News

Mobile Payments
RiverPay’s China UnionPay Mobile Initiative Gains Traction
June 18, 2019

Integrated payments and marketing platform RiverPay revealed that its staged merchant acquisition initiative with China UnionPay is growing in the North American retail industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Mobile Commerce
India’s MobiKwik Mobile Wallet To Go Global
June 18, 2019

Mobile wallet app MobiKwik announced that it is partnering with Singapore-based DT One to expand into international markets. 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...

Investments
Open Banking Co Token Receives $36.5M Investment
June 18, 2019

Turnkey open banking platform Token has received a $36.5 million investment from a few investors, including Opera Tech Ventures, which is the venture division of bank BNP Paribas. Other investors include banks in the Middle East and Southeast Asia, according to a release by the...

Security & Fraud
North Korea Dodges Sanctions With Crypto Heists And Cybercrime
June 18, 2019

Kim Jong Un’s regime in North Korea is thought to be relying more and more on cybercrime to gain access to foreign currency, according to a report by The Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Cannabis Drinks To Be On Tap In Canada This December
June 18, 2019

A cannabis joint venture plans to start selling different types of marijuana-infused beverages in Canada this 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...

B2B Payments
P2P Payments Set The Stage For B2B RTP
June 18, 2019

Are B2B payments ready for real-time speed? Bottomline Technologies’ Vice President of Product Management and Strategic Solutions Jessica Cheney explains how Zelle and P2P have helped set the stage for faster payments between corporates, cutting down on paper and manual tasks.

IPO
Direct IPOs Fire Shot Across ‘Old Economy’ Bow
June 17, 2019

Call it direct-to-consumer — in a way. Headed into this week, Slack is set to offer up shares in an action that differs from the traditional initial public offering (IPO) listing process. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Nordea Bank Under Investigation For Possible Money Laundering
June 17, 2019

Nordea Bank’s Danish headquarters was raided and searched by the country’s state prosecutor for potential ties to illegal money laundering, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Ripple Drops $50M Into MoneyGram
June 17, 2019

In what could be one of the first investments by a crypto-based firm in a major U.S. firm that is publicly traded, Ripple Inc. has arranged to invest up to $50 million in MoneyGram International Inc. Ripple is the company behind the XRP digital currency,...