News

Partnerships / Acquisitions
Apple, NBA Team Up To Release Apple-Branded Playlist In Services Boost
January 16, 2020

Apple has found what could be a powerful partner in getting its music offering out to more consumers. Even so, the outlook for Apple’s services – and the revenue coming from it – is hardly a slam dunk, even as the company looks to gain more...

B2B Payments
Merger Combines Six T&E, AP Firms To Form Emburse
January 16, 2020

Six corporate travel expense management and accounts payable (AP) solution providers are combining into a single company to form Emburse, according to a press release Thursday (Jan. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
Commuters In India Will Soon Need Only One Transport Payment Card
January 16, 2020

Metro authorities in India are planning to launch automatic fare collection (AFC) gates that will work with the country’s National Common Mobility Card (NCMC) that was introduced in March by the Ministry of Finance, according to reports on Thursday (Jan. 16). Get the Full Story...

Partnerships / Acquisitions
Far Point Acquisition Merges With Global Blue In $2.6B Deal
January 16, 2020

Virginia-based FinTech firm Far Point closed a $2.6 billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue, earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. 16). Get the Full Story Complete the form to...

Acquiring
Global Blue Acquisition Capitalizes On Consumer X-Border Spend
January 16, 2020

New day, new multi-billion-dollar deal within the payments space. 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 to our daily newsletter, PYMNTS Today. By completing this form,...

News
Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered...
January 16, 2020

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500 million bailout for debt-burdened taxi drivers and Google modifies its search function to make finding and comparing apparel easier. Get...

Security & Fraud
Dozens Of US Firms Had Same Security Flaw As Travelex
January 16, 2020

The vulnerability that allowed Travelex to be attacked by hackers has existed at many other companies and institutions in the U.S., according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Ant Financial Looks To Resurrect Stalled IPO
January 16, 2020

China’s Ant Financial is in discussions with banks to resurrect plans for an initial public offering (IPO) that was shelved over a year ago, the Financial Times reported on Thursday (Jan. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
WeWork’s Lease Volume Dries Up After Botched IPO
January 16, 2020

Shared workspace and real estate company WeWork only signed four new leases in Q4, a drop of 93 percent in leasing activity, after its failed IPO attempt, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and...