News

Security & Fraud
Ex-Goldman Banker Extradited To US On 1MDB Charges
May 06, 2019

A former Goldman Sachs banker in Malaysia has been extradited to the U.S. to face charges stemming from the scandal at the 1MDB state fund. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Bigbasket Raises $150M As It Takes On Amazon, Flipkart
May 06, 2019

Bigbasket, the Indian online grocery store operator, raised $150 million in a fresh round of venture funding, valuing the company at more than $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Partnerships / Acquisitions
BAMS Taps Recurly For Subscription Tech
May 06, 2019

Bank of America Merchant Services announced Monday (May 6) a partnership with Recurly, which runs an enterprise subscription management platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
EU To Investigate Apple’s Music Service
May 06, 2019

Apple has landed in European Union regulators’ radar over a complaint by rival music streaming service Spotify, which has prompted a formal inquiry by the EU, according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
As Uber IPO Approaches, Challenges And Anxieties Abound
May 06, 2019

Here it comes, the big initial public offering (IPO) from Uber, a highly anticipated event set for Thursday (May 9). But there’s a lot to get through before it happens, including a possible strike, along with a reasonable level of concern about how investors will...

Retail
FinTech Firms Tackle PCI Burdens With Hosted Checkout
May 06, 2019

PCI compliance is top of mind for many organizations, with a burden and commitment from the chief financial officer (CFO) suite that is not nominal — and quite capital intensive. FinTech firms, however, are looking to lessen that work through their offerings: Modo, in one...

Retail
Target Unveils New Branding For Digital Ad Business
May 06, 2019

In a rebrand of its in-house media company, Target unveiled that the new name for the business would be Roundel. The company develops digital advertising for big businesses and brands, the StarTribune reported. Get the Full Story Complete the form to unlock this article and...

Retail
Taking The Pain Out Of Vacation Planning
May 06, 2019

The weather is warming, school years nationwide are winding down and the summer vacation season is creeping up. Somewhere between 50 and 70 percent of Americans will take some kind of vacation during the 12-week stretch between Memorial Day and Labor Day, depending on whether or...

Retail
When Loyalty Innovation Is On QSRs’ Menus
May 06, 2019

To create more convenient ordering experiences and build loyalty, quick-service restaurants (QSRs) are innovating with the help of digital and mobile technologies. Through revamped rewards offerings and mobile ordering experiences, QSRs are hard at work on bringing improved ordering and loyalty offerings into their brick-and-mortar...