News

IPO
Nasdaq Moves To Limit Chinese SMB IPOs
September 29, 2019

Nasdaq is putting the heat on initial public offerings (IPOs) of small Chinese companies, Reuters reported on Sunday (Sept. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
The Big Bucks Behind Sleep (Or Lack Thereof)
September 28, 2019

The benefits of a good night’s sleep can’t be overstated – nor the negative consequences of not getting one. The average human being needs seven to nine hours per night of sleep, and while there is no medical benefit to sleeping more than that average,...

News
Big Fraud, Big FinTech and Big Uber Top Week’s News
September 27, 2019

There is never a dull moment in the world of payments and commerce, and no matter how hard you work to keep up, it can be easy to miss something. That’s where the PYMNTS Weekender comes in. Coverage this week includes a new Amex financial...

Europe
Vestager: EU Should Proceed With No-Deal Digital Tax
September 27, 2019

In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a deal doesn’t happen at a worldwide level by the conclusion of 2020. The incoming commissioners also noted their priorities on...

Cross-border Payments
Potential US Investment Curbs Prompt Chinese Stock Losses
September 27, 2019

Shares of well-known Chinese companies, like Alibaba, JD.com and others, dropped sharply on Friday (Sept. 27) amid news that the United States might be curtailing Chinese investments, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and...

News
Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach
September 27, 2019

Today in the payments news roundup, the U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. payments ecosystem implications. Also, DoorDash revealed it was the victim of a data breach in...

Banking
What’s Next As Scharf Takes The Helm At Wells Fargo
September 27, 2019

And now begins some more heavy lifting. 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, you agree...

Investments
Recurly Notches $19.5M To Grow Subscription Business
September 27, 2019

To bolster its subscription business, San-Francisco-based Recurly has notched $19.5 million in funding led by F-Prime Capital along with participation from Polaris Partners, Silicon Valley Bank and Greycroft. The new funding brings its total raise to almost $40 million after raises in the past totaling...

Retail
For Amazon And Walmart, New Devices And Directions Fuel This Week’s Battle
September 27, 2019

Comparatively speaking, the volume of news out of both Walmart and Amazon was down a bit this week in terms of efforts to capture the consumer’s whole paycheck. The name of the game this week was breadth, it seemed, particularly for Amazon, which held its...