News

B2B Payments
Visa: Business Payments Network Paves ‘Highway’ For B2B Payments
August 05, 2019

Paper dominates B2B processes, and manual labor, too.  The road to getting suppliers paid is not a straight one.  Visa's Taira Hall, vice president of U.S. Partnerships and New Initiatives, tells Karen Webster the BPN platform launched with Billtrust, newly joined by JPMorgan, speeds B2B...

Security & Fraud
KYB, Shell Companies And Pot Payments Gone Rogue
August 05, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Walmart’s Answer To Facebook’s Libra: The Walmart Coin
August 05, 2019

There are many ways to introduce an idea to the world. 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...

Investments
Reliance To Invest $42M For 87.6 Pct. Stake In Fynd
August 05, 2019

Indian company Reliance Industries revealed that is acquiring a 87.6 percent stake in Fynd for 2.95 billion Indian rupees ($42.33 million). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Partnerships / Acquisitions
KKR To Acquire German Digital Payments Firm Heidelpay
August 04, 2019

Gobal investment firm KKR is acquiring a majority in German payments group Heidelpay for more than 600 million euros ($668 million), according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Questions Being Raised About Viability Of The Cloud For FinServ
August 04, 2019

The woman responsible for the Capital One hack reportedly pulled it off through a vulnerability in the cloud. 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...

Banking
Big Banks Don’t Want Fed’s Real Time Payments Rails
August 04, 2019

Big banks aren’t happy with the Federal Reserve’s plan to update its payments system that would allow for almost instant transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Delivery
UPS, FedEx To Use Lower-Paid Drivers For Sunday Deliveries
August 04, 2019

FedEx and UPS are striving to make Sundays part of their delivery systems, The Wall Street Journal reported Sunday (Aug. 4). Sunday drivers will earn less money than those who deliver Monday through Saturday. Get the Full Story Complete the form to unlock this article...

Security & Fraud
StockX Breach Hits 6.8M Customer Records
August 04, 2019

Apparel and shoe trading marketplace StockX was reportedly hacked, allegedly exposing sensitive information of more than 6.8 million users worldwide, TechCrunch reported on Saturday (Aug. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...