News

Regulation
Motus On Mapping Mileage Reimbursement
December 18, 2018

Tax season looms. Firms would do well to examine the latest standard mileage rates published by the IRS — and more. Motus’ Chief Legal Officer steers PYMNTS to the questions that must be asked and answered along a journey toward compliance (and corporate strategies) tied to...

Security & Fraud
Hackers Unlock Phones Via 3D Printing
December 17, 2018

There’s a new method hackers can use to break into someone’s smartphone: create a 3D-print life-size replica of the owner’s head. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Wearables
Wearables To Reach 125.3M Units By Year End
December 17, 2018

New data is predicting that global shipments of wearable devices will reach 125.3 million units in 2018, a 8.5 percent increase from the previous year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
EBA To Banks: Prepare For Brexit
December 17, 2018

The European Banking Authority (EBA) told European banks on Monday (Dec. 17) to prepare for Brexit and the possible sudden withdrawal of Britain from the European Union, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and...

Regulation
France Anxious To Tax Apple, Google, Other Tech Giants
December 17, 2018

Bruno Le Maire, France’s economy minister, announced today (Dec. 17) that he wants France to start taxing big tech giants beginning Jan. 1, 2019, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Ridesharing
BMW Launches Ride-Hailing Service In China
December 17, 2018

BMW has launched a ride-hailing service in the Chinese city of Chengdu, the company reported. The luxury car brand is the first foreign company to get a license to operate a ride-hailing service in the country. Get the Full Story Complete the form to unlock...

International
Careem To Launch Food Delivery Service, Complete $500M Funding Round
December 17, 2018

Middle East-based ride-hailing company Careem is expanding its business into a delivery service, a tech outlet reported. 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...

Regulation
UBS Fined $14.5M For Violating Bank Secrecy Act
December 17, 2018

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has assessed a $14.5 million fine against UBS Financial Services (UBSFS) for willful violation of the Bank Secrecy Act, according to a treasury report. Get the Full Story Complete the...

Global Payments
De Lijn Taps Conduent For Fare Collection; Network International Rolls Out Google Pay
December 17, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Network International’s rollout of Google Pay acceptance in the United Arab Emirates. In addition, De Lijn has chosen Conduent Transportation for a new fare collection system in Belgium, and U.K....