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

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Top News in Payments: Amazon Seeks Patent For Hand Recognition; Record Holiday Retail Sales

Top News in Payments: Amazon Seeks Patent For Hand Recognition; Record Holiday Retail Sales
Top News in Payments: Amazon Seeks Patent For Hand Recognition; Record Holiday Retail Sales
December 27, 2019  |  News

In today’s top news in payments, Amazon applied for a patent for hand recognition software, and retail sales reached new heights thanks to record online...

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Michaels Taps Walmart Exec As CEO; Shares Surge 32 Pct
Michaels Taps Walmart Exec As CEO; Shares Surge 32 Pct
December 27, 2019  |  Retail

Arts and crafts retailer Michaels has announced that Walmart executive Ashley Buchanan will be taking over as CEO from Mark Cosby, and shares jumped 15...

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ClassPass Seeks $285M In Funding, Will Hit Unicorn Status
ClassPass Seeks $285M In Funding, Will Hit Unicorn Status
December 27, 2019  |  Investments

With a new funding round that could bring its valuation to more than $1 billion, ClassPass, backed by Alphabet Inc. and Temasek, is aiming to raise $285 million....

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Self-Described Bitcoin Inventor Says He Can’t Access His Assets
Self-Described Bitcoin Inventor Says He Can’t Access His Assets
December 27, 2019  |  Bitcoin

Craig Wright, a man who claims he invented Bitcoin, was recently ordered by a judge in Florida to surrender around $3 billion of his holdings...

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LA Could Require Rideshares To Use Electric Vehicles
LA Could Require Rideshares To Use Electric Vehicles
December 27, 2019  |  Ridesharing

As Los Angeles aims to get additional electric vehicles on the roads and reduce emissions, the city is thinking about making rideshare platforms like Lyft...

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UK Regulator Launches Investigation Into Amazon’s Deliveroo Stake
UK Regulator Launches Investigation Into Amazon’s Deliveroo Stake
December 27, 2019  |  ANTITRUST

Amazon’s investment of around $500 million for a minority stake in food delivery startup Deliveroo is being investigated by the U.K. Competition and Markets Authority...

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UK Accounting Giants Reserve $212M For Possible Fines
UK Accounting Giants Reserve $212M For Possible Fines
December 27, 2019  |  B2B Payments

The U.K.’s so-called Big Four accounting giants — PwC, Deloitte, KPMG and EY — have reportedly set aside more than $212 million in preparation for...

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Metro Bank Struggles To Find A Buyer
Metro Bank Struggles To Find A Buyer
December 27, 2019  |  B2B Payments

U.K. challenger financial institution Metro Bank is struggling to find a buyer as potential suitors are turned off by the bank’s expensive business model, the...

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