News

Regulation
France To Allow And Regulate Crypto-Related Companies
July 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Get the Full Story Complete the form...

Security & Fraud
Bulgarian Cyberattack Swipes Millions Of Taxpayers’ Data
July 16, 2019

The finance minister in Bulgaria admitted that a hacker stole millions of people’s data, and that almost every taxpaying adult in the country was affected, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Payroll Fraud Could Cost KeyCorp $90M
July 16, 2019

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. Shares fell on the news. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Retailers See Big Rewards From Amazon Prime Day
July 16, 2019

Initial tallies of data from the 48-hour Amazon Prime Day show that other retailers have seen significant benefits, reporting online sales that were 64 percent higher than a typical Monday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
EU Antitrust Chief Set To Investigate Amazon’s Practices
July 16, 2019

Amazon will face a major investigation by EU Competition Commissioner Margrethe Vestager in the next few days, according to reports.  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
New Tool Allows UK Facebook Users To Report Ad Scams
July 16, 2019

Facebook has launched a tool for U.K. users to report suspicious ads that they suspect of being scams. 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...

Security & Fraud
Venezuelans Seek $30M In Crypto Ponzi Scheme Lawsuit
July 16, 2019

A group of Venezuelan nationals filed a fraud suit in Florida federal court claiming they were duped into a Ponzi scheme involving cryptocurrency purportedly backed by diamonds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Retail Packaging Recycling Innovation Goes Prime Time
July 16, 2019

As Prime Day continues to roll along, retailers are doing anything and everything possible to capture consumers suddenly inspired to go on a midsummer shopping spree. But while most retail innovators are wondering how much they can sell this week, Seattle-based recycling startup Ridwell is...

Retail
SMZDM’s Shares Skyrocket 44 Pct On First Trading Day
July 16, 2019

Joining a small portion of internet upstarts trading on mainland China’s public markets, SMZDM’s shares skyrocketed almost 44 percent on its first Shenzhen trading day. SMZDM, which stands for “what’s worth buying” in Chinese, is an online shopping guide that many people outside of China...