To streamline FinTech, and to help consumers and businesses transact in the ways they desire, firms must move beyond the silo approach. FinTech still exists as a fragmented market, where businesses striving to offer payment services to end users pick and choose among providers, integrate...
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European tech startups are getting a new source of funding thanks to a new $200 million investment from Japan-based SoftBank. The news comes as concern builds about young companies spending too much and not holding enough capital as worries about the global economy increase. Get...
The U.K. and other European nations are considering whether to impose restrictions on Chinese telecommunications giant Huawei, but the issue is complicated because it could delay the region’s adoption of 5G networks, according to a report by Bloomberg. Get the Full Story Complete the form...
Everyone knows the old joke about Whole Foods — the grocery store so expensive that it might as well be called “Whole Paycheck.” Whole Foods always maintained that nickname was unfair — but after the $6 asparagus water incident in 2015 it was hard to take...
Governments around the world have a new front in their fight against money laundering: real estate. 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...
So much of the focus on fraud these days involves exploiting holes in software, hacking into systems to steal personal information and payment data, or otherwise using digital methods in heists. But recent news involving “death-spiral financing” reminds us that fraud is still conducted in...
Etsy suffered a bill payment error in which a large amount of money was withdrawn from several of its sellers’ bank accounts and charged to their credit cards late last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In China, Reuters reports that banks have resisted “maxing” out their credit card business, eyeing consumer spending and the fact that credit card lending has become what the newswire calls a “risky supplement” to other loan activity. Get the Full Story Complete the form to unlock...
