News

B2B Payments
ICC Says Regulation Limits Trade Finance
May 29, 2019

UBS shed light this week on a persistent challenge in the traditional financial services 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 to our daily newsletter,...

B2B Payments
More Shippers On Board With TradeLens
May 29, 2019

IBM and Maersk see more shipping firms on board with the consortium for the TradeLens blockchain-based shipping solution. Elsewhere, Honeywell is leveraging blockchain to track aircraft components.

B2B Payments
Combating The Payday Loan With On-Demand Wages
May 29, 2019

FinTech firms that provide workers with wages on demand (i.e., before payday) emerged with the cash flow challenges of low-wage, hourly workers in mind. Yet, in the U.K., rising costs of payroll administration, intensifying compliance requirements and complex tax rules have led companies of all...

B2B Payments
Mastercard Targets SMB Travel With APAC Commercial Card
May 29, 2019

Mastercard is rolling out a commercial card product designed for small businesses across Asia Pacific in a new collaboration with United Overseas Bank (UOB), an announcement Tuesday (May 28) said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
UK Banks Create Money Pool To Refund Fraud Victims
May 29, 2019

A group of U.K. financial institutions are signing a voluntary code to refund consumer and small business victims for fraud schemes, the BBC reported on Tuesday (May 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fintech Investments
Robinhood Nearing A Valuation Of At Least $7 Billion
May 29, 2019

Robinhood Markets, the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Fintech Investments
Sureswipe Acquisition Aims To Cash In On Card Machine Growth
May 29, 2019

A group of investors has acquired Sureswipe, a South African payments company, for an undisclosed amount. 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...

Investments
Upsie Raises $5M For Revamped Warranty Program
May 29, 2019

Warranty service company Upsie has raised $5 million in new funding, led by True Ventures. Techstars Ventures, Matchstick Ventures, The Syndicate Fund, M25 and angel investor Marc Belton also participated in the round. Minneapolis, MN-based Upsie will use the new funding to revamp its service,...

Security & Fraud
Virus-Infected Laptop Sold As Artwork For $1.3M
May 29, 2019

Who says a virus-riddled laptop is useless? In fact, one person just paid $1.345 million to obtain an infected device — as a piece of artwork. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...