News

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

Source: pymnts.com

UK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle

UK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle
UK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle
July 09, 2020  |  Legal & Regulation

The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of customers out of...

READ MORE >
UN Rule Mandates Connected Cars Be Secured Against Cyberattacks
UN Rule Mandates Connected Cars Be Secured Against Cyberattacks
July 09, 2020  |  Legal & Regulation

A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other places, to be...

READ MORE >
Some Creditors Reportedly Oppose AMC Deal To Avoid Bankruptcy
Some Creditors Reportedly Oppose AMC Deal To Avoid Bankruptcy
July 09, 2020  |  Retail

Movie-theater giant AMC Entertainment Holdings’ reported deal to avoid bankruptcy is running into a roadblock as some creditors oppose the deal, according to Bloomberg News. Get...

READ MORE >
Bitcoin Daily: Chinese Police Seize $15M, Luxury Cars In Crypto Scam Probe; CENTRE Blacklists Address, Freezes $100K Of Stablecoin At Request Of Law Enforcement
Bitcoin Daily: Chinese Police Seize $15M, Luxury Cars In Crypto Scam Probe; CENTRE Blacklists Address,...
July 09, 2020  |  Bitcoin

Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported....

READ MORE >
Consumer Mobile App Use Increased 40 Pct During Lockdown
Consumer Mobile App Use Increased 40 Pct During Lockdown
July 09, 2020  |  Mobile

The pandemic saw an all-time high record of mobile app usage, according to market data from App Annie. Get the Full Story Complete the form...

READ MORE >
Coronavirus Refunds: Kansas City Chiefs Provide Reimbursement, Credit Options To Season Ticket Holders
Coronavirus Refunds: Kansas City Chiefs Provide Reimbursement, Credit Options To Season Ticket Holders
July 09, 2020  |  Economy

As the pandemic continues to disrupt everyday life the world over, consumers might want refunds on things they have already paid for but may not...

READ MORE >
Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
July 09, 2020  |  Banking

As it tightens the requirements for some mortgage transactions, Wells Fargo is mandating that new customers seeking to refinance a jumbo mortgage take $1 million in balances...

READ MORE >
Bitfinex Must Answer NY AG Allegations It Hid Over $800M In Lost Funds
Bitfinex Must Answer NY AG Allegations It Hid Over $800M In Lost Funds
July 09, 2020  |  Cybersecurity

Cryptocurrency exchange Bitfinex must answer allegations by the state of New York that the Hong Kong-based company hid more than $800 million in losses of...

READ MORE >