News

Digital Banking
Platforms Help FIs And FinTechs Break Down Silos
February 12, 2020

In the drive to bring speed, convenience and true innovation to payments and address customers’ financial services needs in real time, financial institutions (FIs) need to break down silos. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Alibaba Investors In China Barred From Buying Its Stock In Hong Kong
February 12, 2020

Alibaba may be blocked from a new program in China that would allow investors in Hong Kong to buy its stocks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
StanChart, HBSC Offer Loan Relief As Coronavirus Keeps Cos Away From MWC
February 12, 2020

The Mobile World Congress (MWC) in Barcelona is in trouble, as three more companies have dropped out over coronavirus fears, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Bezos Unloads Nearly $4.1B In Amazon Stock As Part Of Trading Plan
February 12, 2020

Jeff Bezos, CEO of Amazon, has sold off $4.1 billion in shares of his own company in the last 11 days as part of a new prearranged trading plan, according to a report from CNBC. Get the Full Story Complete the form to unlock this...

IPO
Airbnb Took $322M Hit In First Nine Months Of 2019
February 11, 2020

With a potential initial public offering (IPO) on the horizon, Airbnb reportedly registered a loss in the first nine months of 2019 amid an increase in costs. The loss is said to raise questions about the timing and valuation of the tech company’s introduction to the public...

B2B Payments
Xero Partners With Square For Faster B2B Payments
February 11, 2020

Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
FinCEN Tweaks Rule On Reporting Financial Transactions
February 11, 2020

The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for sole proprietorships and legal entities operating under a “Doing Business As” (DBA) name, according to a Monday (Feb. 10) release. Get the Full...

Regulation
Zuckerberg To Meet With EU Regulators Prior To Big Tech Proposals
February 11, 2020

Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new framework for Big Tech, Reuters reported on Tuesday (Feb. 10). Get the Full Story Complete the form to unlock this article and enjoy...

International
Coronavirus Concerns Hit Retail Supply Chain
February 11, 2020

The phrase “out of stock” is starting to show up in discussions about the coronavirus. As Chinese companies and American companies doing business in China grapple with quarantines and proliferation the disease, U.S. retailers are concerned about a supply chain problem. Get the Full Story...