News

Security & Fraud
Some COVID-19 Relief Funds Went To Healthcare Cos Under Scrutiny For Possible Fraud, Report Says
May 03, 2020

The U.S. government’s massive payouts of financial aid to health care providers of Medicaid and other programs have inadvertently resulted in taxpayer dollars going to companies or individuals under criminal or civil legal investigation. Get the Full Story Complete the form to unlock this article...

Bitcoin
Bitcoin Daily: Block.one Gets Patent For DLT That Monetizes Social Media Posts; Bitfinex Seeks US...
May 03, 2020

Block.one, which is behind the EOSIO (EOS) protocol, now has a patent for a blockchain-based bidding system for promotional exposure for social media, according to Cointelegraph. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Ridesharing
Uber Revs Up Restart, Will Require US Drivers And Riders To Cover Faces
May 03, 2020

Drivers for Uber will soon be required to wear masks in several countries, including the U.S., the company said. 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...

B2B Payments
RBS Shutters Bó To Focus On SMB Challenger Bank Mettle
May 03, 2020

Bó, the digital bank developed by U.K. High Street lender Royal Bank of Scotland (RBS), is being closed down by the British state-backed lender NatWest, following a six-month opening launch, according to a Yahoo Finance UK report. Get the Full Story Complete the form to unlock this...

B2B Payments
Corporate Ransomware Payments Up In Remote Working Environment
May 03, 2020

Corporate ransomware payment amounts rose sharply in the first quarter of this year, with a wave of coronavirus-related attacks and other peripherally-related cases because of complexities with shifting to remote work for many people, according to a Coveware blog post. Get the Full Story Complete...

B2B Payments
GreenBox POS Enables Same Day ACH Deposits To Business Accounts
May 03, 2020

Payment solutions company GreenBox POS has announced a new Same Day ACH program to help businesses manage point of sale (POS) to business payments faster than usual, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Facebook Could Lose Accreditation Of Media Rating Council
May 01, 2020

Facebook Inc. advertisers probably won’t “like” its subpar rating from a media industry watchdog. 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 newsletter, PYMNTS...

News
The Post-Pandemic SMB Restart, Localized Payments, PPP Audits Top This Week’s News
May 01, 2020

It’s the end of the work week, 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 the small and medium-sized business (SMB) post-pandemic restart and localized payments in...

News
Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process...
May 01, 2020

In today’s top news, the U.S. savings rate surged in March due to the shaky coronavirus economy, and big banks have processed almost 500,000 applications for the second round of Paycheck Protection Program (PPP) loans. Plus, Visa reported earnings that show a strong shift to...