PYMNTS News in 90

In today’s top news, analysts lowered Wells Fargo’s rating, and N26 raised $100 million in funding amid the coronavirus pandemic.

In today’s top payments news, six men were convicted in Paris of an impersonation plot, and Wirecard partnered with Klarna to integrate digital payment methods.

In today’s top payments news, the Indian government has taken control of Yes Bank, and JPMorgan CEO Jamie Dimon is recovering from heart surgery.

In today’s top news, Ant Financial has acquired a minority stake in FinTech Klarna, and the coronavirus has crippled the $1.7 trillion global tourism industry.

Today’s top news includes Apple manufacturer Foxconn returning to production, and the Department of Justice charging two Chinese nationals with money laundering.

In top payments news, Alibaba and Ant Financial created a health app for the Chinese government, and AmEx reportedly used high-pressure tactics to boost sales.

Today’s top news: Walmart is working on a new paid subscription program, and Great Hill Partners acquired digital insurance payments solutions vendor One Inc.

In top payments news, U.S. companies in China warned revenue might be off by almost half due to the coronavirus, and Grubhub launched a subscription service.

In today’s top news, the stock market is way down due to the coronavirus, and an ex-Microsoft engineer is convicted of stealing $10 million in digital currency.

In top payments news, Amazon opened its first cashierless grocery store, Revolut raised $500 million and Mastercard said the coronavirus will impact revenue.

Today’s top news: Intuit is reportedly buying Credit Karma, and JPMorgan Chase is looking to open a digital bank in the U.K. by the end of the year.

Today’s top news finds LendingClub buying Radius Bancorp in a "transformative" deal, and Walmart reporting disappointing earnings due to tepid holiday sales.

Today’s top news: Alibaba has made almost $3 billion in loans available for companies hurt by the coronavirus, and Japan’s recent sales tax triggers fears of a recession.

In top payments news, the People’s Bank of China has filed more than 80 patents as it attempts to adopt a digital currency, and Fiserv introduced Scan to Pay.

In today’s top news, Mastercard was approved for bank card clearing in China, and Uber and Postmates lost a bid to stop California’s new gig economy law.

In today’s top news, Chinese tech investments in the U.S. have plummeted in recent years, and ransomware cyberattacks have skyrocketed.

In top payments news, Uber reported positive fourth quarter earnings, International Exchange will not buy eBay and Afterpay pushes back against regulation.

Today’s top news: the U.S. economy could lose $10.3 billion from the Chinese travel ban, and former Bank of France governor Christian Noyer said a centralized eCurrency is still at least a decade away.

In today’s top news, U.S. banks are expected to tighten standards for 2020 business loans, Wordline is buying rival payments firm Ingenico, and more.

Visa reported positive first-quarter earnings with 700 million Visa Direct transactions, and CFPB sued Citizens Bank for violating the Truth in Lending Act.

Facebook reports a 51 percent increase in expenses for 2019 in its Q4 earnings release, while Goldman focuses on expanding its digital consumer bank.v

In today’s top payments news, illegal activity with cryptocurrency is at a record high, U.S. airlines cancel China flights and Starbucks mobile orders are up.

In today’s top news, the U.K.’s FCA is questioning banks about recently spike overdraft fees and Yandex launches 15-minute grocery delivery in Moscow.

Top News In Payments: Grubhub CEO Open To Deals; Chinese Consumers Shut Wallets In Face Of Coronavirus

In today’s top payments news, The Clearing House is increasing the value limit for its real-time payments network, and Verizon is working with Synchrony.

Today’s top news: More companies are considering applying for one of five digital banking licenses in Malaysia, and Vodafone leaves the Libra Association.

In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent.

In today’s top payments news, Apple buys AI firm Xnor for $200 million, a NYC panel seeks $500 million for taxi drivers and Google updates for apparel.

In today’s top payments news, Amazon plans to invest $1 billion in small and medium-sized businesses in India, and Wells Fargo reports card spending growth.

In today’s top payments news, China is finalizing its rules for online banks, Mastercard names a new president of data and services and Visa buys Plaid.

In today’s top payments news, Wells Fargo tries to revamp its approach to technology, and Goldman Sachs launches a mobile app for online bank Marcus.

Today’s news: Grubhub denies claims that it is considering an acquisition, and Netherlands payments firm PayU buys a majority stake in India FinTech PaySense.

Today’s top news: Uber drops upfront pricing in California, and the central bank in China said it accepted an American Express application to start working in the country.

In today’s top news, CitiGroup named David Chubak to head its retail banking division and New York lawmakers proposed a public eBanking system similar to Venmo.

Today’s news: 2019 is on track to be the second-best year after 2011 for startups worth over $500 million, and Toyota unveiled plans for a smart city in Japan.

In today’s top news, China is facing a “capital winter” of venture funding slowdown, and the U.S. is preparing for a potential Iranian cyberattack.

In today’s top payments news, the U.S. Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool.

In today’s top news in payments, officials at the Federal Trade Commission are considering blocking Facebook’s app integration.

Mastercard announces the launch of a new instant, digital identification program, and Apple’s Tim Cook defends monopolies.

Policymakers at the ECB will meet to discuss launching their own electronic money. Also, Visa and MFS Africa team to connect Africa’s mobile wallets.

In today’s top payments news, SoftBank sells back its 50 percent stake in Wag, and Moody's predicts poor showing for department stores in 2020.

Goldman plans to launch a robo advisor for clients with lower capital, and Apple offers 0 percent installment financing on iPhones via the Apple Card.

In today’s top news in payments, Visa has announced it’s going to begin a new certification program in dispute resolution.

News: In today's payments news, the ECB has mulled using a public cryptocurrency if international payments inside of Europe stayed too costly.

In payments news, the CFPB seeks to boost the number of smaller banks and credit unions that wouldn't be governed by rules tied to global money transfers.

In today’s top payments news, Wells Fargo has selected former Santander head executive Scott Powell to be its new chief operating officer.

In today’s top payments news, millennials — as well as bridge millennials — were the big Black Friday spenders this year.

In today’s top payments news, over half of the 3,114 counties in the United States lost bank branches from 2012 to 2017.

In today's top payments news, India’s mobile payments startup Paytm secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant.

In today’s top payments news, SunTrust and BB&T have announced they have received the regulatory green light to become Truist Financial Corporation.

American Express is offering large cash incentives to companies to boost acceptance, and Didi Chuxing is planning to bring a robo-taxi service to Shanghai.