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PYMNTS.com 02/17/2020 18:53
British digital bank Monzo, expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also preparing to try charging customers again to turn a profit. Monzo, a loss-making firm launched in 2015, has burned through cash in its attempt to grow and eventually launch in […]
PYMNTS.com 02/17/2020 17:25
Losses widened this past year for OYO Homes & Hotels, as the SoftBank-backed company tried to expand into China, according to Reuters. The losses the company reported were increased sixfold since March 2019. This comes after recent news about OYO having to lay off around 2,000 employees in India. The company hasn’t been profitable yet, […]
PYMNTS.com 02/17/2020 11:00
Brick-and-mortar retailers are bringing smaller-scale, cutting-edge technology to city locations. Sainsbury’s, for instance, has unveiled a new C-store format in London called On The Go. In eCommerce, Wine.com had a banner 2019, and the company expects more customer experience improvements in 2020 as they aim to engage a new generation of wine connoisseurs. All this, Today in Data. Data: $259: Price for a bottle of […]
PYMNTS.com 02/17/2020 09:30
Banks and bursars’ offices are doing their part to tamp down America’s ballooning college debt crisis … by disbursing tuition monies painfully slowly. The punchline isn’t all that funny, actually, as 21st century college lending remains mired in paper checks and legacy disbursement systems. It’s an upside-down situation, as accredited institutions are under legal mandate […]
PYMNTS.com 02/17/2020 09:00
In the U.K., increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. As reported by CNBC, and […]
PYMNTS.com 02/17/2020 08:00
Small businesses’ late payment pains know no borders. This week’s B2B Data Digest uncovers the global cash flow threat of extended supplier payment terms, with the matter reaching from the U.S. to Australia and beyond. Recent Bloomberg reports, for instance, highlighted the ongoing impact of the Sears bankruptcy on the retailer’s supplier base, which continues […]
PYMNTS.com 02/17/2020 08:00
Commerce is increasingly crossing borders and currencies, digitally, affording firms of all sizes, and across all verticals, opportunities to tap into new markets. Managing and executing payments globally can be a sticking point, though, as companies must grapple with fund flows across banks and supply chains, where fees accrue and processing times can be slow. […]
PYMNTS.com 02/17/2020 07:30
Bad actors are increasingly targeting transit companies’ loyalty programs and relying on stolen payment credentials, but tighter online authentication measures and artificial intelligence (AI)-powered solutions can put the brakes on that fraud. In the new Merchant Fraud Decisioning Playbook, Greyhound Lines Vice President of Strategy, Marketing and Customer Engagement Todd Koch explains how advanced learning tools are helping the 106-year-old bus company overhaul its security as it expands its purchasing channels.
PYMNTS.com 02/17/2020 04:00
Instant payments, digital commerce and banking across mobile devices are all gaining ground no matter where you look, geographically speaking. But among the most greenfield markets are those found in Latin America, where mobile devices may have high penetration, but traditional banking services do not. Consider the fact that the World Bank has estimated only […]
PYMNTS.com 02/17/2020 04:00
IoT technology has rapidly expanded beyond in-home devices into cities worldwide. Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years. Municipalities could utilize it for […]
PYMNTS.com 02/16/2020 22:58
China’s coronavirus is having a negative impact on the eurozone’s already-sluggish economy, and no one is confident that the U.S. Fed will leave interest rates alone until the end of the year. In addition, the outbreak of coronavirus brought copper’s rally to an end. Copper — sometimes seen as the bellwether for the global economy […]
PYMNTS.com 02/16/2020 22:14
Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Binance o-founder and CEO “CZ” Zhao Changpeng said they applied “pretty fast” and that the local Singaporean authorities they dealt with were known for being fair. The law will […]
PYMNTS.com 02/16/2020 21:19
Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is not OK, Broker News reported Friday (Feb. 14). The national business funder Scottish Pacific said in a press release Thursday (Feb. 13) that SMBs will soon face new risks for holding off on […]

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