News

Digital Banking
UK Digital Bank Monzo Taps Visa Exec As US CEO 
December 03, 2019

London’s digital unicorn Monzo has appointed TS Anil to head U.S. operations as chief executive officer (CEO), Monzo said in a press release on Tuesday (Dec. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Faster Payments
How Instant Payments Ignited In Just Three Short Years
December 03, 2019

Real “hockey-sticking” ignition is a fairly rare phenomenon. 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 Today. By completing this form, you...

Partnerships / Acquisitions
What’s Next For Payments And Merchant Services Megamergers?
December 03, 2019

It’s been a wild ride for payment and merchant services in 2019. Big mergers have changed the landscape, instant and same-day payments are gaining ground, and integrated services and point-of-sale (POS) systems are reshaping transactions and even some business operations. Get the Full Story Complete...

Retail
Can Six Days Make (Or Break) The Holiday 2019 Shopping Season?
December 03, 2019

That Thanksgiving is shopping holiday, or at least a reasonable opening act for the four-day festival of commerce that commences on Black Friday and caps off on Cyber Monday, is pretty much accepted commerce cannon. What most people don’t realize is how long this has...

Investments
Singapore’s FinAccel FinTech Lands $90M To Grow Credit Lending App
December 03, 2019

Singapore-based FinAccel has raised $90 million in a funding round led by Asia Growth Fund (a joint venture between Mirae Asset and Naver) and Square Peg. Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora-InterVest, Mirae Asset Securities, Reinventure and DST Partners also participated in the...

Security & Fraud
FBI Warns Russian Apps Are Subject To ‘Cyber Exploitation’
December 02, 2019

The Federal Bureau of Investigation (FBI) has issued a warning about mobile apps developed in Russia, saying they could be a “potential counterintelligence threat.” The revelation was made when the agency addressed questions about face-editing photo app FaceApp, which was developed by St. Petersburg-based Wireless...

B2B Payments
SMB Lender Just Cashflow Adds Ebury FX Services
December 02, 2019

London specialty business lender Just Cashflow (JCF) is partnering with London FinTech Ebury to roll out foreign exchange (FX) services, Just Cashflow announced in a company blog.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Apple Could Start Staggering iPhone Releases Biannually
December 02, 2019

A prominent analyst, JPMorgan’s Samik Chatterjee, has suggested that Apple may alter the way it currently releases iPhones every year, splitting them into summer and fall releases instead of lumping them all together near the end of the year, according to reports. Get the Full...

Biometrics
Homeland Security: US Travelers Should Be Included In Facial Scans
December 02, 2019

The Department of Homeland Security (DHS) wants to update a current law requiring non-U.S. citizens to be subject to facial recognition scans while entering and leaving the country to include U.S. citizens, according to a report by TechCrunch. Get the Full Story Complete the form...