News

B2B Payments
Expensify Returns To Its Roots With Commercial Card Launch
October 08, 2019

Corporate expense management company Expensify is rolling out a commercial card product to augment its solution. 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...

IPO
Kazakh FinTech Defers London IPO On ‘Unfavorable’ Market Conditions
October 08, 2019

Kazakh FinTech group Kaspi.kz has decided to postpone its U.K. initial public offering (IPO), which was poised to be the biggest IPO by a central Asian company since the 2008 global financial crisis. Get the Full Story Complete the form to unlock this article and...

Regulation
How EU Merchants Are Adjusting To SCA
October 08, 2019

EU merchants, PSPs, and FIs watched as the strong customer authentication (SCA) deadline passed — then went right back to asking questions that regulators haven’t answered. The problem lies with regulators like the EBA, which lack an EU-wide SCA rollout plan, says Nicolas Adolph, chairman...

Investments
Startup Partially Funded By Ashton Kutcher Can’t Pay Staff
October 08, 2019

Silicon Valley tech startup Neighborly is having money woes and can’t make payroll, Bloomberg reported on Monday (Oct. 7). 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...

POS Innovation
Max Levchin On The Future-Present Of Everywhere POS Lending
October 08, 2019

When Affirm launched in February 2013, the point-of-sale (POS) financing marketplace in the U.S. was largely an empty greenfield wherein PayPal Co-Founder Max Levchin set up virtual stall. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
CyberSource: The SCA Delay Is Both An Opportunity And A Challenge
October 08, 2019

As of Sept. 14, the legal deadline for the strong customer authentication (SCA) requirement of the Second Payment Services Directive (PSD2) came and went. However, as is often the case when big ecosystems attempt wide and systemic changes, things have not gone quite according to plan....

Investments
SoftBank CEO Not Satisfied With Firm’s Growth
October 08, 2019

So far, the CEO of SoftBank Group Corp. isn’t impressed with his accomplishments at his company. 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,...

Retail
Kroger, Walgreens Take E-Cigs Off Shelves
October 07, 2019

Popular grocer Kroger and pharmacy retailer Walgreens have announced they will no longer sell e-cigarettes, citing “the mounting questions and increasingly complex regulatory environment.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
SEC’s Moves To ‘Modernize’ ETFs Hint At Crypto Future
October 07, 2019

The U.S. Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Might that pave the way for the emergence of cryptocurrency...