News

CFPB
CFPB Announces New Hires
May 14, 2019

The Consumer Financial Protection Bureau (CFPB) has announced additions to its senior leadership and executive teams via an emailed press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Offloading Cyber Defense Amid Tech’s Great Unknowns
May 14, 2019

Cyber insurance firm Coalition just raised $40 million in funding to boost staff, and a data platform that analyzes and underwrites cyber risk. CEO Joshua Motta tells Karen Webster that insurance helps firms eliminate the cost of breaches — and helping clients fix vulnerabilities, while...

CFPB
CFPB To Review Fed’s 2009 Overdraft Rule
May 13, 2019

The Consumer Financial Protection Bureau (CFPB) announced that is reviewing the Federal Reserve‘s overdraft protection rule to find out if it “should be amended or rescinded” to minimize “any significant economic impact” to small businesses (SMBs) and credit unions. The 2009 rule requires that financial...

IPO
Uber Stock Ends Day Two Down 10.7 Pct At $37.10
May 13, 2019

Day two, strike two, and more of the same for Uber. 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, PYMNTS Today. By completing...

Security & Fraud
Boost Mobile Notifies Customers Of Hacking Attack
May 13, 2019

Boost Mobile, a network owned by Sprint, has notified customers of a hacker attack that accessed an unknown number of accounts, according to a report. The company sent out a notification to its customers about the incident. “On March 14, 2019, Boost.com experienced unauthorized online...

Social Commerce
Popular Millennial Site Bleacher Report Dives Deep Into Sports Betting
May 13, 2019

Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC. Get the Full Story Complete the form to unlock this...

eCommerce
Adobe’s Magento Adds Google And Amazon Functionality
May 13, 2019

About two months ago, Adobe launched Commerce Cloud, which was an extension of its $1.68 billion acquisition of Magento in May of 2018. The Commerce Cloud is a fully managed cloud-based version of the Magento platform that is fully integrated with benchmark Adobe tools like...

Banking
Brazilian Bank To Launch Instant Payment Method
May 13, 2019

Itaú Unibanco Holding is Brazil’s largest lender, and on Monday (May 13) it announced that it’s going to launch a new QR code-based payment system by Q3 of 2019, according to a report by Reuters.   Get the Full Story Complete the form to unlock...

Global Payments
Motion Pay Teams With UnionPay; uBUCK Inks Letter With Datable
May 13, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Motion Pay Technology Inc.’s tie-up with UnionPay International to offer quick-response (QR) payments in Canada. uBUCK Technologies, a subsidiary of Canada’s LiteLink Technologies Inc., is intending to work with Datable...