...

eCommerce
Stripe Rolls Out Customer Billing Portal, New Recurring Payment Options
June 29, 2020

The coronavirus pandemic and its boost to online commerce has provided a major lift to Stripe, the San Francisco-based startup whose software provides the backbone for eCommerce networks around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay Frozen 
June 29, 2020

The United Kingdom’s regulatory authority said Wirecard AG was correcting issues raised by the $2.1 billion accounting scandal, but restrictions on the collapsed German payments company will stay, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Social Commerce
Facebook Sweetens Terms In Bid For Video Creators
June 29, 2020

Facebook is upping the ante again in its bid to lure online video personalities to its platform. 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...

Investments
Tencent, Primavera Staking $300M On Chinese Grocery Delivery Startup
June 29, 2020

A Chinese startup is landing hundreds of millions in additional financing as a group of investors – which includes Tencent – eyes the country’s fast-growing grocery delivery sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
American Express Unveils $200M Cash-Back Program To Boost Spending At SMBs
June 29, 2020

With the reopening of the U.S. economy underway, American Express is rolling out a $200 million program designed to boost spending at small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Ex-Nordstrom Exec Says Department Stores Must Step Up To Survive
June 29, 2020

A former Nordstrom executive is calling on the department store sector to meet the needs of customers and keep pace with technology – or face extinction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Nike Leads Retail Into The Great Reboot
June 29, 2020

Welcome to the great reboot. Physical retail’s return to business was previously known as the “great reopening” or the “great resettling.” But it’s becoming apparent that the unprecedented business dynamics of the pandemic will be anything but a subtle reopening marked by subtle changes –...

Retail
Car Talk: Shift Announces Plans To Go Public
June 29, 2020

The automotive evolution to Digital 3.0 revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in the third quarter via a complicated reverse merger arrangement. Get the Full Story Complete the form to unlock this article...