News

Digital Banking
How Wells Fargo Uses AI, Biometrics To Fight Money Laundering
March 12, 2019

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Retail
Can Merchandise Make A Presidential Campaign?
March 11, 2019

The presidential running season, like the holiday shopping season, seems to get a little longer every time. The next presidential election is in 603 days. There might have been a time when we would have wondered if nearly two years is a bit long to...

Partnerships / Acquisitions
Fiserv Simplifies Cash Management In Smart Safes
March 11, 2019

Fiserv, a financial technology company, has partnered with cash solutions company NationalLink to simplify cash management for users, the company said in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
AML Scandals Prompt Decrease In European Foreign Deposits
March 11, 2019

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
EU Antitrust Chief Says To Regulate Data, Not Break Up Tech
March 11, 2019

European Union Competition Commissioner Margrethe Vestager said that breaking up big tech companies like Facebook and Google should be seen as a last resort, and that the better idea might be to find a way to regulate data usage. Get the Full Story Complete the...

Global Payments
India’s FSS Backs Ecentric Payment Systems; Vista Group Taps Temenos For Digital Transformation
March 11, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes India’s Financial Software and Systems (FSS) investment in South African payment processor Ecentric Payment Systems. In addition, African challenger bank Vista Group has selected banking software company Temenos to...

Delivery
STO Express Sells Stake To Alibaba In $693M Deal
March 11, 2019

Chinese courier STO Express has sold a stake to Alibaba, China’s largest eCommerce player. 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...

Investments
China’s Mofang Raises $150M In Latest Round Of Funding
March 11, 2019

Mofang Apartment, the Chinese startup that provides institutional rental apartments, has raised $150 million in venture funding. 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...

Payments Innovation
NatWest Testing Biometric Fingerprint Card Payments
March 11, 2019

NatWest, the U.K. bank, is kicking off a test in which customers can use biometric fingerprint technology for card payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....