News

Security & Fraud
Finastra Hacked, Forced To Shut Down Key Systems
March 20, 2020

Banking technology FinTech Finastra was hit with a security breach on Friday (March 20), and was forced to shutter key systems and send employees home, according to a report by KrebsonSecurity. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

News
Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News
March 20, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on...

News
Today In Payments: BoA Mortgage Customers Can Defer Payments; India’s Proposed Rules Will Force Big Tech...
March 20, 2020

In today’s top news, Bank of America will offer mortgage, credit card and other loan deferments to customers impacted by the coronavirus, and India is moving to tighten controls on Big Tech companies by requiring them to turn over data. Also, Airbnb is speaking with...

Retail
Apple Caps eCommerce iPhone Buys At Two Per Shopper
March 20, 2020

After Apple shuttered its physical stores outside of China amid the spread of the coronavirus around the world, the tech company is capping purchases of iPhones in its eCommerce shops in multiple countries to two handsets per person, Reuters reported. Get the Full Story Complete...

Retail
Starboard And eBay Escalate Boardroom Spat
March 20, 2020

There was plenty of boardroom drama on Thursday (March 19) between eBay and activist investor Starboard Value. The day started with Starboard nominating four new directors to eBay’s board, along with its a demand to find a new CEO. It ended with eBay firing back...

Retail
Walmart To Reward Workers With $550M In Bonuses Amid Coronavirus
March 20, 2020

To honor staffers who are maintaining stocks of supplies on shelves as shoppers visit locations in droves, Walmart said it would pay almost $550 million in bonuses to hourly workers. The retailer has experienced an increase in sales as consumers stock up on toilet paper,...

B2B Payments
How Opening Bank Data Can Transform SMB Lending
March 20, 2020

Open banking’s impact on small- to medium-sized businesses (SMBs) continues to proliferate as traditional financial institutions (FIs) embrace the opportunity to unlock data for third-party platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
B2B FinTech Embraces VC Amid Market Uncertainty
March 20, 2020

The current volatile business and economic climate is sure to have an impact on venture capital, but new analysis suggests startups shouldn’t fret too much about their investment prospects. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Weathering The Coronavirus Storm As A Small Travel Business
March 20, 2020

For small businesses in the travel booking and management space, staying on top of cash flow is critical, but nevertheless a major challenge for resource-strapped firms. It’s one of the reasons that software company Checkfront launched a decade ago, with investors earlier this month placing...