News

Digital Banking
Hong Kong’s First Neobank Lures Consumers With High Deposit Rates
January 13, 2020

The first in a new line-up of 10 digital-only banks in Hong Kong has sweetened its consumer appeal with a 6 percent introductory rate for deposits. ZA Bank will pay a select depositors more than 3 percent above other banks, such as HSBC and Standard...

Digital Banking
Goldman Launches Mobile App For Marcus — Three Years Later
January 13, 2020

Goldman Sachs Group introduced its long-awaited app last week, according to Reuters. It will integrate with the financial giant’s digital bank Marcus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Casper Warns Social Media Celebs Could Pose Investment Risk
January 12, 2020

U.S. mattress-in-a-box company Casper has underscored the increasing power of social media influencers to propel or hinder brands. The firm, moreover, cited its own digital advocates as a potential risk factor to its initial public offering (IPO). Get the Full Story Complete the form to...

Ridesharing
Colombian Regulators Order Uber To Shut Down
January 12, 2020

Uber will cease operating in Colombia at the end of the month, the company said in a statement. 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...

B2B Payments
Senate Affirms Trump’s Jovita Carranza As SBA Chief
January 12, 2020

President Trump has tapped Jovita Carranza to lead the Small Business Administration (SBA), a move confirmed by the Senate in a bipartisan 88-5 vote, The Hill reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Security Group Warns Iranian Hackers Could Target US Electric Utilities
January 12, 2020

Iranian hacking groups are targeting U.S. electric systems, and intelligence officials worry that escalating tensions between the two countries could only make things worse in the future. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Merchant Innovation
Convenience Stores Elevate Their Food And Bev Offerings
January 12, 2020

America’s eating habits are seeing a shift towards gas stations and convenience stores, as many peoples’ favorite eateries include chains like Wawa, Sheetz and Kwik Trip now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Standard Chartered Backs China’s Linklogis
January 12, 2020

British bank Standard Chartered is investing an undisclosed amount in China’s supply chain platform Linklogis, earning an equity stake, and further enhancing its ongoing partnership, Standard Chartered announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Travelex Checking Employees’ Computers For Signs Of Ransomware
January 11, 2020

Some employees of Travelex, a company that was recently hit with a ransomware attack, were forced to hand over their laptops to technicians to see if their machines were infected and whether they can be fixed, according to a report by the Financial Times. Get...