News

B2B Payments
Bottomline Launches Open Banking API
August 07, 2019

Business payments technology firm Bottomline Technologies has rolled out a suite of services for banks to elevate their customer engagement with corporate services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Hong Kong Eyes New Phase of Open API Project
August 07, 2019

The Hong Kong Monetary Authority is set to launch the second phase of its Open API project. Separately, digital banking in Europe eyes corporate clients, and cloud banking gets an FI adherent.  

B2B Payments
Pressure Mounts On Big Four Auditors
August 07, 2019

The former chairman of the Australian Securities and Investments Commission has warned of Enron-style corporate collapses thanks to failings of the nation’s auditing industry, according to ABC.net news reports this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Post-Takeover, SMB Bank Penta Secures Latest Funding
August 07, 2019

About two years since launching its small business bank account service, challenger bank Penta announced new funding. 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...

International
Chinese Firms Grappling With $200B+ IOUs
August 07, 2019

The intensifying U.S. trade war with China has triggered an economic slowdown and cash shortage, with Chinese businesses forced to accept IOUs, The New York Times reported on Wednesday (Aug. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities
August 07, 2019

Snap, the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
REPORT: What Sharing Economy Platforms Don’t Get About Digital ID
August 07, 2019

Sharing economy platforms have permeated every aspect of consumers’ lives. Some 60.1 million Americans hitch rides through ridesharing offerings like Uber or Lyft, for example, and 41 million book travel or accommodations with homesharing services like Airbnb or Hotels.com. Meanwhile, 19.5 million use talent platforms...

Security & Fraud
Yelp Adds Tracking To Restaurants’ Phone Numbers For Grubhub Incentive
August 06, 2019

Vice is reporting that Yelp is changing phone numbers for Grubhub in order to let the company take a “referral fee” of between 15 to 20 percent without letting a restaurant know what’s happening. Get the Full Story Complete the form to unlock this article...

Investments
Cybersecurity Firm Cybereason Snags Another $200M From SoftBank
August 06, 2019

Cybereason has announced it has received a series of investments and commitments totaling $200 million by SoftBank Group Corp. and its affiliates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...