News

Security & Fraud
Rubrik Exposes Customer Data, May Face GDPR Fines
January 30, 2019

Rubrik, an IT security and cloud data management company, has suffered a massive data leak. The company pulled the server offline on Tuesday (Jan. 29) after being alerted to the leak, which was discovered by security researcher Oliver Hough. The exposed server wasn’t protected with...

Delivery
FedEx Debuts Midnight Ordering, Next-Day Delivery
January 30, 2019

FedEx is launching a new late-night shipping option that will allow retailers to deliver next day — that is, when items are purchased online as late as midnight. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Why 85 Pct Of Companies Want AP Automation
January 30, 2019

In manufacturing plants, call centers and many other workplaces, automation is the standard. However, when it comes to corporate accounting departments, automation is still the exception. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Partnerships / Acquisitions
Alphabet’s Waymo Considered Volvo, Uber Pair-Up
January 30, 2019

An internal document has revealed that Waymo, the former self-driving vehicle unit of Google, met with more than 12 carmakers, including Volvo, as it searched for manufacturing partners for its self-driving car technology. According to Bloomberg, a memo marked “highly confidential” was written on Aug. 18, 2016 —...

Regulation
StanChart Hit With $40M Fine For Transaction Rigging
January 30, 2019

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets between 2007 and 2013. The investigation found that Standard Chartered’s traders used illegal tactics to maximize profits or minimize losses...

Payment Methods
ACH Payments Grow 8.7 Pct In Q4
January 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. Get the Full Story Complete the form...

Partnerships / Acquisitions
Visa, NFL To Collaborate On First Cashless Super Bowl
January 29, 2019

Visa and the National Football League (NFL), partners since 1995, will extend their collaboration through 2025 and work together to make a cashless Super Bowl a reality one day, Visa said in a release. Get the Full Story Complete the form to unlock this article...

International
Syria, Iran Reach Banking Agreement
January 29, 2019

Syria and Iran governments have come to an agreement to enable bank transactions between the countries, reported 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...

Security & Fraud
Most Fortune 100 Companies Use Software That Enabled Equifax Hack
January 29, 2019

Equifax’s data breach of nearly two years ago hasn’t taught a majority of Fortune 100 companies a lesson, with reports stating that most are using the same vulnerable version of software that enabled hackers to infiltrate Equifax. Get the Full Story Complete the form to...