To offer vending and laundry machine operators instant cash access, PayRange Inc. rolled out a feature that lets machine operators immediately move mobile payment settlements to a debit card. The company said in an announcement that the aim of the effort is to support clients...
The European Union financial watchdog said that payment companies should use more contactless payments to help curb the spread of the coronavirus, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In today’s top payments news, businesses in China are offering steep discounts to encourage people to start spending again, and big businesses in Europe, North America and South America have drawn at least $124.1 billion from credit lines. Also, Brex buys three companies to expand...
Flipkart, Walmart’s India eCommerce arm, has gotten approval from authorities to continue operating in the country following a country-wide lockdown, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
In an unexpected twist for a tech company, Uber has filed a federal lawsuit against the Los Angeles Department of Transportation (LADOT), one that has been brewing for 18 months, according to a Wall Street Journal report on Wednesday (March 25). Get the Full Story...
Amid the coronavirus, the Federal Reserve Board is shifting its supervisory approach. The board said in a press release that it “recognizes that the current situation is significantly affecting areas of the country in different ways and will work with financial institutions to understand the specific...
There are 32 million kids under the age of 14 in the U.S. This week, and for who knows how much longer, they will be home from school due to the COVID-19 crisis. It may sound like a situation that will try the patience of...
Regardless of the current COVID-19 lockdowns, retailers are playing a dangerous game if they refuse to pay their lease without landlord cooperation. With big chains like Subway and Mattress Firm telling landlords that they are taking a reduction or even a cancellation on rent, the...
So far, we know a lot about what U.S. consumers are not doing. As seen in Karen Webster’s report on our exclusive COVID-19 consumer survey, we know they’re not staying in hotels (-26 percent), eating in restaurant dining rooms (-36 percent) or using public transit...
