News

South Asia
India’s New Social Media Rules Would Strip Anonymity — When Asked — From Accounts
February 13, 2020

Controversial new rules by the Indian government could force Facebook, Twitter, TikTok and YouTube to reveal users’ identities, shattering anonymity for over 400 million people, according to Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
EU Slams Cyprus, Portugal Over AML Reform Delays
February 13, 2020

Cyprus, the Netherlands, Portugal and other countries are in trouble with the European Commission over their failure to implement new rules cracking down on money laundering, according to Reuters on Wednesday (Feb.12). Get the Full Story Complete the form to unlock this article and enjoy...

Digital Banking
NCR: How Platforms Enable Banks To Be ‘Digital-First’ Fast
February 13, 2020

To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Is No-Factor Authentication Digital Security’s Future?
February 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. Though not quite as ubiquitous as it was a few years ago, the challenge-based verification tool asks users...

Merchant Innovation
Farming’s AI, Data Driven (And Vertical) Tech Revolution
February 13, 2020

Farming has been around for thousands of years – tens of thousands of years, perhaps, according to some estimates. 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...

International
PBOC Patents Show China’s Push For Digital Money
February 13, 2020

The Peoples’ Bank of China has filed over 80 patents in its attempts to start its own digital currency, an extensive and elaborate plan to take the renmibi to the digital stage, according to published reports Wednesday (Feb.12). Get the Full Story Complete the form...

Partnerships / Acquisitions
PayPal And FIS Team On Loyalty Points Redemption
February 13, 2020

FIS and PayPal have expanded their partnership so that cardholders of institutions participating in the FIS Premium Payback network can use their rewards points to pay for things at PayPal merchants all around the world, according to a press release.  Get the Full Story Complete...

Banking
Goldman Sachs: To Compete, Bank Needs Top Tier Tech Talent
February 13, 2020

As it quickly strengthens the ranks of its engineering personnel, Goldman Sachs is competing with the largest tech firms for workers. Co-chief Information Officer George Lee said onstage during an event Wednesday (Feb. 12) that the investment firm has 10,000 developers, which comprises roughly 25...

International
The Coronavirus Is Making The Global Economy Sick
February 13, 2020

As the newsday ended on Wednesday (Feb. 12), the coronavirus that started in China’s Wuhan — now officially named COVID-19 — claimed its latest economic victim. The annual Mobile World Conference (MWC), scheduled in Barcelona for Feb. 24 through Feb. 27, has been officially called...