News

Retail
IKEA, H&M Funding Tech Startups To Sidestep Retail Disruption
November 06, 2019

IKEA and Hennes & Mauritz (H&M) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Digital Banking
JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts
November 06, 2019

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Bank Of The West Links Business Customers To Brex Cards
November 06, 2019

Commercial card startup Brex is collaborating with BNP Paribas subsidiary Bank of the West. 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...

News
Top News In Payments: SoftBank Reports $6.5B Loss; FIS Sees Strong Merchant Sales In Q3
November 06, 2019

In today’s top payments news, Japan’s SoftBank reported a $6.5 billion loss on Wednesday (Nov. 6) with its first quarterly drop-off in 14 years. Also, Fidelity National Information Services (FIS) reported Q3 results that beat expectations for adjusted earnings. And Visa called Tencent’s announcement that...

Regulation
Jersey City Votes To Tighten Short-Term Rental Regs
November 06, 2019

Airbnb suffered a blow on Tuesday (Nov. 5) when Jersey City residents voted to apply more regulations to short-term rentals, a decision that could have repercussions as the company prepares for an IPO, according to a report by CNBC. Get the Full Story Complete the...

B2B Payments
Coupa Taps Amex, Mastercard Track In Spend Management Expansion
November 06, 2019

Enterprise spend management solution provider Coupa is expanding its offering with new features and a partnership with American Express, the companies said Wednesday (Nov. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Wirecard Expands KMPG Audit To Clear Fraud Allegations
November 06, 2019

Wirecard is having auditing giant KPMG expand the scope of its review of Wirecard financials as the company continues to defend against allegations of fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Billtrust Business Network Nears 1M Transaction Milestone
November 06, 2019

Billtrust announced on Wednesday (Nov. 6) that its Business Payments Network (BPN) is approaching the milestone of 1 million B2B transactions about one year after launch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
IBM And BofA Team On Bank Cloud Computing Platform
November 06, 2019

Bank of America has teamed with IBM and its regulatory compliance arm, Promontory Financial Group, to create a cloud computing platform that has privacy, security and regulatory banking compliance protocols built in, according to a report by American Banker. Get the Full Story Complete the form...