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PYMNTS.com 12/06/2019 00:32
The Hainan Province in South China rolled out a series of measures to accelerate the blockchain space’s development, Xinhua reported. The measures will back the industry via technological application, social investment, talent cultivation, and other areas. They are said to be released by the first blockchain pilot zone of China in the Hainan pilot free trade […]
PYMNTS.com 12/05/2019 21:32
Silicon Valley-based Chime has raised $500 million in a Series E funding round that sent its valuation soaring to $5.8 billion, CNBC reported on Thursday (Dec. 5), citing sources. The funding, led by DST Global, is the largest individual equity investment for a challenger bank, surpassing NuBank’s $400 million, which was also led by DST […]
PYMNTS.com 12/05/2019 20:58
Uber has introduced a group ordering option, the company said in a blog post. “Whether you’re at the office, going to a friend’s place or hosting at home, coordinating group meals can be challenging — especially when you and your guests are hungry and the clock is ticking,” the company said. “Starting today, you can […]
PYMNTS.com 12/05/2019 20:39
In-house payments processing solution provider Workiz is targeting the field worker arena with its newest solution, WorkizPay. The tool, announced via press release on Thursday (Dec. 5), allows field service professionals to more quickly receive their payouts. Professionals who bank with Chase can receive payouts same-day, while those banking with other providers will see their […]
PYMNTS.com 12/05/2019 19:32
Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. What would you expect from an outfit named Evil Corp.? Sometimes, it seems, there is truth in advertising. The U.S. Department of Justice issued a multi-count indictment Thursday (Dec. 5) against two […]
PYMNTS.com 12/05/2019 18:29
A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. The season is being led by online shopping and early holiday sales, which the report defined as the three-week period that runs until Black Friday, a period […]
PYMNTS.com 12/05/2019 17:09
Credit union service organization CULedger has debuted its financial exchange for credit unions using R3’s Corda blockchain technology, the firms said in a press release Thursday (Dec. 5). Dubbed CUPay, the one-to-one financial exchange enables electronic funds transfers via blockchain for near-instant payments, both domestic and international, between credit unions and their members. CUPay was […]
PYMNTS.com 12/05/2019 16:17
Google is going to add package tracking to its search bar, according to a report by VentureBeat. The function won’t be limited by carrier, and any company will be able to add itself to the service. “People frequently come to Google Search looking to find information on the status of their packages,” Google said in […]
PYMNTS.com 12/05/2019 15:00
In today’s top news, the European Central Bank (ECB) has mulled using a public cryptocurrency if international payments inside of Europe stayed too costly. Also, Grab is introducing Asia’s first numberless card in batches. And Uber CEO Dara Khosrowshahi said the ride-hailing firm could potentially offer courier services for retail companies in the future. ECB Has […]
PYMNTS.com 12/05/2019 14:59
MoneyGram, in partnership with Visa, has expanded its debit card deposit service, which was launched in collaboration with Visa Direct, Visa’s real-time push payments platform, according to a release. The service now includes Spain and the Philippines. MoneyGram is also now the first company to allow cross-border transfers from the U.S. using Visa Direct. There […]
PYMNTS.com 12/05/2019 14:22
European Union finance ministers on Thursday (Dec. 5) agreed on strategy for anti-money laundering (AML) reforms and countering the financing of terrorism, Reuters reported. The European Council called for enhancements to AML rules and for the legislation to become national law. The EU also backed plans for “greater powers” to fight money laundering following disclosures […]

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