News

Banking
Danske Scandal Could Involve US Banks
November 14, 2018

A lawyer for the whistleblower in the Danske Bank money laundering scandal warns that investigators should look into whether major Western banks were involved. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cross-border Payments
Malaysian PM: Goldman Bankers ‘Cheated’ The Country
November 14, 2018

Malaysian Prime Minister Mahathir Mohamad has alleged that Goldman Sachs “cheated” the country regarding a state fund for 1Malaysia Development Bhd (1MDB), and that U.S. authorities will help return the fees the bank earned from the fund. Get the Full Story Complete the form to...

Investments
Alexa Fund Invests $5M In Parking Startup
November 13, 2018

ParkWhiz announced it has received an additional $5 million in equity to its recently-announced Series D financing, bringing the total funding round led by NewSpring Capital to $25 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payment Methods
Connecting The Dots On Paying With Connected Devices
November 13, 2018

Black Friday looms. The holidays loom. 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 this form, you agree to receive...

Global Payments
Western Union Teams With HKT Payment Limited, Maybank Brings QR Payments To KFC Malyasia
November 13, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes The Western Union Company’s tie-up with Hong Kong’s HKT Payment Limited for money transfers. In addition, MAYBANK is working with KFC Malaysia to bring QR code payments to restaurants in...

Retail
Chinese Consumers Favor Biometric Payments On Singles’ Day
November 13, 2018

Alibaba’s Singles’ Day shopping event on Nov. 11 was a huge success; with $30.8 billion in transactions, it surpassed Cyber Monday and Black Friday combined. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Amazon And Whole Foods Roll Out Thanksgiving Turkey Deals
November 13, 2018

Amazon and Whole Foods Market announced Tuesday (November 13) deals on turkey for Thanksgiving. 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...

Retail
Alibaba, JD.com And Singles Day’s Global Brand Consumption Grand Slam
November 13, 2018

Alibaba celebrated a milestone with its Singles Day this year. The popular Chinese shopping holiday turned 10. To top off the decade, the eCommerce retailer had some pretty big ambitions. It billed this year’s happening as “the largest ever in terms of scale and reach”...

Retail
Now On Tap: Apps As Discovery Platforms For Bars
November 13, 2018

Bar and event venues face a dilemma when it comes to finding customers: while social media helps them get discovered, there is a potential downside to using these platforms. “People don’t really see that unless they know you and they follow your restaurant or venue,”...