News

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

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China Eyes Apple App Store Over TikTok Tit-For-Tat
China Eyes Apple App Store Over TikTok Tit-For-Tat
August 18, 2020  |  Apple

Mounting tensions between the U.S. and China have spurred fears from Apple that China could shut down the company’s App Store in the country, 9to5Mac...

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Walmart Earnings Fuel Concerns Over Retail’s Stimulus-Fueled Recovery
Walmart Earnings Fuel Concerns Over Retail’s Stimulus-Fueled Recovery
August 18, 2020  |  Retail

In commerce as in life, progress is often either permanent or ephemeral. In which camp the fledgling U.S. retail recovery rests remains to be seen....

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Japan’s Oyo Hotel Startup Gets Management Help From Investor SoftBank
Japan’s Oyo Hotel Startup Gets Management Help From Investor SoftBank
August 18, 2020  |  Startups

SoftBank is dispatching officials to help one of its largest startups, Oyo, which is besieged by the pandemic’s economic effects, according to Bloomberg. Oyo Japan...

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Bitcoin Daily: Ukraine Busts Alleged Crypto Laundering Operation; Blockchain Shipping Platform TradeLens Expands
Bitcoin Daily: Ukraine Busts Alleged Crypto Laundering Operation; Blockchain Shipping Platform TradeLens Expands
August 18, 2020  |  Bitcoin

Binance helped catch a purported cybercrime organization behind an alleged $42 million laundering effort, according to a statement from the cryptocurrency exchange. The platform said...

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Judge Stops $175M Revlon Loan Payment For Citi
Judge Stops $175M Revlon Loan Payment For Citi
August 18, 2020  |  Legal

Citigroup‘s request to freeze around $175 million in funds that were paid to hedge fund manager Brigade Capital Management by mistake has been granted by...

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Reliance Buys Majority Stake In Pharma Delivery Company Netmeds
Reliance Buys Majority Stake In Pharma Delivery Company Netmeds
August 18, 2020  |  Partnerships / Acquisitions

Reliance Industries has acquired a major stake in Vitalic Health and subsidiary Netmeds, through the Reliance Retail Ventures Limited arm, CNBC TV-18 reports. The stake includes...

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Google Asks FCC For OK To Test 6G Service
Google Asks FCC For OK To Test 6G Service
August 18, 2020  |  Google

Google is asking the Federal Communications Commission (FCC) for permission to hold radio experiments “in and near the 6 GHz band,” according to a recent filing...

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Blackhawk Distributes Gift Cards To Health Workers In California
Blackhawk Distributes Gift Cards To Health Workers In California
August 18, 2020  |  Payment Methods

Payments provider Blackhawk Network is working with the California Governor’s Office of Emergency Services in order to facilitate speedy delivery of $25 million in necessary...

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Airports Consider How To Use Space Amid Falling Retail Sales
Airports Consider How To Use Space Amid Falling Retail Sales
August 18, 2020  |  Retail

The debilitating effect of the pandemic on airports has them revisiting how exactly they’ll use their retail space, The New York Times reported. Dr. Anthony...

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