News

B2B Payments
Next-Gen FinTech Takes On The Modern Solopreneur
August 13, 2021

The rise of mega-platforms like Uber created space for a new ecosystem of gig workers. The shift has massive implications for the labor market and regulations, as well as the strategies that everyday professionals use to manage their own funds. Get the Full Story Complete...

Security & Fraud
From COVID Passports To Online Alcohol Purchases, Digital ID Verification Should Come First
August 13, 2021

To get to a true digital-first economy, to have credentials in place that can be used across a variety of online activities and settings, online identity verification must be bound up with authentication. Get the Full Story Complete the form to unlock this article and...

International
UK’s EPA Chief Says Proposed ‘Consumer Duty’ Mandate Will Backfire, Stifle Innovation
August 13, 2021

“Notoriously difficult and hard to implement.” That’s the initial feedback from the head of the Emerging Payments Association (EPA), Tony Craddock, on a new set of rules put forth by the U.K.’s Financial Conduct Authority (FCA) that would dictate the “duty” that businesses have to...

Security & Fraud
Data Shows Employees Tried 65 Million Times To Export Source Code In Q2
August 12, 2021

Employees at various companies are increasingly taking sensitive computer code with them as they quit their jobs, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Partnerships / Acquisitions
Refinitiv: Global M&A Up 24 Pct Over 2020, Total Value Is $3.6T
August 12, 2021

Merger and acquisition (M&A) activity is at an all-time high, with the global value sitting at a record-shattering $3.6 trillion, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bitcoin
Bitcoin Daily: Ukraine Shuts Alleged Crypto-Laundering Network; Crypto Tax, Accounting Software Firm TaxBit Nets $130M
August 12, 2021

The Security Service of Ukraine (SBU) has shut down several cryptocurrency exchanges that were being used since the beginning of this year to anonymize transactions, Bleeping Computer reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Crypto Platform Poly Network Says Hacker Returned Much Of Taken Funds
August 12, 2021

The hacker or hackers behind the theft from Poly Network, which facilitates peer-to-peer (P2P) transactions, have now returned almost all the $613 million they stole, Reuters reported, as they claim they always intended to do. Get the Full Story Complete the form to unlock this...

B2B Payments
GSK Sorts Invoice Issues, Returns To Prompt Payment Code
August 12, 2021

GlaxoSmithKline (GSK) has been reinstated on the government-backed prompt payment code list after it failed to pay back invoices years ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Currencycloud Hires Lucinity To Fight Money Laundering
August 12, 2021

Currencycloud, which works in B2B cross-border payments, has contracted Lucinity to provide its Actor Intelligence solution as the newest compliance innovation to fight money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...