News

Regulation
The Dark Side Of India’s New eCommerce Rules
January 28, 2019

Barring any reprieve, Feb. 1 marks a sea change for India’s eCommerce sector. New rules may hobble giants like Amazon and Flipkart from offering discounts or investing in nascent marketplaces. Here’s why economic nationalism may trigger ripple effects no one will want.

Regulation
Merchants Gone Wild: The Surcharge Edition
January 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Porsche, BMW-Backed Urgent.ly Raises $21M For Roadside Assistance
January 28, 2019

Roadside assistance startup Urgent.ly has raised $21 million in a Series B round that included venture arms of BMW, Porsche and Jaguar Land Rover. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
India’s Reliance To Raise $563M To Take On Amazon, Walmart
January 27, 2019

Reliance Industrial Investments is gearing up to raise ₹4,000 crore to meet the company’s investment requirements and needs for funding, reported Deal Street Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Twitter Data Breach Prompts GDPR Investigation
January 25, 2019

The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. On Friday (Jan. 25), the DPC said it was again looking into the social media giant because of another breach notification it received from the company, according to a report from...

Regulation
Post-GDPR, Deliveroo Probed Over Data Security
January 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
Online Lender Enova Settles With CFPB
January 25, 2019

Through a settlement with online lender Enova International, Inc., The Consumer Financial Protection Bureau (CFPB) announced on Friday (Jan. 25) that the company would, among other conditions, pay a civil money penalty of $3.2 million. The company also is prohibited from initiating electronic fund transfers without valid...

B2B Payments
Fraud Makes Headway Via ‘Payroll Diversion’
January 25, 2019

Corporate fraud – from within the company, and from without – continues to make headlines and headway, with the past week having seen some revisits on stories from even a few years back. Get the Full Story Complete the form to unlock this article and...

Payment Methods
Microsoft Wallet App To Be ‘Retired’ On Feb. 28
January 25, 2019

Microsoft Wallet app, the company’s cashless mobile payment app, will be discontinued at the end of February, the company said on its website. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...