News

B2B Payments
WEX Gets $400M From Warburg Pincus To Boost Operations
June 29, 2020

WEX has reported a $400 million investment from a partner of Warburg Pincus, which the financial services tech firm will use to continue operations amid the global pandemic, according to a press release. Get the Full Story Complete the form to unlock this article and...

CFPB
Supreme Court Rules CFPB Structure Unconstitutional
June 29, 2020

After years of debate about the U.S. Consumer Finance Protection Bureau (CFPB)’s legality, the U.S. Supreme Court ruled 5-4 on Monday (June 29) that the Obama-era agency’s structure is unconstitutional — although the body can continue if changed from its current form. Get the Full...

Partnerships / Acquisitions
Lululemon Enters Deal To Buy Interactive Fitness Firm MIRROR For $500M
June 29, 2020

Lululemon has entered into an agreement to buy in-home fitness company MIRROR for $500 million, according to a Monday (June 29)  press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
June 29, 2020

After the U.K.’s Financial Conduct Authority (FCA) mandated that Wirecard’s British Wirecard Card Solutions unit stop conducting regulated work, a number of consumers in the U.K. haven’t been able to get ahold of their cash, CNBC reported. Get the Full Story Complete the form to...

Security & Fraud
Singapore’s Central Bank Helping Police Investigate Wirecard
June 29, 2020

The Monetary Authority of Singapore (MAS) is collaborating with police to investigate Wirecard AG, the embattled German payment processing firm, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Domino’s Rolls Out Carside Delivery Contactless Pickup
June 29, 2020

To provide another contactless way for consumers to receive their orders, Domino’s Pizza, Inc. unveiled its Domino’s Carside Delivery service. The offering is a contactless carryout method that diners can opt for when they make their prepaid eCommerce orders and can be used at stores...

IPO
Insurance Marketplace GoHealth Seeks $100M In Potential IPO
June 29, 2020

GoHealth, Inc. is seeking to raise $100 million in Class A common stock during a proposed upcoming initial public offering (IPO), according to a filing with the U.S. Securities and Exchange Commission (SEC). The health insurance marketplace is seeking to list with the “GHTH” symbol on The...

Regulation
EU Says GDPR A Success; Consumers Still Skeptical Of Open Banking Security
June 29, 2020

Two years in, there’s no easy lifting for companies looking to comply with the General Data Protection Regulation (GDPR), which governs how data gets transferred outside of the European Union. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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...