News

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...

Biometrics
Six Flags Biometrics Ruling Could Affect Facebook, Google
January 25, 2019

The Supreme Court in Illinois ruled on Friday (Jan. 25) that a teen can sue Six Flags amusement park over violation of an Illinois privacy law, in a case that could have repercussions for tech giants like Google and Facebook. Get the Full Story Complete...

Retail
Credit Suisse Out $60M After Chinese Boycott Of Canada Goose
January 25, 2019

Credit Suisse Group AG, a global financial services group, lost about $60 million after shares it held in Canada Goose plummeted in value during tensions between China and Canada over the arrest of Meng Wanzhou, an executive at Huawei, according to a report in Bloomberg....

International
Smartphone Makers Press India For Export Credits, Lower Tariffs
January 25, 2019

An association of smartphone manufacturers that includes Apple, Huawei, Oppo and Foxconn has submitted a 174-page report to the Indian government asking for export credits on units and tariff cuts on imported parts, according to Reuters. Get the Full Story Complete the form to unlock...

Investments
GO-JEK Seeks To Raise $2B In Funding
January 25, 2019

As Southeast Asia’s GO-JEK seeks to raise up to $2 billion of funding while it takes on Grab, the company has reportedly closed a portion of the round. Tencent, Google and JD.com, among some of the company’s existing investors, reportedly plan to invest roughly $920 million...

International
Financial Firms Form FinTech Cooperation Committee In Asia
January 25, 2019

To help FinTech startups, banks, and institutions exchange expertise, financial firms formed the Fintech Cooperation Committee in Singapore. Approximately 60 financial institutions became a part of the committee, including insurance companies, banks and asset management firms, The Straits Times reported. Get the Full Story Complete...

Partnerships / Acquisitions
Earthport: ‘Yes’ To Mastercard’s Higher Bid On Heels Of Visa’s Offer
January 25, 2019

Bidding wars can be a breathtaking sight on Wall Street. 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...

Retail
Nectar Sleep Beds Down With Mattress Warehouse; Starbucks Expands Delivery With Uber Eats
January 25, 2019

In a recent trend, eCommerce mattress brands have been moving into the world of brick-and-mortar retail by opening their own stores and pop-up shops to help let customers test-drive their products in real life. But some brands are choosing to make the move with the...