News

B2B Payments
Tencent Leads Funding For Open Banking Startup TrueLayer
June 05, 2019

Chinese tech conglomerate Tencent has led a funding round in U.K. open banking startup TrueLayer. 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,...

B2B Payments
UK Contractor Payroll Reforms Reignite Employee Definition Debate
June 05, 2019

The rise of the gig worker has shaken up the talent pool, with some far-reaching consequences — particularly as it relates to employment regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
SEC’s Top Accountant Role Left Vacant Ahead Of Standard Changes
June 05, 2019

As the Securities and Exchange Commission (SEC) readies to implement sweeping changes in accounting standards, the agency’s top accounting role has been left vacant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Several Banks Eye Blockchain For Trade Settlement
June 05, 2019

A group of 14 banks, led by UBS, is eyeing blockchain for trade settlement use across borders in a process that uses tokens. Elsewhere, blockchain is gaining traction in efforts to boost supply chain efficiencies across pharma and other verticals.

B2B Payments
The Data Security Challenge Of Procure-To-Pay
June 05, 2019

The digital transformation of the enterprise is ushering in a new era of efficiency, thanks to the opportunities that electronic data offers. However, the shift has also introduced the age of data silos, with back-office platforms struggling to connect and communicate with each other. Get...

Payments Innovation
Push Payments’ Path To Digital Innovation In The Developing World
June 05, 2019

Push payments have been a topic of conversation in the developed world for the last several years, across verticals and use cases. Riding the card rails in reverse has unlocked new opportunities to enable more efficient payments to policyholders from insurance companies, from consumers and...

South Asia
India Lawsuit Against Flipkart Highlights Discounting Concerns
June 05, 2019

Walmart, it seems, has found itself drawn into a legal struggle between its recent acquisition Flipkart and GOQii — an Indian maker of smartwatchesque health devices — over pricing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
JCrush’s Open Database Exposes 200K User Records
June 05, 2019

Dating app JCrush potentially exposed the records of around 200,000 users. The app, designed for the Jewish community, left the database open without a password, exposing user data and private messages, said security researchers Noam Rotem and Ran Locar, according to reports. In addition, none...

Retail
Alipay Merchants Triple In Europe
June 05, 2019

Alipay has tripled its number of merchants in Europe to “tens of thousands” in the past year. 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...