News

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

Source: pymnts.com

FinTech TerraPay Is Acquired, Raises $9.6M
FinTech TerraPay Is Acquired, Raises $9.6M
March 04, 2020  |  Partnerships / Acquisitions

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. Along with...

READ MORE >
Ex-US Bank Risk Officer Fined Over AML Compliance
Ex-US Bank Risk Officer Fined Over AML Compliance
March 04, 2020  |  AML

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. Bank, a subsidiary of U.S. Bancorp, with a...

READ MORE >
Incoming BoE Gov Scrutinizes Libra
Incoming BoE Gov Scrutinizes Libra
March 04, 2020  |  Cryptocurrency

Andrew Bailey, the incoming governor of the Bank of England (BoE), said that he wasn’t sure about Facebook’s proposed digital currency, Libra, because he wasn’t...

READ MORE >
Congress Closes $8B Deal To Fight COVID-19
Congress Closes $8B Deal To Fight COVID-19
March 04, 2020  |  Safety and Security

Congress reached a deal on Wednesday (March 4) for an $8.3 billion bipartisan emergency funding package to fight the Coronavirus, according to reports. The House...

READ MORE >
San Fran Close To Passing Vacant Retail Site Tax
San Fran Close To Passing Vacant Retail Site Tax
March 04, 2020  |  Retail

It was a big night in California for Biden and Sanders Tuesday (March 3). But if you’re a retailer — especially a small-to-mid sized retailer...

READ MORE >
Aussie Competition, Finance Regs Collab Against Late Payments
Aussie Competition, Finance Regs Collab Against Late Payments
March 04, 2020  |  B2B Payments

Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by big companies, according...

READ MORE >
Coronavirus Cases Surpass 1,000 in Japan; Amazon Office Worker Confirmed Case
Coronavirus Cases Surpass 1,000 in Japan; Amazon Office Worker Confirmed Case
March 04, 2020  |  International

The coronavirus could have wide-reaching effects on eCommerce, sporting events, travel, technology, and the economy as a whole. Here are the latest updates on the...

READ MORE >
Gauging Coronavirus Ripple Effects (And Limitations) On Interest Rates — And Borrowing
Gauging Coronavirus Ripple Effects (And Limitations) On Interest Rates — And Borrowing
March 04, 2020  |  Economy

This week has seen the twin impacts of panic and policy. Panic tied to the coronavirus, of course, and policy via the Fed, specifically, monetary...

READ MORE >
Today In Payments: Ant Financial Acquires Stake In Klarna; Coronavirus Crippling $1.7T Tourism Sector
Today In Payments: Ant Financial Acquires Stake In Klarna; Coronavirus Crippling $1.7T Tourism Sector
March 04, 2020  |  News

In today’s top payments news, Ant Financial has acquired a minority stake in FinTech Klarna, the coronavirus has crippled the $1.7 trillion global tourism industry,...

READ MORE >