News

Regulation
Congress Wants Digital Platforms To Release Their Algorithms – Why?
November 04, 2019

U.S. lawmakers proposed new legislation last week that would require internet platforms to more or less lay bare the intellectual property that drives their business model – their algorithms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Justice Department, SEC Investigating Under Armour
November 04, 2019

Baltimore-based Under Armour is being probed over its accounting practices by the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice, The Wall Street Journal (WSJ) reported on Sunday (Nov. 3). Get the Full Story Complete the form to unlock this article...

B2B Payments
RedCloud Launches OCR-Driven Payment Solution
November 04, 2019

RedCloud Technologies has announced the launch of its optical character recognition (OCR) driven digital collections and reconciliation payment solution. 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...

Security & Fraud
GIACT On Payments’ $29M Wire Fraud Wake-Up Call
November 04, 2019

Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants: The company was the victim of financial fraud to the tune of $29 million via a wire transfer gone bad. Get the Full...

Regulation
New Laws To Require LLCs To Disclose Owners’ Names
November 04, 2019

Proposals in both chambers of Congress would limit the use of anonymous shell companies, impacting small businesses in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
SMB Lending In Australia After Lending Standards Are Waived
November 03, 2019

Australia is making small business lending easier by waiving responsible lending standards for small firms. 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,...

Security & Fraud
CapOne Back Online After Major Outage
November 03, 2019

Capital One saw an outage on Friday (Nov. 1) that kept some of its customers from accessing their accounts and direct deposits, a technical issue that the company has resolved, CNET reported.  Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
CYBG Officially Renamed As Virgin Money UK
November 01, 2019

British financial institution CYBG was bought by Virgin over a year ago, and on Thursday (Oct. 31), it was renamed Virgin Money UK. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Moody’s Predicts Difficult Retail Landscape, Lowers Profit Forecast
November 01, 2019

A new report by Moody’s Investors Service predicts that growth for retailers will slow due to the costs of integrating eCommerce with brick-and-mortar operations as well as increasing price wars between companies, according to a report by CNBC. Get the Full Story Complete the form...