News

Retail
77 Pct Of Holiday Gift Recipients Expect To Make Returns
December 03, 2019

The results of a new survey found that most people – around 77 percent – plan on returning some of their gifts this holiday season, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payments Innovation
How FinTech Payment Platforms Power Marketplaces
December 03, 2019

FinTech firms are aiming to serve the payment needs of marketplaces with technology that helps funds flow both in and out of their accounts — a process that meets many challenges when dealing with so many payment services globally, or even in just one country. Modo,...

B2B Payments
SEC Flags Benchmark That Obscured WeWork’s Bottom Line
December 03, 2019

The We Company, the parent of WeWork, uses a cash-flow metric called the “contribution margin,” which showed that its core services were profitable, Bloomberg Tax reported on Tuesday (Dec. 3). The contribution margin — also used by Lyft and Peloton — ignores fixed and startup...

Regulation
New Regulations Prompt Airbnb To Yank Boston Listings
December 03, 2019

Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
CFPB Proposal On Remittances Offers Exemptions For Banks, CUs
December 03, 2019

In the years ahead, might there be a greater number of smaller financial institutions (FIs) offering remittance services? 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...

B2B Payments
Uber Partners With Amex To Offer Rewards For Corporate Riders
December 03, 2019

Uber and American Express have partnered to offer businesses rewards whenever they pay for rides using a corporate American Express Card, The Points Guy reported on Monday (Dec. 2).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
Top News In Payments: Wells Fargo Appoints COO; Visa Names New Partners To Help FinTechs
December 03, 2019

In today’s top payments news, Wells Fargo has selected former Santander head executive Scott Powell to be its new chief operating officer. Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. And London’s digital unicorn Monzo has appointed TS Anil to...

Ridesharing
Bolt CEO: Ride-Hailing Firm Nearing Profitability In Most Markets
December 03, 2019

The CEO of Bolt, an Estonian-based ride-hailing company, said his company is beginning to see profitability in most of the markets in which it operates, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Trump Administration Mulled Excluding Huawei From US FIs
December 03, 2019

The Trump administration thought about removing China’s Huawei from the U.S. financial network earlier this year, Reuters exclusively reported on Tuesday (Dec. 3), citing three sources.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...