News

Payment Methods
CBD Companies Can Process Payments Through Square Now
May 23, 2019

Square, the digital payments company, is getting into the CBD market, launching a payment processing service for the industry. 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...

Ridesharing
Lyft App Now Offers Citi Bike Rental
May 23, 2019

Rideshare company Lyft has announced that Citi Bike has now been completely integrated into its smartphone app. In July 2018, Lyft acquired Motivate, the largest bikeshare operator in the U.S. and the parent company of Ford GoBike and Citi Bike. Lyft reportedly paid approximately $250...

Security & Fraud
Glitch Causes Deutsche Bank To Miss Suspicious Transactions
May 23, 2019

A software glitch that was in effect for almost a decade prevented Deutsche Bank from detecting potentially suspicious transactions that would be flagged for authorities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Payments Innovation
Bank/FinTech Harmony Sets Stage For AP Automation
May 23, 2019

The B2B space needs to transform from paper-based to automated process — and nowhere is this more apparent than with accounts payable (AP). As Jessica Moran, general manager of Paymode-X Business Solutions at Bottomline, tells Karen Webster, collaborations between banks and FinTech firms can smooth the...

Regulation
Germany’s Watchdog Tells N26 To Boost AML Measures
May 23, 2019

Germany’s financial markets watchdog BaFin has ordered FinTech N26 to boost its anti-money laundering (AML) controls. 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...

Retail
Treasury Sec., Walmart CFO Discuss China Trade War Price Effects
May 22, 2019

U.S. Treasury Secretary Steven Mnuchin told Congress on Wednesday (May 22) that he spoke with Walmart Chief Financial Officer Brett Biggs about the effects of the U.S.-China trade war on prices, according to a report by CNBC. Get the Full Story Complete the form to...

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...