News

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

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Airbnb Suffers Record Losses In Q2, IPO Still Planned
Airbnb Suffers Record Losses In Q2, IPO Still Planned
August 13, 2020  |  Earnings

Airbnb Inc. took a record hit in revenues in the second quarter (Q2) and its losses continued to mount as global travel was restricted to...

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Why FIs Are Taking Payments Multi-Cloud
Why FIs Are Taking Payments Multi-Cloud
August 13, 2020  |  Cloud Banking

With back-end digitization no longer an option for the financial services sector, adoption of cloud infrastructure is a vital — yet often painful — process...

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Driving Retail’s Rebound With A Human Capital Revamp
Driving Retail’s Rebound With A Human Capital Revamp
August 13, 2020  |  Retail

Retail has been among the sectors most dramatically impacted by the pandemic, though it’s impossible to paint the industry with a broad brush. With widespread...

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Fiserv: What It Will Take For Business To Finally Get Rid Of The Paper Check
Fiserv: What It Will Take For Business To Finally Get Rid Of The Paper Check
August 13, 2020  |  Payments Innovation

U.S. consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost...

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Bitcoin Daily: Venezuela May Collect Taxes In Crypto; Russian Agency Proposes AI To Track Crypto Transactions
Bitcoin Daily: Venezuela May Collect Taxes In Crypto; Russian Agency Proposes AI To Track Crypto...
August 12, 2020  |  Bitcoin

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. A group...

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Report: ByteDance Seeks TikTok Investment From India’s Reliance
Report: ByteDance Seeks TikTok Investment From India’s Reliance
August 12, 2020  |  Investments

ByteDance, the parent of assailed video-sharing app TikTok, is working with India’s Reliance Industries in order to save the company’s Indian business via a financial...

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In Germany, Cold Hard Cash Still the Way to Pay
In Germany, Cold Hard Cash Still the Way to Pay
August 12, 2020  |  Cash

Amid the great digital shift, there are still pockets of commerce — and even entire countries — where cash is king. As detailed by NPR, though at...

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Wirecard Kicked Off Germany’s Blue-Chip Index
Wirecard Kicked Off Germany’s Blue-Chip Index
August 12, 2020  |  Regulation

Exchange operator Deutsche Boerse will be removing Wirecard from the DAX index of leading German blue-chip stocks following a rule change, signaling another blow for...

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