PYMNTS

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CSI, Featurespace Team Up To Fight Money Laundering

PYMNTS

Computer Services, Inc. (CSI) is partnering with Featurespace to advance a new cybercrime solution to fight money laundering. WatchDOG AML is a “holistic” anti-money laundering ( AML ) solution that works to prevent financial crime by “identifying suspicious activity in real time with an enterprise transaction monitoring system,” the companies said in a statement on Monday (Nov. 30).

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Ericsson Says 5G Uptake Is Accelerating; COVID Highlights Need For Connectivity

PYMNTS

Swedish telecom equipment giant Ericsson said on Monday (Nov. 30) that the growth and uptake of 5G cellular technology is happening faster than expected, as device makers and service providers around the world accelerate their efforts to get better connectivity into consumers’ hands. As a result, Ericsson has raised its 2020 full-year forecast for 5G subscriptions by about 15 percent to 220 million units, citing a rapid embrace in China of the new tech as well as the impacts of the global pandem

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The 40 Percent Solution: How To Capture The Balance Of Retailing’s Holiday 2020

PYMNTS

In most years, Thanksgiving Weekend and Cyber Monday are a starting point for a lot of seasonal shoppers. This year, as has been observed many times in PYMNTS and other publications, however, is not like any other shopping season the U.S has ever experienced, thanks to the coronavirus pandemic and the digital shift for the U.S. consumer. That shift is perhaps more immediately observable during the most wonderful time of the year — wherein it seems from a spending perspective the holiday shopping

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Today In Payments Around The World: HungryPanda Lands $70M Million In Funding; Klarna To Provide Live Fashion Show

PYMNTS

In today’s top payments news around the world, United Kingdom-based food delivery platform HungryPanda has landed $70 million in funding, while Sweden-based Klarna is launching the live fashion show “Lifestyle” with the help of technology from Bambuser. Plus, the United Kingdom government is making a new Digital Markets Unit to enforce regulations that apply to Big Tech.

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Outback Steakhouse Debuts Curbside Gift Card Concierge

PYMNTS

Outback Steakhouse has rolled out a new “curbside concierge” option for holiday gift card shopping, according to a Monday (Nov. 30) announcement. The service, which the steakhouse restaurant chain describes as “simple, safe, and convenient,” will be provided between Nov. 30 and Dec. 24. Customers call ahead or go to their nearby restaurant and drive into a set gift card drive-up parking spot with the service.

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Biden Names Two Women To Round Out Economics Team

PYMNTS

President-elect Joe Biden rounded out his economics team on Monday (Nov. 30) by appointing two women to top posts. He also officially named Janet Yellen , former head of the Federal Reserve, as treasury secretary. “Biden is sending a clear message that economic policymaking in his administration will be shaped by liberal thinkers with a strong focus on worker empowerment as a tool for economic growth,” The New York Times reported.

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Iliad’s Niel Teams Up To Launch Organic Foods SPAC In France

PYMNTS

Iliad SA Founder Xavier Niel is teaming up with other investors to raise up to $360 million, or 300 million euros, to launch a blank-check company aimed at acquiring assets focused on sustainable and environmentally friendly consumer goods. Backers of the special purpose acquisition company, or SPAC, include Matthieu Pigasse, who leads Centerview Partners’ Paris office, and supermarket chain owner Moez-Alexandre Zouari.

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