News

Payments Innovation
The Real-Time Payments Receivables Conundrum
September 23, 2019

P.T. Barnum perfected the art of showmanship, a reputation burnished by the spectacular fame of the traveling circus and side show that bore his name: the Ringling Bros. and Barnum & Baily Circus. Barnum grew a series of small but well-marketed performances of human oddities...

International
Chinese Businesses Will Be Subjected To Social Credit Surveillance
September 23, 2019

Big Brother will keep an eye on Chinese businesses as the government’s social credit system compiles data on the country’s 1.4 billion people, The New York Times reported on Sunday (Sept. 22). Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Foundry Group Leads $30M Seed Funding For Matchstick Ventures
September 22, 2019

Minneapolis-St. Paul-based Matchstick Ventures raised $30 million in a second seed funding round led by Foundry Group, reports said on Friday (Sept. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
Japan’s SoftBank Contemplates Investment In Brazil 
September 22, 2019

SoftBank Group is considering a gamble on Brazil and might advise high-growth firms to invest in the country, Reuters reported on Friday (Sept. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

eCommerce
PayPal Changes Seller Refund Fee Policy
September 22, 2019

PayPal has decided to once again collect a fee when a seller issues a refund. 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,...

Security & Fraud
Post-Data Breach, Ecuador Pushes For Stricter Privacy Laws
September 22, 2019

Ecuador’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
SoftBank To Push For WeWork CEO To Step Down
September 22, 2019

Investors and board members are growing weary of the behavior by WeWork’s CEO and co-founder Adam Neumann, and they are looking to force him out as the company moves toward an initial public offering (IPO), The Wall Street Journal reported Sunday (Sept. 22). Get the...

Retail
Why Treehouses Rule The Airbnb Roost
September 21, 2019

Pop quiz: When you read the words “most popular Airbnb listing in history,” what is the first thought that pops into your mind? Maybe something painfully hip and urban – a Manhattan penthouse, Brooklyn brownstone or a San Francisco loft. Or perhaps your first thought was something really exotic –...

Partnerships / Acquisitions
Fitbit Reportedly Exploring Sale Of Business
September 20, 2019

Under its challenges of moving to smartwatches from fitness trackers, Fitbit has reportedly been in discussions with an investment bank surrounding the possibility of looking into a sale. The company is said to have had difficulty getting a foothold in the category of smartwatches as...