News

Investments
Flowhub Lands $23M To Automate Cannabis Compliance
October 16, 2019

Flowhub, a cannabis retail management software vendor, has raised $23 million in its bid to automate cannabis compliance. 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...

Investments
True Balance FinTech Targets India Market With $23M In Funding
October 16, 2019

South Korean startup True Balance announced that it has raised $23 million in a Series C funding round. Seven Korean investors — NH Investment & Securities, IBK Capital, D3 Jubilee Partners, SB Partners and Shinhan Capital, as well as existing partners IMM Investment and HB...

Investments
Walmart Takes Part In $71M Funding Of Smart Lock Firm
October 16, 2019

Smart lock startup Level Home has raised over $71 million in funding from Walmart, Hut 8 Ventures, and home construction and real estate company Lennar. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
German Discount Stores Disrupt US Grocery Space
October 15, 2019

With simpler stores that offer fewer products at lower prices, German discount chains Aldi and Lidl have increased their sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
Reserve Bank Of India Provides Guidelines For Payment Systems
October 15, 2019

The Reserve Bank of India (RBI) has set forth guidelines for “on tap” authorization for various payment systems, including the Bharat Bill Payment Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and White Label ATMs (WLAs). Get the Full Story Complete the form to unlock...

News
Top News In Payments: Contactless Payments Rise In UK; Libra’s Initial Members Sign Charter
October 15, 2019

Today in the payments news roundup, UK Finance data indicates that contactless payments in the country continue to grow. Also, the 21 initial members of the Libra Association formally signed the organization’s charter. And AMC Theaters, the largest movie theater chain in the U.S., is rolling out an on-demand video service. Get...

Security & Fraud
White-Hat Hacker Swipes 26M Stolen Credit Cards From Dark Web
October 15, 2019

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Deutsche Investigated For Five-Year Delay In Reporting Suspicious Transfers
October 15, 2019

Despite breaking off its relationship with Danske Bank in 2015, Deutsche Bank didn’t report more than a million suspect bank transfers until February of this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
Samsung, Mobeewave Partner On Contactless POS
October 15, 2019

Samsung has announced a partnership with Mobeewave for NFC-enabled contactless payment services on its smartphones, Samsung said in a news release on Tuesday (Oct. 15).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...