News

Acquiring
Just Eat Snubs $6.3B Prosus Offer; Will Move Forward With Takeaway Merger
November 11, 2019

Just Eat has turned down a hostile £4.9 billion ($6.3 billion) cash bid from Prosus, the Amsterdam arm of the South African tech conglomerate Naspers, as reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Tesco Launches Amazon-Style Subscription Program
November 11, 2019

Tesco is taking on the competition by adding a subscription option to its Clubcard loyalty program. 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...

Regulation
Apple Pay Competition Practices Eyed By EU Regulators
November 11, 2019

Big Tech has gotten, is getting and will get its share of regulatory scrutiny. For Apple, there seems to be an increasing interest in its digital wallet, and how the firm is competing in the payments realm. Get the Full Story Complete the form to...

B2B Payments
 RedCloud on How OCR-Driven Payments Benefit Supply Chains
November 11, 2019

Supply chains can get bogged down in paper invoices and cash payments, especially when unbanked enterprises are part of that chain. Cash reconciliation and invoicing by optics allows invoices to be received, processed and paid in real time. RedCloud CEO Justin Floyd tells PYMNTS that...

B2B Payments
In Australia, Late Payments Hit SMBs During Holiday Season
November 11, 2019

Late payments have hit Australian firms across several verticals — with a notable impact across the transport industry. The practice of supply chain finance is about to get greater scrutiny in the country, according to reports. In the U.K., a number of companies have been...

International
Hong Kong Hits UBS With $51M Fine For Fleecing Consumers
November 11, 2019

Swiss bank UBS was hit with a $51.09 million fine by a Hong Kong watchdog for overcharging up to 5,000 clients for nearly a decade, Reuters reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

eCommerce
Alibaba Beats $30B Sales Record On China’s Singles Day
November 11, 2019

China’s Alibaba broke sales records during the 24-hour shopping event known as Singles Day, CNBC reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Payment Methods
Rapyd FinTech Announces Single Cashless Platform In Singapore
November 11, 2019

Global FinTech Rapyd announced that it has launched a single platform in Singapore that enables businesses to go cashless. 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...

Banking
The Challenges Challenger Banks Must Overcome To Compete
November 11, 2019

Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is not. Get the Full Story Complete the form to unlock this article and enjoy unlimited...