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PYMNTS.com 11/15/2019 18:40
The U.S. Securities and Exchange Commission (SEC) is reportedly looking into WeWork to determine whether the embattled company violated financial rules while it was gearing up for its IPO, according to a report by Bloomberg. The SEC’s enforcement arm is examining the company’s disclosures to investors amid reports of conflicts of interest and questionable fundraising […]
PYMNTS.com 11/15/2019 18:35
The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, said on Friday (Nov. 15) that the U.S. government is going to strictly oversee the implementation of rules that would force crypto exchanges, marketplaces and digital wallets to identify their customers when they do transactions over a certain monetary threshold, according to a report [...]
PYMNTS.com 11/15/2019 18:15
Toronto is giving Google’s parent company, Alphabet, the green light to create a smart city with its subsidiary Sidewalk Labs, Reuters reported Friday (Nov. 15). Sidewalk was granted permission by Waterfront Toronto to develop 12 acres. Final project evaluation and public input is scheduled for March 2020. Building is anticipated to start soon after. The […]
PYMNTS.com 11/15/2019 16:45
Barclays has raised its investment opinion of Grubhub, positing that a few key moves could significantly change the future outlook of the company, according to a report by Bloomberg. Shares in Grubhub bounced on the news as Barclays raised its opinion from underweight to overweight. Analyst Deepak Mathivanan said the “irrational competitive landscape” throughout the […]
PYMNTS.com 11/15/2019 16:00
Welcome to the PYMTS Weekender, where we recap the week’s biggest development in payments and commerce. This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and why Google is working more closely with financial institutions. The Weekender also includes the latest original research from PYMNTS. Top News Facebook Launches ‘Facebook Pay’ […]
PYMNTS.com 11/15/2019 15:16
In today’s top payments news, Walmart CEO Doug McMillon said eCommerce isn’t quite where it needs to be revenue-wise, but that it will be one day. Also, Grab CEO Anthony Tan said his company won’t go public until it’s profitable. Adyen Adds Card Issuing By Merchant Demand Dutch global payments platform Adyen announced that it’s launching […]
PYMNTS.com 11/15/2019 14:53
Walmart Canada has developed a blockchain-based network to facilitate logistics operations and payments, the company announced in a press release Thursday (Nov. 14). In collaboration with blockchain technology firm DLT Labs, Walmart Canada announced the development of a freight and payment network that allows participants on the platform to gain visibility into various logistics processes, […]
PYMNTS.com 11/15/2019 14:39
Apple is pulling all 181 vaping-related apps currently available on its App Store as health concerns mount over vaping-related illnesses and 42 vaping-related deaths, Axios reported on Friday (Nov. 15). The App Store has never allowed the direct sale of tobacco or vaping cartridges, but the ban applies to apps that offered vaping-related games, social […]
PYMNTS.com 11/15/2019 13:51
National direct bank CIT Bank is introducing eChecking, a new digital checking account with a wide variety of electronic transfer and payment solutions, the company announced in a press release on Friday (Nov. 15). The new accounts have no monthly fee and offer ATM fee reimbursement of up to $15 a month. Customers can use […]
PYMNTS.com 11/15/2019 12:43
As it seeks to build its power in the grocery sector, Amazon reportedly is lowering its prices for grocery delivery in Germany, according to a report from Reuters. According to the report, “Amazon said it would cut the monthly membership fee for fresh deliveries in Germany to 7.99 euros ($8.80) from 9.99 euros and also reduce […]
PYMNTS.com 11/15/2019 12:13
Apple criticized German lawmakers’ vote to pass new legislation that would force it to open up its mobile payment system to rival providers, Reuters reported on Friday (Nov. 15). The German Parliament passed new measures on Wednesday night (Nov. 13) to bring the country in line with European Union directives on money laundering. The law […]

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