Saudi Arabia is introducing an eInvoicing and electronic payments platform designed to digitize government and business payments to suppliers. 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...
A fund, backed by some of Cambridge’s most well-known scientists, called Ahren Innovation Capital has raised about £200 million ($254 million USD) to invest in U.K. startups, and compete with U.S. investment companies to keep startups in the region, according to a report by the Financial...
Global tech companies like Google and Facebook have started lobbying against the U.K.’s proposed “duty of care” rules meant to prevent online harms, the Financial Times reported. The Internet Association (IA) — based in Washington, and including Google, Facebook, Microsoft and Twitter — said the...
When Amazon first launched Prime Day in July 2015 to celebrate its 20-year eCommerce anniversary, the world was not at first sure what to make of the impromptu sales holiday. Some were enraptured to have a summertime Black Friday, some accused Amazon of ripping off...
The European Union is going to approve the Fidelity National Information Services Inc (FIS) $35 billion dollar bid for payments outfit Worldpay with unconditional antitrust approval, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy...
In payments fraud, it pays — literally — to change up the game a bit. 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,...
In response to plans by regulators to require banks to conduct more detailed credit checks in lieu of depending upon indices, banks in Australia are pushing back. The No. 2 lender, for instance, claims it’s not feasible to make such checks, Reuters reported. Get the...
The government in Zimbabwe has said it will allow citizens of the country to withdraw amounts up to $1,000 from foreign currency accounts, in a move to help while the country shifts to new currency to fight rampant hyperinflation and unemployment. Get the Full Story...
Facebook’s announcement of Libra late last month has spurred greater regulatory oversight of cryptocurrencies, with a particular eye on who may be bringing those cryptos into the larger payments ecosystem. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
