Author: Sarim Pixako

Facebook and Cielo are requesting that Cade, Brazil’s antitrust watchdog, overturn the suspension of WhatsApp‘s payment system rollout in the country, Reuters reported. The companies argued that their agreements are not exclusive, and other countries would be allowed to forge agreements with WhatsApp as well. They also said they are not in the same business and had only entered into a financial … Continue reading Facebook, Cielo Ask Brazilian Watchdog To Allow WhatsApp Payments Continue Reading →

Santander is set to name, William Vereker, as its new UK chairman, reports the Financial Times. The appointment is expected to be approved later this week Vereker, who once worked as a business envoy for former prime minister Theresa May, joined JP Morgan five months ago. He will replace Shriti Vadera when she steps down … Continue reading Santander looks to William Vereker for UK chairman role Continue Reading →

To provide another contactless way for consumers to receive their orders, Domino’s Pizza, Inc. unveiled its Domino’s Carside Delivery service. The offering is a contactless carryout method that diners can opt for when they make their prepaid eCommerce orders and can be used at stores throughout the nation per an announcement. Diners who make a prepaid digital carryout … Continue reading Domino’s Rolls Out Carside Delivery Contactless Pickup Continue Reading →

  Planet Fitness shares fell 6.3 percent following reports of possible coronavirus infections at a West Virginia location, Bloomberg reported. The popular gym chain, like other types of retailers, had been trying to open up again following months of mandated lockdowns due to the virus. But one person testing positive for the virus has roiled those plans. … Continue reading Infection Report Causes Drop In Planet Fitness Shares Continue Reading →

The Financial Conduct Authority (FCA) has lifted restrictions on Wirecard Card Solutions, allowing the payments firm to resume activities. Wirecard’s UK operations were halted late last week The FCA announced on 29 June that the UK subsidiary of the beleaguered German firm was able to “meet certain conditions.” It adds: “This means customers will now, … Continue reading FCA lifts restrictions on Wirecard Card Solutions Continue Reading →

The Monetary Authority of Singapore (MAS) is collaborating with police to investigate Wirecard AG, the embattled German payment processing firm, Reuters reported. Singapore’s Commercial Affairs Department (CAD), the white-collar crime unit, has been probing Wirecard’s Singapore operations for 16 months, the news service reported. “In view of recent developments in Wirecard AG, the MAS and the … Continue reading Singapore’s Central Bank Helping Police Investigate Wirecard Continue Reading →

After the U.K.’s Financial Conduct Authority (FCA) mandated that Wirecard’s British Wirecard Card Solutions unit stop conducting regulated work, a number of consumers in the U.K. haven’t been able to get ahold of their cash, CNBC reported. The move affected multiple U.K. digital banking apps such as Anna, Curve, U Account and Pockit since they depend upon the … Continue reading British Digital Banking Apps Affected By Wirecard Subsidiary Freeze Continue Reading →

With the coronavirus still surging in the United States, Federal Reserve Chairman Jerome Powell is unsure about how the economy will fully recover, CNBC reports. In remarks he plans to deliver Tuesday (June 30) before the House Committee on Financial Services, Powell said output and employment “remain far below their pre-pandemic levels. The path forward for the economy is extraordinarily … Continue reading Fed’s Powell: Economic Recovery Depends On Virus Containment, Coordination Continue Reading →

In an effort to keep credit flowing amid uncertain economic conditions, FICO has unveiled its FICO Resilience Index. The tool is meant to complement the FICO Score and allow lenders to take into account an individual’s resiliency as they arrive at credit decisions, according to an announcement. FICO said lenders will many times contend with economic uncertainty by … Continue reading FICO Unveils Resilience Index Amid Uncertain Economic Conditions Continue Reading →

Lululemon has entered into an agreement to buy in-home fitness company MIRROR for $500 million, according to a Monday (June 29)  press release. MIRROR, launched in 2018, specializes in interactive classes and features live and on-demand services. The company has seen an upshot in growth since then, with demand increasing steadily. The MIRROR device, when turned off, looks … Continue reading Lululemon Enters Deal To Buy Interactive Fitness Firm MIRROR Continue Reading →