News

Regulation
FDA Warns Curaleaf About Unproven CBD Health Claims 
July 23, 2019

The Food and Drug Administration (FDA) has written a letter to Curaleaf regarding its alleged illegal selling of CBD products and its use of “unsubstantiated claims” about CBD being able to treat a range of ailments like cancer, Alzheimer’s disease, pain, pet anxiety and even...

International
PayPal Sets Up India Tech Center For Data Localization
July 23, 2019

Following mandates by the Reserve Bank of India (RBI), PayPal is opening a tech center in Hyderabad to ensure all data is stored exclusively on local servers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Vietnam Launches New Social Media App As Facebook Alternative
July 23, 2019

Vietnam is introducing a social network similar to Facebook after the Communist-ruled government asked domestic tech companies to create substitutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
US AG Wants Lawmakers To Have Access To Encrypted Messaging
July 23, 2019

William Barr, U.S. attorney general, made lengthy comments on Tuesday (July 23) about encrypted messaging and the need for law enforcement to have access to those messages if necessary, according to a report. Get the Full Story Complete the form to unlock this article and...

Investments
Tapcart Raises $4M For Mobile Shopping App Growth
July 23, 2019

Santa Monica-based tech startup Tapcart Inc., which helps businesses set up mobile shopping apps, completed a $4 million seed funding round led by venture firm Greycroft. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Scammers Hawk Bogus Libra Currency
July 23, 2019

Facebook’s Libra has not even officially rolled out, yet there are already fake outlets springing up. 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...

Retail
Alibaba Enables US SMBs To Sell In Its Marketplace
July 23, 2019

Chinese eCommerce giant Alibaba Group Holdings Ltd is welcoming small businesses in the U.S. to sell on Alibaba.com. 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...

Retail
Luckin Coffee Eyes Middle East, India Expansion
July 23, 2019

In its first international foray, Luckin Coffee reportedly plans to open coffee shops in India and the Middle East. The Chinese coffee company signed a memorandum of understanding to forge a joint venture with the Americana Group of Kuwait, Reuters reported. Get the Full Story...

Retail
Powering eCommerce Food Brands With Plants (And Brownie Points)
July 23, 2019

Entrepreneurs sometimes start companies to overcome personal culinary challenges: Coconut Whisk CEO and Founder Bella Lam, for instance, discovered it was difficult to find foods that she enjoyed after she became a vegan. One of those items was baking mixes: There wasn’t any product on...