News

Investments
SoftBank Founder Plans To Invest ‘More And More’ Despite WeWork Loss
December 08, 2019

Alibaba’s Jack Ma warned SoftBank’s Masayoshi Son that having too much money can lead to a “lot of mistakes.” 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...

International
European Lenders Announce 60K Job Cuts
December 08, 2019

European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
UK Lender B-North Looks For £1.75M In Funding
December 08, 2019

UK-based business lender B-North is looking to raise £1,750,000 ($2.3 million) through an equity crowdfunding campaign on Crowdcube, offering 10.94 percent in equity at a £14,247,942 ($18.7 million) pre-money valuation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
Adobe Acquires Facebook’s Oculus Medium VR Tool
December 08, 2019

Social media giant Facebook is selling Oculus Medium, its virtual reality sculpting tool, to Adobe, reports revealed on Saturday (Dec. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
MessageXchange Launches PEPPOL-Certified eInvoicing In Australia, New Zealand
December 08, 2019

MessageXchange has announced that it is the first PEPPOL-certified eInvoicing Access Point service provider in Australia and New Zealand. 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...

Security & Fraud
How To Fight Fraud Without Cheapening Consumer Experiences
December 08, 2019

Everything has a price. And the price for a richer consumer experience online and via mobile — one of the defining trends of payments and commerce in 2019, and probably well into the 2020s — is that the code that creates those experiences often leave opening...

Retail
Can The Santa Experience Save Brick-And-Mortar Retail This Holiday Season?
December 07, 2019

Some holiday traditions are easy to explain — things like wrapping presents, drinking hot chocolate and baking cookies are all neatly summed up with the knowledge that the vast majority of people like opening presents and eating cookies. Other traditions are a bit harder to understand...

Payment Methods
Fed Study: US Consumers Make Average Monthly Payments Of $3,999
December 06, 2019

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. adult consumers who are 18 years old and older. Get...

Security & Fraud
FTC Issues Opinion On Cambridge Analytica Scandal
December 06, 2019

The Federal Trade Commission (FTC) found on Friday (Dec. 6) that British political consulting firm Cambridge Analytica lied to people about the data it was collecting from Facebook, and that it used it to profile and target voters, according to a report by Reuters. Get...