News

Regulation
European Court To Rule On Airbnb Classification This Week
December 17, 2019

The Luxembourg-based Court of Justice of the European Union (CJEU) will decide whether to classify Airbnb as an online booking service or real estate agent this month, amid a battle against the company from a tourism group, according to Reuters.  The backlash against the company...

News
Google Offers Advice To The Fed On FedNow
December 17, 2019

Google sent a letter to the Federal Reserve, asking the U.S. central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. 15). FedNow is the new interbank real-time gross settlement (RTGS) service...

Partnerships / Acquisitions
Gojek To Take Strategic Stake In Blue Bird Taxicab Company
December 16, 2019

Indonesian delivery app Gojek has announced it will buy 5 percent of taxicab company Blue Bird, in an effort to stay competitive with rivals like Grab, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
WEX Broadens Fleet Card Portfolio With Valero
December 16, 2019

Commercial payments technology company WEX announced on Monday (Dec. 16) that it has reached an agreement to manage Valero Energy‘s fleet fuel card program, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payment Methods
Citi Treasury Services, PayPal Team On Global Mass Payouts
December 16, 2019

PayPal and Citi have grown their partnership to allow institutional clients of Citi to make payments into their customers’ PayPal digital wallets, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
AI Firm Breaches Facial Recognition At Airports, Stores
December 16, 2019

Photos of faces and 3D masks have fooled facial recognition checkpoints at airports, as well as payment systems, but they can’t fool Apple’s Face ID systems, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise...
December 16, 2019

In today’s top news in payments, the U.S. Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool, and Visa warns of an increase in fuel dispenser POS cyberattacks. Also, Uber is negotiating the sale of Uber Eats to India’s...

Mobile Payments
Mobile Order-Ahead: It’s What’s For Dinner
December 16, 2019

In the mobile order-ahead space, consumers are not getting what they ordered – and that doesn’t mean burgers or salads. What consumers really want from mobile ordering is … more mobile ordering. A recent National Restaurant Association (NRA) survey found that 43 percent of consumers...

Investments
India’s Licious Notches $30M To Boost Online Food Sales
December 16, 2019

Meat and seafood brand Licious, based in Bengaluru, India, has raised $30 million in a Series E funding round led by Singapore-based Vertex Growth Fund, TechCrunch reported on Monday (Dec. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...