News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

Uber CEO Says Its Business Is Stronger Than WeWork

Uber CEO Says Its Business Is Stronger Than WeWork
Uber CEO Says Its Business Is Stronger Than WeWork
November 06, 2019  |  Ridesharing

At a New York Times DealBook conference on Wednesday (Nov. 6), Uber CEO Dara Khosrowshahi defended the company’s business, saying that it is viable and...

READ MORE >
IKEA, H&M Funding Tech Startups To Sidestep Retail Disruption
IKEA, H&M Funding Tech Startups To Sidestep Retail Disruption
November 06, 2019  |  Retail

IKEA and Hennes & Mauritz (H&M) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT)...

READ MORE >
Facebook To Enhance Encryption On Messenger Despite Regulators’ Protests
Facebook To Enhance Encryption On Messenger Despite Regulators’ Protests
November 06, 2019  |  Facebook

Facebook said it is going to enhance encryption capabilities on its Messenger communication platform, despite requests from lawmakers and regulators not to do so because...

READ MORE >
Amazon To Build $40M Robotics Innovation Hub Near Boston
Amazon To Build $40M Robotics Innovation Hub Near Boston
November 06, 2019  |  Amazon

Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing...

READ MORE >
China Tells eCommerce Companies To Stop Acting Like Monopolies
China Tells eCommerce Companies To Stop Acting Like Monopolies
November 06, 2019  |  ANTITRUST

Regulators in China have told eCommerce companies like Alibaba and JD.com to stop a monopolistic practice that makes merchants sign exclusive agreements, preventing them from...

READ MORE >
Apple’s Healthcare Offerings Get New Data Capability For Patients
Apple’s Healthcare Offerings Get New Data Capability For Patients
November 06, 2019  |  Apple

Healthcare stands as a fertile area for growth in payments and commerce, and the latest example of that comes from Apple. According to CNBC, the...

READ MORE >
JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts
JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts
November 06, 2019  |  Digital Banking

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg...

READ MORE >
Bank Of The West Links Business Customers To Brex Cards
Bank Of The West Links Business Customers To Brex Cards
November 06, 2019  |  B2B Payments

Commercial card startup Brex is collaborating with BNP Paribas subsidiary Bank of the West. Get the Full Story Complete the form to unlock this article...

READ MORE >
Top News In Payments: SoftBank Reports $6.5B Loss; FIS Sees Strong Merchant Sales In Q3
Top News In Payments: SoftBank Reports $6.5B Loss; FIS Sees Strong Merchant Sales In Q3
November 06, 2019  |  News

In today’s top payments news, Japan’s SoftBank reported a $6.5 billion loss on Wednesday (Nov. 6) with its first quarterly drop-off in 14 years. Also,...

READ MORE >