News

Security & Fraud
Synthetic ID Fraud Becomes An Authentic Problem; Hits 60 Percent Of All Businesses
January 29, 2021

Synthetic identity fraud has been called one of the fastest-growing financial crimes in the U.S., costing financial institutions (FIs) north of $6 billion a year. By way of background, synthetic identities are most commonly created by combining real information, such as a legitimate Social Security...

Banking
Microservices Create New Payments Products And Solutions
January 29, 2021

It may not seem to be an easy connection to make, but as financial institutions (FIs) continue their quest for innovation, they may learn something from a toy: Legos. Because fashioning new payments initiatives must mean paying attention to the small details and approaching it...

Investments
Backlash: Retail Traders Sue Robinhood Over Suspension Of Buy Orders
January 29, 2021

Retail traders in two states have sued Robinhood, the app intended to make stock trading accessible, over the decision made to stop buy orders on GameStop (GME) stock and other “meme stocks” like AMC Theaters, in the current controversy involving Reddit and the stock market,...

Bitcoin
Bitcoin Daily: CoreLedger To Tokenize Argentinian Agriculture On Blockchain; Europol Arrests Crime Ring For Crypto...
January 28, 2021

Argentinian farmers, struggling amid a spate of hyperinflation and the economic effects of the pandemic, could end up finding relief through tokenization of agricultural assets with blockchain, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Today In Retail: Walmart Expands Advertising Offerings, Neiman Marcus Group To Invest In Supply Chain
January 28, 2021

In today’s top retail news, Walmart unveiled an extended purview and a new brand for its media business, while Neiman Marcus Group is investing in its supply chain. Plus, Walmart has chosen to bolster the number of stores that will also function as local fulfillment...

B2B Payments
SoftBank Earmarks $100 Million For Miami Tech Startups
January 28, 2021

SoftBank is planning to invest $100 million in Miami area startups, launching an initiative that will assist local tech companies and those looking to launch in the area, Bloomberg reported on Thursday (Jan. 28). Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Gift Cards, Loyalty Provider Factor4 Strikes Partnership With NCR
January 28, 2021

Gift card and loyalty solutions provider Factor4 is working with NCR Corporation in order to integrate Factor4’s gift card program with NCR’s Silver and Counterpoint point-of-sale (POS) solutions, according to a press release. Get the Full Story Complete the form to unlock this article and...

IPO
Coinbase Says It Will IPO Via Direct Listing
January 28, 2021

Coinbase plans to go public through a direct listing, bypassing the traditional initial public offering (IPO) method, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Chargebee, ION Partner On Subscription Billing Innovations
January 28, 2021

Chargebee, a subscription billing and revenue management program, is partnering with ION, which delivers business and financial transformation via software solutions, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...