News

Partnerships / Acquisitions
MoneyGram Partners With Canada Post For Digital Money Transfers
June 07, 2019

MoneyGram and Canada Post have teamed up for a digital money transfer service that allows users to complete transactions at select Canada Post locations all over the country, according to a release. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
US AGs Prepare Probes Into Big Tech
June 07, 2019

The Wall Street Journal is reporting that state attorneys general are preparing to launch their own investigations into big tech companies like Facebook and Apple. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News
June 07, 2019

Yes, the weekend has arrived! We don’t know about you, but it was a busy week for PYMNTS, given all the news coming from the worlds of payments and commerce. Review our coverage, including stories about Stripe’s chargeback protection plan, the latest on open banking...

Delivery
FedEx Won’t Renew US Contract With Amazon
June 07, 2019

FedEx will not be renewing its express U.S. contract with Amazon, according to reports. The shipping company is calling the move a strategic decision. With the news, its stocks were down this morning (June 7). Get the Full Story Complete the form to unlock this...

Regulation
CFPB Pushes Pause On Payday Rule
June 07, 2019

The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. 19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday) rule, according to various reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
FSB Says Higher Bank Capital Requirements Will Remain
June 07, 2019

Europe’s Financial Stability Board (FSB) said on Friday (June 7) that higher bank capital requirements, which were put on the books during the financial crisis, will remain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Synapse Raises $33M As It Gears Up To Expand
June 07, 2019

Synapse, the startup that enables bank and FinTechs to create digital financial services, raised $33 million in venture funding. 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...

Retail
Luxury Fashion Brands Outspend Smaller Rivals On Social Media
June 07, 2019

Luxury fashion brands like Christian Dior, Louis Vuitton and Gucci are upping their social media game, especially on Instagram, and pouring real money into efforts to court young shoppers, according to a report by Reuters. Get the Full Story Complete the form to unlock this...

International
Huawei Ban Could Cost Europe $62B Extra For 5G Rollout
June 07, 2019

A ban on purchasing telecom equipment from Chinese companies including Huawei would add $62 billion to the expenses associated with Europe’s rollout of 5G networks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...