News

Banking
Commerzbank Keeps Open Mind On M&A
May 22, 2019

Even though a potential merger with Deutsche Bank fell through, Commerzbank CEO Martin Zielke said he’s still open to the possibility of merging with another bank, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy...

Biometrics
Amazon Shareholders Defend Facial Recognition Tech
May 22, 2019

At a meeting on Wednesday (May 22), Amazon Shareholders shot down two proposals to monitor and curb the eCommerce giant’s facial recognition service, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
EU Antitrust Chief Sees No Competition Issues With Google Shopping
May 22, 2019

European Competition Commissioner Margrethe Vestager said measures put in place for Google to boost competition in online shopping results appear to be working, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Shares In Luckin Coffee Dip Below IPO Price
May 22, 2019

Shares in Chinese coffee company Luckin fell below their IPO price on Wednesday (May 22), according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Delivery
Ola Refocuses Indian Food Delivery Business
May 22, 2019

Ola, the Indian ride-hailing startup, is overhauling its food business. 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...

Security & Fraud
Wirecard Partners With India To Create Digital Taxpayer ID Cards
May 22, 2019

Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards. Get the Full Story Complete the form to...

Global Payments
Thyngs Teams With CDS Global; Alipay Partners With Turkish FinTech
May 22, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Thyngs work with CDS Global to support contactless payments for subscriptions of magazines in the U.K. and Australia. Currencycloud is teaming with Lithuania’s Evarvest for cross-border payments, Alipay and ininal...

B2B Payments
Bill.com Debuts AI Business Payments Platform
May 22, 2019

Corporate payments technology firm Bill.com is rolling out a new platform designed to deploy artificial intelligence (AI) for automated workflows. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Truecaller Denies Hack As User Info Emerges On Dark Web
May 22, 2019

Data from Truecaller, the Swedish caller identity app company, is reportedly being sold in private internet forums, including data on customer phone numbers and email addresses of users around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited...