When Facebook’s Libra news broke like a tidal wave on the payments and commerce ecosystem a few weeks ago, there was no shortage of opinions about what it meant and whether or not it would take the world by storm. For Prajit Nanu, CEO at...
U.S. self-driving company Cruise revealed that a U.S. national security panel has approved a $2.25 billion investment by Japan’s SoftBank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
7-Eleven Japan had to suspend the mobile payments feature on its 7Pay app due to a security flaw that affected around 900 people. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
While there are many things to love about summer – vacations, the beach, BBQs, fireworks, amusement parks and so on – in most parts of the country, summer brings with it one problem that is impossible to ignore. Get the Full Story Complete the form...
Netflix, a Wall Street favorite, is facing some uncertainty for the future with the loss of its most popular show, “The Office,” and impending changes to the streaming landscape, according to a report by CNBC. Get the Full Story Complete the form to unlock this...
Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...
We hope you had a great holiday, and that you didn’t miss any important news this week from the world of payments and commerce. As always, the PYMNTS Weekender has you covered. Stories this week included Visa and Mastercard moves, a look at fireworks retail and...
Ireland’s central bank has fined Wells Fargo 5.9 million euros, according to a report by Reuters. The fine is the second biggest ever issued by the bank, and it’s for five breaches that happened between 2014 and 2019, which include failure to report the bank’s...
European Central Bank Supervisor Andrea Enria said that the banking system in Europe is operating with excess capacity, and that there should be some mergers to help with efficiency, but not to create bigger institutions, according to a report by Reuters. Get the Full Story...
