In today’s top payments news, Grubhub’s CEO says he is open to a merger, although no offers have been made yet, and Shanghai Disney Resort and McDonald’s close in response to coronavirus outbreak. Also, Google temporarily suspends all paid commercial extensions from being published or updated in the Chrome Web Store.
While denying rumors that Grubhub is looking to sell, CEO Matt Maloney said he is open to a merger, and thinks the food delivery space should consolidate this year. However, he said Grubhub hasn’t received any acquisition offers.
As the coronavirus continues to spread, China’s government is now advising residents to stay home, further hampering the slowing economy. Both Shanghai Disney Resort and McDonald’s locations in five Chinese cities have closed in response to the outbreak.
A spike in fraud has led Google to temporarily suspend all paid commercial extensions from being published or updated in the Chrome Web Store due to a spike in fraud in January.
At the World Economic Forum in Davos, Ripple CEO Brad Garlinghouse said initial public offerings (IPOs) will become more common for cryptocurrency and blockchain companies this year. Garlinghouse also said that Ripple might be one of those companies that could go public.
There are subscription services for every type of service out there. In a new PYMNTS discussion, Karen Webster caught up with Dan Burkhart, CEO and co-founder of Recurly, to get a sharper sense of what’s happening within the fast-moving world of subscription commerce and payments, and what’s coming over the horizon.
On the heels of Even’s new Financial Wellness Platform, Even CEO Jon Schlossberg tells PYMNTS about what it’s done with Walmart, where more than 400,000 Walmart associates and employees use the app, and how employees dedicating an amount from each paycheck toward specific goals can have similar metaphorical payoffs to working out.
For the CFPB, 2020 may be a landmark year. The agency said it will change the way it defines and addresses “abusive practices,” to clarify past vagueness, which could narrow the scope of what qualifies as abusive, and lead to fewer investigations and enforcement actions.