News

B2B Payments
Accutive Eyes GDPR Compliance With Encryption Alternative
February 21, 2019

Security and technology consulting company Accutive is rolling out a new solution designed to give enterprises an alternative to data encryption to protect sensitive information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Munchery Shutdown Leaves Suppliers Without Pay
February 21, 2019

On-demand food delivery company Munchery shuttered operations earlier this year, sending an email to customers that it would immediately cease operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
EU Parliament Eyes New Rules On Cross-Border Payment Fees
February 21, 2019

This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone. As reported by parliament, the body voted by 532 in favor and 22 against (with 55 abstentions) to set the...

Digital Banking
How Argentina’s Wilobank Brings Financial Services To Unbanked Populations
February 21, 2019

In Latin America, where roughly 70 percent of the population is unbanked due to traditional banks’ stringent KYC requirements, digital-only challenger banks see an opportunity to increase financial access. In the latest Digital Banking Tracker, Wilobank President Guillermo Francos and systems director Mariano Durán discuss...

eCommerce
UK Government Report Calls On eCommerce Players To Pay More Taxes
February 21, 2019

The U.K.’s Housing, Communities and Local Government Committee is calling on internet retailers to pay higher taxes to help struggling offline retailers in the country’s shopping districts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
SoftBank-Backed On-Demand Physical Storage Startup Clutter Hits $600M Valuation
February 21, 2019

After its Vision Fund has invested in companies such as WeWork, Compass and Opendoor, SoftBank said on Wednesday (February 20) that it led a funding round for storage service firm Clutter. With a $200 million boost, the startup is said to have a post-investment value...

Mobile Commerce
Florida Prisons Delete $11M Worth Of Inmate Music Purchases
February 21, 2019

Following a switch in contractors that reportedly caused prisoners to lose access to music that they purchased, an inmate in a Florida prison is suing the Florida Department of Corrections (FDOC) in a class action suit. William Demler claims that inmates were told they could...

Fintech Investments
Why Not All FinTech Providers Are FinTech Firms
February 21, 2019

The distinction between firms that offer financial technology and FinTechs needs to be clearer, according to Provenir Managing Director Paul Thomas, and agility and forward-thinking are among the key differentiators. Here’s how financial tech companies can do more than just “talk the talk” when it...

IPO
Lyft To List On Nasdaq, File IPO Next Week
February 20, 2019

Ride-hailing company Lyft is preparing to list shares on Nasdaq at the end of March, according to a report in The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...