News

B2B Payments
PrismHR Links Employees To On-Demand Wages Via FinFit
February 01, 2019

Employee financial wellness company FinFit is integrating its technology into human resource management platform PrismHR, the firms announced on Thursday (Jan. 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Patisserie Valerie Saga Finds Fake Invoices
February 01, 2019

Ongoing investigations into the £40 million (nearly $52.4 million USD) fraud that felled Patisserie Valerie have found that fake invoices were involved. Elsewhere in the world, misuse of procurement cards has stirred investigations at several U.S. universities. Wirecard also slumped on the heels of fraud...

Ridesharing
Go-Jek Valuation Now Near $10B After Fresh Round Of Fundraising
February 01, 2019

Go-Jek, the Southeast Asia ride-hailing company, raised a little more than $1 billion in a recent round of fundraising. 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...

Partnerships / Acquisitions
World First To Exit US Market To Keep Sale To Ant Financial Alive
February 01, 2019

World First, the U.K. money transfer company, has shuttered its U.S. business to avoid having its acquisition by Ant Financial of China blocked by regulators in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
BoE Regs Find Accounting Mistakes At Metro Bank
February 01, 2019

Metro Bank is dealing with the fallout from the revelation that it misclassified a large number of commercial loans, with many predicting the resignation of some of the financial institution’s senior executives. According to Financial Times (FT), investors, industry figures and regulatory experts have said senior executives...

Security & Fraud
BaFin Investigates Possible Mkt Manipulation Related To Wirecard Share Drop
February 01, 2019

The German financial regulator has opened a preliminary investigation into possible market manipulation after a report on alleged misconduct at Wirecard led to a drop in the company’s share price. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
Visa, Mastercard Still Locked Out Of China
February 01, 2019

Both Visa and Mastercard posted solid fourth quarter earnings and outperformed analyst estimates, yet the companies are still waiting for approval to do business in China. Though it’s been more than a year since each submitted applications to process payments in the $124 trillion market,...

Security & Fraud
Home Improvement Startup Houzz Suffers Data Breach
February 01, 2019

Home improvement startup Houzz revealed that it suffered a data breach. The company said in a FAQ on its website that the breach was discovered in late December 2018, and that “a file containing some of our user data was obtained by an unauthorized third party.” Once...

Ridesharing
Uber Updates App With Public Transit Options
February 01, 2019

Uber has announced that it is launching its first integration with public transit. The rideshare giant has partnered with the Regional Transportation District (RTD) so that users in Denver can find real-time information and directions to local public transportation via the Uber app. Get the...