News

B2B Payments
Procure-To-Pay Guides The Middle Market Into The Cloud
January 10, 2020

Though the middle market might have more resources than small businesses, many firms in this category are only just beginning their digitization journeys. As these businesses migrate to the cloud and upgrade their back-office systems, their service providers are tasked with finding the middle ground...

B2B Payments
How SMBs Can Address Late Payments — Before They Happen
January 10, 2020

Few small businesses (SMBs) are immune to the risk of delayed and late payments. With payment terms an age-old practice in B2B trade, ensuring trust between a buyer and supplier is essential for small vendors that provide goods and services — in the hope that...

Ridesharing
Germany’s FlixMobility Reports 37 Pct Boost In Transport App Users
January 10, 2020

FlixMobility, a German transport app, on Thursday reported a 37% increase in passenger travel in 2019. 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...

Delivery
Grubhub Denies Sale Rumors Amid Stock Drop
January 10, 2020

Grubhub is denying rumors that the food delivery startup is on the chopping block or considering an acquisition, triggering a 6.7 percent drop in share prices, according to reports on Thursday (Jan. 9). Get the Full Story Complete the form to unlock this article and...

Partnerships / Acquisitions
PayU Buys Majority Stake In India FinTech PaySense
January 10, 2020

Netherlands payments firm PayU is acquiring a majority equity stake in PaySense, at a valuation of $185 million, with the intention of merging it with Indian consumer lending business LazyPay, PayU announced on Friday (Jan. 10). Get the Full Story Complete the form to unlock...

Digital Banking
Thailand’s Siam Commercial Bank Teams With Ripple For Payment App
January 10, 2020

Siam Commercial Bank (SCB), Thailand’s oldest bank, is partnering with Ripple to upgrade their mobile banking app to include cross-border payments for the country’s 16,000 customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
ICO Fines Dixons Carphone £500K After Breach Affects 14M Consumers
January 10, 2020

Dixons Carphone is staring down the barrel of a £500,000 (about $650,000) fine by the Information Commissioner’s Office over an incident of compromised data that affected over 14 million customers, according to published reports Thursday (Jan. 9). Get the Full Story Complete the form to...

CFPB
CFPB Charges Student Loan Debt Relief Firms With Unlawful Behavior
January 10, 2020

The Consumer Finance Protection Bureau (CFPB) has filed lawsuits against several companies offering to forgive student loan debt for allegedly obtaining peoples’ data illegally, charging unlawful fees and engaging in “deceitful conduct,” an announcement said. Get the Full Story Complete the form to unlock this...

B2B Payments
UK Startup Earnt It Wants To Update Payroll Advances
January 10, 2020

U.K. payroll startup Earnt It wants to help the “millions of people in the U.K. who often resort to overdrafts, credit cards and payday loans to cover unexpected costs when they arise,” and those who can’t even gain access to money they’ve already earned, according...