UK Competition Regulator Eyes Amazon, What Treasurers Want From Bank APIs and more What’s next in payments and commerce

  • What To Watch And Read This Weekend: Pandemic Edition
    by PYMNTS on July 11, 2020 at 8:00 am

    Like everyone else, the PYMNTS staff is working from home and using the weekends to catch up on books, streaming and movies. Here’s a sample of some of the more relevant selections we recommend. What We’re Reading, Fiction: “The End of October” This novel from “The Looming Tower” author Lawrence Wright is about a pandemic. While that

  • Zomato Sees COVID-19 Response Delivering Faster Profitability
    by PYMNTS on July 10, 2020 at 10:05 pm

    Indian food-delivery company Zomato weathered a decrease in revenue after COVID-19 hit — but at the same time saw an increase in profitability, founder and CEO Deepinder Goyal said in a blog post yesterday. The privately held company saw revenue for the fiscal year that ended March 31, 2020, increase to $394 million, up from

  • Coronavirus Refunds: 49ers Provide Reimbursement, Credit Options For Season Ticket Holders
    by PYMNTS on July 10, 2020 at 10:04 pm

    As the pandemic continues to disrupt everyday life the world over, consumers might want refunds on things they have already paid for but may not be able to use. Sports teams, for instance, are offering to provide reimbursements or credits for later use. The 49ers are allowing season ticket holders to credit their 2020 payments

  • This Week In Payments: Retail’s Digital Shift, Uber To Buy Postmates, The Digital Yuan Advances
    by PYMNTS on July 10, 2020 at 9:44 pm

    There was no shortage of news in payments and commerce this week, but perhaps the biggest news that didn’t make a headline was that this week marks the first full business week of a second half to what’s already been an incredible year. Jim Robinson, co-founder and partner at RRE Ventures, told Karen Webster during our

  • Google To Ban Ads For Spying
    by PYMNTS on July 10, 2020 at 9:23 pm

    Starting next month, Google will ban ads for products or services that secretly track people, the global technology company announced on Friday (July 10). “We constantly evaluate and update our ad policies to ensure we are protecting users,” Google said in a statement. “We routinely update our language with examples to help clarify what we

  • Amazon Retracts Request For Employees To Remove TikTok From Phones
    by PYMNTS on July 10, 2020 at 8:46 pm

    After asking employees to remove the TikTok app from their phones Friday morning (July 10), Amazon later said it sent the staff memo in error, The Wall Street Journal reported late Friday. According to memo that was later retracted, TikTok, the widely popular mobile video app, could be harmful on devices that are also connected to Amazon employees’

  • nCino Ups Its IPO To As Much As $253M
    by PYMNTS on July 10, 2020 at 8:34 pm

    The Wilmington, North Carolina-based company nCino Inc., a cloud-based software provider for financial institutions, has upped the amount it hopes to raise in an initial public offering (IPO), the company announced Friday (July 10). In a filing with the Securities and Exchange Commission (SEC), the startup reported it plans to raise as much as $253.5

  • Supply Chain Tech, ATOs, Stimulus Checks Top This Week’s News
    by PYMNTS on July 10, 2020 at 8:27 pm

    It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into global fruit supply chain technology, account takeovers (ATOs), and news on stimulus checks. Top News McConnell: Stimulus Checks An Option For Low-Income

  • Amazon Introduces Bigger Trucks For Pandemic-Era Deliveries
    by PYMNTS on July 10, 2020 at 8:23 pm

    Amazon has launched a new style of truck that is bigger and boxier, similar to those used by competitors at the United Parcel Service (UPS), Reuters reported. The company is working on fixing the delays in deliveries spurred by the pandemic. Because of those delays, some customers became irate and ended up switching to Walmart’s

  • Uber Lets California Drivers Set Fees
    by PYMNTS on July 10, 2020 at 8:15 pm

    In a move that will give more flexibility to its drivers, less predictability to passengers and potential legal protection for its parent company, Uber now is letting California drivers set their own rates — within limits. In a “driver announcement” on its blog, Uber wrote, “If you drive in these cities and choose to not


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