News

B2B Payments
SEC Fines KPMG $50M For ‘Ethical Failures’
June 18, 2019

Corporate auditing and accounting firm KPMG remains in the crosshairs of regulators in various parts of the globe. 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...

B2B Payments
UK SMB Challenger Bank Competition Ramps Up
June 18, 2019

U.K. challenger bank Tide is closing in on surpassing the market share of competitor The Co-Operative Bank, reports in AltFi said this week, highlighting the traction that new market entrants are gaining. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Strategic Sourcing Evolves Beyond Better Prices
June 18, 2019

Elevated from its position as merely a point through which money exits the enterprise, the procurement function is quickly becoming a strategic component of corporates in more ways than one. Thanks to digitization, companies can be more calculated on the vendors with whom they choose...

B2B Payments
In UK, FinTech Alliance Launches
June 18, 2019

Collaborative efforts between FinTech firms and traditional financial firms continue to gather steam. In the U.K., the FinTech Alliance debuted with more than 500 members. Elsewhere, Monzo crosses the Pond, and APIs make inroads into real estate.

B2B Payments
NY At Key Point In SMB Borrower Protection Fight
June 18, 2019

The New York state legislature will rule this week whether to move forward with a borrower protections bill for small businesses (SMBs), as allegations of predatory practices by merchant cash advance firms raise new concerns about mistreatment of small business borrowers, The Washington Post. Get...

Mobile Payments
RiverPay’s China UnionPay Mobile Initiative Gains Traction
June 18, 2019

Integrated payments and marketing platform RiverPay revealed that its staged merchant acquisition initiative with China UnionPay is growing in the North American retail industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Mobile Commerce
India’s MobiKwik Mobile Wallet To Go Global
June 18, 2019

Mobile wallet app MobiKwik announced that it is partnering with Singapore-based DT One to expand into international markets. 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
Open Banking Co Token Receives $36.5M Investment
June 18, 2019

Turnkey open banking platform Token has received a $36.5 million investment from a few investors, including Opera Tech Ventures, which is the venture division of bank BNP Paribas. Other investors include banks in the Middle East and Southeast Asia, according to a release by the...

Security & Fraud
North Korea Dodges Sanctions With Crypto Heists And Cybercrime
June 18, 2019

Kim Jong Un’s regime in North Korea is thought to be relying more and more on cybercrime to gain access to foreign currency, according to a report by The Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited...