News

B2B Payments
CurrencyWave Launches Multi-Currency Account For SMBs
August 21, 2020

CurrencyWave, a Leeds-based cross-border payments firm, has launched a new multi-currency account to help remove borders from paying in foreign currencies for smaller firms, a report from Business Up North states. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Merchant Innovation
GetMyBoat: Why Boat Rentals Are Making A Splash This Summer
August 21, 2020

Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
The Impact of Mobile Card Apps On FI Customer Retention
August 21, 2020

The trend toward digitization in consumers’ lives isn’t new, but COVID-19 has accelerated it dramatically over the past several months. Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems’ Chief...

CFPB
TD Bank Agrees To Pay $122M In CFPB Overdraft Case
August 20, 2020

TD Bank has agreed to pay some $122 million to settle a case with the Consumer Finance Protection Bureau involving allegedly illegal overdraft practices, according to a administrative filing. The bank agreed to pay approximately $97 million to affected and a $25 million civil penalty....

Security & Fraud
Millions Of TikTok, Instagram, YouTube Profiles Left Exposed
August 20, 2020

A database of some 235 million YouTube, Instagram and TikTok profiles that was held by a now-shuttered company called Deep Social was left exposed without password protection or other authentication procedures, The Next Web reported on Thursday (Aug. 20). Get the Full Story Complete the...

International
India’s Consumers Struggle To Overcome Virus Shutdown
August 20, 2020

In heavily coronavirus-ravaged India, the people hit the hardest are those who have only just gotten into the middle class and those below them, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Drizly Notches $50M For Alcohol eCommerce And Delivery Platform
August 20, 2020

Drizly Group, which works in alcohol eCommerce and delivery, has closed a $50 million Series C funding round, 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...

IPO
Chinese Insurer Waterdrop Plans US IPO After $230M Funding Round
August 20, 2020

In a bid to grow its health insurance division and go public, Waterdrop Inc., a Hong Kong-based insurer, has raised $230 million in a funding round, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Delivery
Uber Health Partners With Nimble To Deliver Meds
August 20, 2020

Uber Health‘s delivery services are expanding to include pharmaceutical deliveries in some states, according to a press release from the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....