News

Security & Fraud
The Chipotle Hack And The Troubling Trend Of Credential Stuffing
April 24, 2019

The news out of Chipotle feels a bit like déjà vu, as it’s a story we’ve all heard before. Reports have appeared all over social media, particularly via Reddit and Twitter, about Chipotle user accounts being pirated, with hundreds of dollars’ worth of food ordered...

Payments Innovation
How GDPR Is Testing The Homesharing Market
April 24, 2019

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 this form, you agree to receive marketing communications from PYMNTS and...

Banking
Hecklers Taunt Wells CEO During Annual Meeting
April 24, 2019

Wells Fargo‘s interim CEO faced critics at the company’s annual meeting in Dallas. C. Allen Parker was interrupted more than a dozen times during his opening remarks, with hecklers shouting “frauds” and “criminals” as he tried to speak. “Wells Fargo, you cannot be trusted,” one...

Banking
New Wealthfront Cash Accounts Bring In $1B Since Feb
April 24, 2019

Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give customers a higher-than-average, 2.24 percent interest rate. Now, because of the company’s billion-dollar achievement, Wealthfront is raising the interest rates to 2.29 percent. “Once...

CFPB
CFPB Updates Policy For Civil Investigative Demands
April 24, 2019

The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
SoftBank Mulls Stake In Wirecard
April 24, 2019

SoftBank is considering investing in German financial company Wirecard, according to Bloomberg. 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...

Delivery
Postmates Expands Delivery To 1,000 More Cities
April 23, 2019

Delivery company Postmates announced on Tuesday (April 23) that it is expanding and adding 1,000 more cities, bringing the total number of cities it serves to 3,500 across all 50 states, according to report by Fortune. Get the Full Story Complete the form to unlock...

Alternative Finances
It’s Not Easy Solving For $1.5 Trillion In Student Debt
April 23, 2019

This week Democratic presidential candidate Sen. Elizabeth Warren managed to capture a lot of airtime — no small feat in a field with over 20 people in it — with what is as of yet the largest and most radical proposed solution to the student...

Investments
Tencent Invests In Argentinian Mobile Banking Startup
April 23, 2019

Chinese technology conglomerate Tencent has invested in Argentinian mobile banking startup Uala, according to a report from Reuters. 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...