News

Payment Methods
Verizon Debuts Visa Credit Card With Rewards
June 22, 2020

To provide a new method for cardholders to save on their cell phone bills, Verizon plans to debut the Verizon Visa Card. The Synchrony-issued credit card, which will officially roll out on June 26, will enable mobile clients to save on their bills via rewards,...

News
Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
June 22, 2020

In today’s top news, Wirecard says the missing $2.1 billion from its Philippines accounts probably never existed, and checkout.com raised $150 million. Plus, U.S. consumers are putting more money in the bank than ever before. Get the Full Story Complete the form to unlock this...

Security & Fraud
New Zealand Seizes $90M In Bitcoin Fraud Case
June 22, 2020

New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure ever. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Live Jewelry Auctions To Return, But Online Sales Will Persist
June 22, 2020

Auction house Sotheby’s said it is set to resume Geneva’s live auctions of jewelry, which were suspended when the coronavirus pandemic hit. The first live event is set for this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Massachusetts Reopens Its Dining Rooms
June 22, 2020

Restaurant dining rooms in Massachusetts reopened on Monday (June 22), after being shuttered for three months. 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 daily...

India’s Morning Grocery Service Milkbasket Eyes Profitability In 2020, Raises $5.5M
June 22, 2020

Online grocery delivery service Milkbasket has landed $5.5 million in venture capital in a round led by Inflection Point Ventures. That brings the funding pulled in by Milkbasket to over $33 million. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Ant Financial Changes Name Amid Regulatory Scrutiny
June 22, 2020

What’s in a name? Apparently, a lot – if you are dealing with Chinese regulators. 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 daily newsletter,...

Retail
China’s 618 Festival Shows Strength In Consumer Spending
June 22, 2020

China’s 618 shopping festival is in the books. This year’s three-week event was watched closely for evidence that the Chinese consumer will help spend the country out of the pandemic, and the success of 618 shows that they likely will. Get the Full Story Complete...

Retail
Credit Issues Stalk Malls And Anchor Tenants
June 22, 2020

With malls reopening in most states over the weekend an early reckoning with pandemic reality among mall owners and anchor tenants is underway. The traffic over the past week and weekend varied from lines at the door to ghost towns inside. At least one real...