Generally speaking, central banks hike rates when economic growth threatens to overheat, when inflation threatens to drive up the cost of living beyond desirability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Home rental marketplace Airbnb has acquired Hotel Tonight, a company that aids travelers in finding discounted hotel rooms, according to a report from Reuters. The move is a step toward expanding Airbnb’s business and attracting a wider customer base, including those who like to travel...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the State Bank of India (SBI)’s work with FSS (Financial Software and Systems) on “One Nation One Card.” The Chinese Consulate General rolled out mobile payments, AlipayHK has attained...
Marriott International Chief Executive Arne Sorenson appeared before a Senate subcommittee Thursday (March 7) to discuss the data breach of the Starwood Hotels reservation system, saying he doesn’t know if China was behind it. Get the Full Story Complete the form to unlock this article...
The Reserve Bank of India (RBI) made a move on Thursday (March 7) to relax the rules for white-label ATM operators, enabling them to purchase wholesale cash from the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes to money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Bird, the scooter sharing startup, is gearing up to roll out a new program in New Zealand, Canada and Latin America dubbed Bird Platform, in which it sells vehicles to entrepreneurs at cost and gets 20 percent of the ride revenue. Get the Full Story...
Equifax and Marriott executives are slated to appear before the Senate on Thursday (March 7) to discuss what lessons the two companies have learned from some of the largest data breaches to hit corporate America. Get the Full Story Complete the form to unlock this...
Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. to do so, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
