News

B2B Payments
Amex GBT Taps B2B Payments Lead As New CEO
September 23, 2019

American Express Global Business Travel is appointing a new chief executive officer as the company shifts its energy towards technology investments, reports in Skift said Friday (Sept. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Some Fraudsters Go Low-Tech To Grab Credit Card, Personal Data
September 23, 2019

Paper checks, photocopies.  Fraudulent companies.  Banks and other firms may think payments fraud is all about BEC, but low-tech also has its place in the fraudsters’ arsenal, as some recent cases illustrate.

Payments Innovation
The Real-Time Payments Receivables Conundrum
September 23, 2019

P.T. Barnum perfected the art of showmanship, a reputation burnished by the spectacular fame of the traveling circus and side show that bore his name: the Ringling Bros. and Barnum & Baily Circus. Barnum grew a series of small but well-marketed performances of human oddities...

International
Chinese Businesses Will Be Subjected To Social Credit Surveillance
September 23, 2019

Big Brother will keep an eye on Chinese businesses as the government’s social credit system compiles data on the country’s 1.4 billion people, The New York Times reported on Sunday (Sept. 22). Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Foundry Group Leads $30M Seed Funding For Matchstick Ventures
September 22, 2019

Minneapolis-St. Paul-based Matchstick Ventures raised $30 million in a second seed funding round led by Foundry Group, reports said on Friday (Sept. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
Japan’s SoftBank Contemplates Investment In Brazil 
September 22, 2019

SoftBank Group is considering a gamble on Brazil and might advise high-growth firms to invest in the country, Reuters reported on Friday (Sept. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

eCommerce
PayPal Changes Seller Refund Fee Policy
September 22, 2019

PayPal has decided to once again collect a fee when a seller issues a refund. 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
Post-Data Breach, Ecuador Pushes For Stricter Privacy Laws
September 22, 2019

Ecuador’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
SoftBank To Push For WeWork CEO To Step Down
September 22, 2019

Investors and board members are growing weary of the behavior by WeWork’s CEO and co-founder Adam Neumann, and they are looking to force him out as the company moves toward an initial public offering (IPO), The Wall Street Journal reported Sunday (Sept. 22). Get the...