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....
Chinese smartphone firm Xiaomi is planning to pump over ¥50 billion ($7.18 billion) into artificial intelligence (AI) and 5G technologies over the next five years, Reuters reported on Thursday (Jan. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Uber is leveraging its ride-hailing success in Africa to deliver local fare that caters to the tastes of its middle-class customers, Reuters reported on Thursday (Jan. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As it aims to tap into its massive digital subscriber base to take on worldwide eCommerce companies, Mukesh Ambani’s Reliance Industries is launching an early version of its online retail offering. The firm has begun to invite shoppers in certain Mumbai suburbs to sign up...
As diners can order a wide range of cuisines from their smartphones, mobile order-ahead continues to become more popular — and quick-service restaurants (QSRs) are taking note. The technology is changing the design of restaurants, as some coffee chains are rolling out pick-up only locations...
