Europe

PayPal/eBay First To Bend To Russia’s New Data Rules
April 08, 2015

Despite complaints that the new rules are costly and difficult to follow, PayPal and its parent company eBay have announced that they will be the first U.S.-based companies to submit to new Russian rules that require Web companies to store Russian users’ data in Russia. Get the...

Community Car Rental Startup Drivy Raises $8.7M
April 03, 2015

Drivy is driving money. 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 form, you agree to receive marketing...

Europe
Uber To EU: We’re “Not A Transport Company”
April 02, 2015

Uber filed a complaint against Spain with European Union regulators this week, charging that the country violated E.U. laws by banning some of Uber’s services, The Wall Street Journal reported on Wednesday (April 1). Get the Full Story Complete the form to unlock this article...

Europe
EU Investigating eCommerce Trade Practices
March 27, 2015

The European Union will spend a year studying why online shoppers in the 28-nation Euro zone don’t often buy products outside their own countries in what’s supposed to be a single digital market, the EU’s competition commissioner announced on Thursday (March 26). Get the Full...

Monitise’s Proposed Sale Is Off (And Their co-CEO And Founder Is Stepping Down)
March 25, 2015

It looks like Monitise will not be going up for sale after all – though it will be getting along without its founder and co-CEO Alastair Lukies. His departure comes as the U.K.-based firm attempts to carry on after being unable to find an appropriate...

B2B Payments
UK Faster Payments Up 13 Percent
March 25, 2015

The U.K.’s Faster Payments Service is steadily nibbling away at the British equivalent of the U.S.’s ACH funds-transfer system, but it’s rapidly displacing checks, according to February statistics from the U.K. Payment Council reported by Cash & Treasury Management File. Get the Full Story Complete...

Opentabs Taps PayPal For Mobile Ordering
March 25, 2015

German mobile-ordering and payment app Opentabs has added PayPal to its options for restaurant and bar payment, Mobile Commerce Daily reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

UK Government Pushes Digital Currency Regulation
March 19, 2015

The U.K. government plans to impose anti-money laundering (AML) regulations on bitcoin exchanges, beef up law-enforcement capabilities for spotting criminal use of digital currencies, and work with the digital currency industry on consumer protection standards, according to a British Treasury report issued this month. Get...

GoCardless Goes Without Another Founder​
March 18, 2015

And then there was one for GoCardless. 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 form, you agree...