News

Payment Methods
Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs
July 21, 2019

No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Credit card statements will show that a purchase was made at the “Midgrun Eats LLC food truck,...

Mobile Commerce
Tinder Pulls A Spotify And Drops Google App Store Signups
July 21, 2019

Tinder removed Google Play Store integration within its Android app to avoid Google’s service charge, which can be as high as 30%.  Tinder users who want to subscribe to premium services will now be asked to enter their credit card information directly into the Tinder...

Investments
Trade War Slows Flow Of Cash From China To US
July 21, 2019

The flow of Chinese cash into America has fallen almost 90 percent since Donald Trump became President. 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...

Banking
AML Expenses Eat Into Nordic Lenders’ Profits
July 21, 2019

Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. 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,...

Investments
Germany’s FlixMobility Reaches $2B Valuation With Massive Funding Round
July 19, 2019

German AI-driven mobility startup FlixMobility has raised $531 million in a new funding round, and is now valued at more than $2 billion, according to reports.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cross-border Payments
Jollypay Payment Platform Gets License To Operate In The UAE
July 19, 2019

Online payment system Jollypay has received a license to operate in the United Arab Emirates (UAE), and it’s one of the first foreign companies to do so, according to a release.   Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Walmart Announces Exec Changes To Support Omnichannel Retail
July 19, 2019

Walmart is making some organizational adjustments with its executives to help better integrate its retail store and digital operations, 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...

Cross-border Payments
BMW Teams With Tencent In China Self-Driving Tech Push
July 19, 2019

BMW has been expanding into China and developing autonomous technology for cars, so that it can be at the forefront of the technology when the self-driving wave hits the mainstream. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
SoftBank Ventures Asia Notches $270M To Fund Startups
July 19, 2019

The Seoul venture capital division of Japanese multinational holding company SoftBank has raised $270 million, or 317 billion won. 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...