Mastercard has launched an in-car payment partnership aimed at Mercedes drivers in Germany. The collaboration will let customers use a fingerprint sensor in their car to make digital payments at more than 3,600 service stations in Germany, the companies announced Monday (Sept. 25). The deal makes Mercedes-Benz the first car...
Singapore’s banks are reportedly increasing customer scrutiny following a $1.8 billion money laundering scandal. As the Financial Times (FT) reported Saturday (Sept. 23), this added oversight is being applied to customers from a number of countries — China among them — with lenders also stepping up...
The Federal Reserve said last week that higher interest rates could stick around. As The Wall Street reported Sunday (Sept. 24), this “higher for longer” strategy could spell bad news for FinTechs like PayPal, Affirm and Robinhood, all of whom have seen their stock fall since the Fed raised rates. The report argues...
Do gamers want luxury gaming gear? With the notion that gamers have a taste for the finer things in life, global gaming brand Razer partnered with Italian luxury fashion house Dolce&Gabbana to introduce their collaborative collection during the RazerCon 2023 event. Brought to the stage...
Wall Street’s focus on FedEx has been trained on cost cutting, and as we profiled here in the immediate wake of earnings, investors have cheered the efforts, pushing the shares higher. But the latest earnings results also show that, despite a series of sequential monthly improvements,...
TikTok users not only browse TikTok but actively engage with its content. This trend has prompted brands and retailers of all scales to take notice and consider establishing their presence on the platform. In fact, earlier this month, PYMNTS spoke with Sujatha Mamidibathula, TikTok’s small- to...
The White House is reportedly considering the implementation of a new policy that would require cloud computing companies to disclose certain information about their customers to the U.S. government. The provision is part of an upcoming executive order on artificial intelligence (AI), aiming to enhance...
Dubai-based payment solutions provider Swipe2B has surpassed $2 billion in B2B supplier payments in the UAE. The company’s payment solution offers a range of benefits for buyers and suppliers alike, Swipe2B said in a Thursday (Sept. 21) press release. CEO and founder Amer Qavi developed a holistic solution that addresses...
On Wall Street, a “busted” IPO is one that’s simply defined — the stock trades below the initial offer price. At this writing, two of the most recent market entrants tied to key trends in payments and commerce in general — touching on platforms and...
