News

B2B Payments
PrismHR Links Employees To On-Demand Wages Via FinFit
February 01, 2019

Employee financial wellness company FinFit is integrating its technology into human resource management platform PrismHR, the firms announced on Thursday (Jan. 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Patisserie Valerie Saga Finds Fake Invoices
February 01, 2019

Ongoing investigations into the £40 million (nearly $52.4 million USD) fraud that felled Patisserie Valerie have found that fake invoices were involved. Elsewhere in the world, misuse of procurement cards has stirred investigations at several U.S. universities. Wirecard also slumped on the heels of fraud...

Banking
BoE Regs Find Accounting Mistakes At Metro Bank
February 01, 2019

Metro Bank is dealing with the fallout from the revelation that it misclassified a large number of commercial loans, with many predicting the resignation of some of the financial institution’s senior executives. According to Financial Times (FT), investors, industry figures and regulatory experts have said senior executives...

Cross-border Payments
Visa, Mastercard Still Locked Out Of China
February 01, 2019

Both Visa and Mastercard posted solid fourth quarter earnings and outperformed analyst estimates, yet the companies are still waiting for approval to do business in China. Though it’s been more than a year since each submitted applications to process payments in the $124 trillion market,...

How mPOS Helps Bag More Groceries
February 01, 2019

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Investments
SoftBank Backs Storage Startup Clutter In $250M+ Round
January 31, 2019

On-demand storage startup Clutter is raising between $200 million and $250 million in a funding round led by Softbank, according to a report in TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Lego Gearing Up For Big Expansion In China
January 31, 2019

Lego, the Danish toy company, is gearing up for a big expansion in China, reported Reuters. 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...

Retail
Walmart Canada Provides Consumers Access To Indian Merchants
January 31, 2019

Walmart Canada is teaming up with Myntra, the Indian fashion eCommerce platform of Flipkart, to hook up consumers and merchants in Canada and India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Standard Chartered Expands Africa Digital Bank Initiative
January 31, 2019

Standard Chartered announced Thursday (Jan. 31) that it has kicked off the second phase of its initiative to roll out a digital-only retail bank in Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...