News

Digital Banking
Tink Gets Investment From PayPal To Expand
June 04, 2019

Tink, the Swedish company that enables FinTechs to access customers’ financial data, has received an $11.2 million investment from PayPal Holdings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

eCommerce
Stripe Says SCA Puts Billions Of Online Sales At Risk
June 04, 2019

Amazon, Worldpay, and Stripe — the eCommerce and payment companies — are expressing concern that a lack of preparedness by the industry to new EU security regulations could put billions of dollars of eCommerce purchases at risk. Get the Full Story Complete the form to unlock...

Artificial Intelligence
Why AI Is MIA In Most FI Fraud Departments
June 04, 2019

In the old days, forged checks were the biggest problems that bank fraud departments had to manage. Today, financial institutions (FIs) face a barrage of cyberattacks from hackers operating around the world, continuously shifting their tactics. It is no wonder that fraud prevention is one...

Investments
Chewy Valued At Around $7B For IPO
June 03, 2019

PetSmart wants to take Chewy.com, its wildly successful online venture, public at a valuation of $7 billion, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Santander, eBay Partner On Loan App
June 03, 2019

Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off competition from not only larger companies but smaller ones as well, according to a report by the Financial Times. A FinTech app owned...

Regulation
DOJ, FTC Agree Over Jurisdiction Of Facebook, Google Oversight
June 03, 2019

The Department of Justice (DOJ) and the Federal Trade Commission (FTC) have come to an agreement over the jurisdiction of potential antitrust probes into Facebook and Google, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock...

Security & Fraud
Millions Of Health Records Compromised In Quest Hack
June 03, 2019

Patient records numbering around 11.9 million were compromised and exposed in a data breach of an agency that collects money for Quest Diagnostics and UnitedHealth Group, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Tech Giants’ Stocks Sink Amid Regulatory Probes
June 03, 2019

Shares in some tech giant companies fell on Monday (June 3) after news of potential oversight and antitrust investigations into the companies, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

eCommerce
Online Retail Pumps New Fuel Into Warehouse Growth
June 03, 2019

The rise of eCommerce has done much more than change the way consumers shop (which, in turn, has helped to change the way consumers think about payments). Online retail has had a tremendous impact on logistics, further evidence of which emerged on Monday (June 3)....