News

Security & Fraud
Dozens Of Cybercrime Groups Found On Facebook
April 05, 2019

Dozens of cybercriminal groups have found a home on Facebook, using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit. Get the Full Story Complete...

Security & Fraud
Russian Bank Loses License Due To Money Laundering
April 05, 2019

A Russian bank with ties to a former U.S. congressman has lost its license amid money-laundering violations. 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...

Investments
Tandem Launches Fundraising For Expansion Plans
April 05, 2019

Startup bank Tandem is trying to secure a new investment to help its plans for overseas expansion. 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...

Global Payments
BharatPe Notches $15.5M In Funding; Eika Group Teams With EedenBull
April 05, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the $5 million Series A raise of Nigerian digital payments company Kudi. Norwegian banking alliance Eika Group is teaming up with EedenBull, India’s FinTech startup BharatPe notched $15.5 million in...

B2B Payments
OnDeck Launches Same Day ACH Service For SMB Borrowers
April 05, 2019

Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

IPO
Morgan Stanley To Oversee Early Trading For Uber IPO
April 05, 2019

Morgan Stanley will take on the role of stabilization agent for Uber when it goes public, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Hackers Stole AeroGrow Customer Credit Card Info
April 05, 2019

AeroGrow, maker of the at-home garden kit AeroGarden, has revealed that its website was infected with credit card scraping malware for more than four months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Funding Circle Decides To Close Troubled SME Income Fund
April 05, 2019

After months of strategy adjustments, loan defaults and shifts in market exposure, Funding Circle’s SME Income Fund is set to close, sending shares down for the alternative lending company Friday (April 5). Get the Full Story Complete the form to unlock this article and enjoy...

Banking
Bank of America To Update Branches In Response To Customer Behavior
April 05, 2019

Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...