News

B2B Payments
KPMG Won’t Split Accounting, Auditing Units
May 20, 2019

Despite recommendations from a U.K. authority, KPMG revealed it would not split up its accounting and auditing units. 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...

B2B Payments
Chinese Firms Missing $6B In Cash
May 20, 2019

Regulators are taking action after more than $6 billion in cash has disappeared from the books of two Chinese companies, according to Nasdaq reports on Friday (May 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Data: Slovak Firms Among Europe’s Latest Payors
May 20, 2019

In Europe, companies grapple with late payments – but certain regions and countries lag in getting suppliers paid.  A new study finds Slovak firms among the worst offenders, while in the US, late payments from a seafood processor makes waves.

Investments
Why Anyone Can Be A Unicorn Now
May 20, 2019

It started with a postcard that was slipped under my front door in Boston last fall. 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...

Regulation
Deep Dive: Social Media Sites, Tech Firms And PSD2, GDPR
May 20, 2019

PSD2 and GDPR are changing all the rules when it comes to payments, presenting a unique opportunity for social media and technology companies to access customers’ information, data and money. These new regulations require banks to share their data with third parties, which have moved...

Mobile Commerce
Wallets Versus Stored Credentials: How Consumers Shop And Pay With Smartphones
May 20, 2019

Mobile commerce might just be the key to saving brick-and-mortar stores. 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, PYMNTS Today. By completing...

Merchant Innovation
Tim Berners-Lee On Building A New Web
May 20, 2019

For Sir Tim Berners-Lee, the man credited with inventing and giving away the World Wide Web protocol that shaped the internet as we know it today, the web at its best has always been about being decentralized. Get the Full Story Complete the form to...

Retail
Carrefour Mulls Selling Off Part Of China Business
May 19, 2019

Carrefour is reportedly looking into selling a minority stake in its business in China, and has already started speaking to potential buyers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
NY Seizes Municipal Credit Union After Embezzlement
May 19, 2019

New York’s Department of Financial Services seized Municipal Credit Union, New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. The move comes after its ex-Chief Executive Officer Kam Wong pleaded guilty to embezzling funds, reported Reuters. According...