International

International
Data Breaches Cost Companies $3.8 Million, On Average, Says Study
May 28, 2015

With cyberthieves increasingly targeting medical records and financial data around the globe, companies are finding the average cost of a data breach has been skyrocketing – and now tops $3.8 million on average, according to a recent study. Get the Full Story Complete the form...

Turkish Iyzico, the Stripe of the Region, Raises $6.2 million
May 28, 2015

Iyzico, a Turkish payment service provider for apps and e-commerce, has just raised a $6.2 million Series B, bringing up its total to $9.4 million since launched in May 2012, Techcrunch reports. The round was lead by International Finance Corporation (IFC- of the World Bank...

Ubimo Grabs $7.5M To Build Ad Campaign With Real-Time Data
May 28, 2015

While using location tech to up conversion rates is by no means a new or unheard-of notion, the former Googlers behind Ubimo are looking to take that further by adding user data to some other data points – weather, local events, etc. – to make ads...

UK’s May Retail Sales Top Economists’ Expectations
May 27, 2015

To everyone’s surprise, sales in the U.K. have boomed in May and are expected to hit their highest level in more than 26 years in June, according to Reuters. Retailers’ overall assessment of the business situation improved to +20, the highest since last August and up...

Ex-Citibank CEO Joins Bitcoin Startup Board
May 27, 2015

Xapo — a bitcoin services company based in Palo Alto that is in the midst of relocating its headquarters and operations to Switzerland — announced yesterday (May 26) that its board of directors has taken on several new members, including former Visa and Citibank executives...

Google Targets 20 Million Indian SMBs On The Net by 2017
May 27, 2015

Google wants to get as many as 20 million small and medium businesses in India onto the Internet over the next few years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
US Investigating UK Uber Payment Breach
May 26, 2015

Some British customers of Uber’s ridesharing app have claimed that money has been taken from accounts for rides they never took – a claim that has spurred U.S. authorities to look into how those users have been charged by the service. Get the Full Story...

Chinese Regulators Put Brakes on Facial-Recognition for Payment
May 26, 2015

“Say cheese?” The central bank in China says “no dice” — at least for new customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

International
Inside NSA’s Plans To Hack Smartphone App Stores
May 26, 2015

The National Security Agency, along with several U.S. allies, developed a covert plan to hack smartphones using Samsung and Google apps. The intelligence efforts – which sought to infect those apps with spyware in an effort to monitor and “misinform” targets – were disclosed Thursday...