The European Union (EU) is introducing measures to reduce cross-border payment fees, which have emerged as a top pain point in the Eurozone when moving funds between a euro area Member State and a non-euro Member State. The effort is part of the European Commission’s...
Uber and rival ridesharing platforms like Lyft have taken off in the U.S. corporate travel segment in recent years, leading Uber to capitalize on the customer segment and develop Uber for Business. Now, that trend is spreading to new markets. Get the Full Story Complete...
Deutsche Bank has discovered a software glitch in its anti-money laundering (AML) processes as regulatory pressure continues to stress the global banking sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In an environment of relentless cyber threats, small businesses (SMBs) still too often feel they are not targets for cyberattacks and data breaches. Less than two years ago, Manta researchers found that only 16 percent of small business owners believed they were at risk of...
Square, the digital payments company, is getting into the CBD market, launching a payment processing service for the industry. 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...
Rideshare company Lyft has announced that Citi Bike has now been completely integrated into its smartphone app. In July 2018, Lyft acquired Motivate, the largest bikeshare operator in the U.S. and the parent company of Ford GoBike and Citi Bike. Lyft reportedly paid approximately $250...
A software glitch that was in effect for almost a decade prevented Deutsche Bank from detecting potentially suspicious transactions that would be flagged for authorities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The B2B space needs to transform from paper-based to automated process — and nowhere is this more apparent than with accounts payable (AP). As Jessica Moran, general manager of Paymode-X Business Solutions at Bottomline, tells Karen Webster, collaborations between banks and FinTech firms can smooth the...
Germany’s financial markets watchdog BaFin has ordered FinTech N26 to boost its anti-money laundering (AML) controls. 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...
