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The finance ministry in India passed a new regulation saying that companies with sales of more than ₹50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. Get the Full...
U.S. restaurant chain Landry’s announced on Thursday (Jan. 2) that it had been the victim of a malware attack that almost stole customers’ payment data. According to reports, while the malware affected all point-of-sale terminals at Landry’s locations, it was unable to actually steal data...
The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. Get the Full Story Complete the form...
The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., has released new guidance on computing costs for cloud computing to take effect for public businesses in 2020. It also provides a new standard for companies that struggle with the implementation of...
Retail currency dealer Travelex was offline on Thursday (Jan. 2) after being infiltrated by a software virus, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
U.K. startup B-North has raised £2 million (€2.34 million or $2.6 million USD) from existing and new investors through equity crowdfunding platforms Crowdcube and GrowthFunders, according to reports. This latest funding adds to the £4.2 million B-North raised in previous rounds. Get the Full Story Complete the...
The commercial InsurTech Bold Penguin is acquiring excess and surplus brokerage tech platform xagent so it can scale service to insurance carriers, brokers and agents, Bold Penguin announced on Thursday (Jan. 2). Get the Full Story Complete the form to unlock this article and enjoy...
In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. Plus, Indonesia is planning to implement flat-rate fees for certain digital wallet transactions....
