News

Security & Fraud
What An Alleged NSA Hack Reveals About Payments Cybersecurity
December 07, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to...

Security & Fraud
Huawei Transactions Flagged By HSBC AML Overseer
December 06, 2018

An overseer at HSBC flagged questionable transactions by Huawei Technologies, leading to the arrest of Huawei Chief Financial Officer Meng Wanzhou, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Global Payments
Wirecard Amplifies Wizz Air Collaboration; AIB Taps Into Fitbit Pay In Ireland
December 06, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the expanded collaboration between Germany’s Wirecard and European low-cost airline Wizz Air. In addition, AIB is making Fitbit Pay available to its customers in Ireland, and the UAE’s Beam plans to...

Investments
Cross River Bank Raises $100M
December 06, 2018

Cross River, a provider of banking services for financial technology companies, has raised about $100 million in a funding round, according to a report by the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
European Parliament Pushes Tougher Laws Against Google, Amazon, Apple
December 06, 2018

European lawmakers voted to spruce up legislation aimed at tech giants to put a stop to unfair business practices, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Partnerships / Acquisitions
Users Can Now Pay For Hulu With Venmo Accounts
December 06, 2018

Hulu users have a brand-new way to pay, the company announced on Thursday (Dec. 6). Hulu and Venmo have teamed up to provide Venmo’s payment services to the streaming platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
Boku Buys ID Authentication Co. Danal For $68M
December 06, 2018

Boku, a company that lets users charge smartphone purchases to their bills from companies like Apple, Microsoft and Spotify, among others, has purchased Danal, an outfit that specializes in phone identity and authentication, according to a report from a tech publication. The merger will allow...

Delivery
Walgreens, FedEx Launch Next-Day Rx Delivery
December 06, 2018

Walgreens and FedEx announced Thursday (Dec. 6) the nationwide launch of a next-day prescription delivery service, bringing together Walgreens’ network of neighborhood pharmacies with the FedEx air and ground delivery network to provide a convenient way for patients to fill prescriptions. Get the Full Story Complete the...

Security & Fraud
Deutsche Bank’s Exposure Grows In Danske Money Laundering Probe
December 06, 2018

Deutsche Bank’s exposure to the Danske Bank money laundering scandal has increased after the bank found it processed an additional €31bn of suspicious funds for Danske Bank than previously thought, reported Financial Times. Get the Full Story Complete the form to unlock this article and...