News

B2B Payments
TopTracker Taps Payoneer For Freelancer Payments
December 07, 2018

Employee time-tracking firm TopTracker is collaborating with cross-border business payments company Payoneer to enable employers to pay their freelance workers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
UK Watchdog’s Tesco Accounting Fraud Case Collapses
December 07, 2018

The case against two former Tesco directors initiated by U.K. regulators earlier this year has collapsed after a judge dismissed the case due to lack of evidence, reports in the BBC said Thursday (Dec. 6). Get the Full Story Complete the form to unlock this...

Partnerships / Acquisitions
Walmart Buys Art.com, Boosting Home Decor Sector
December 07, 2018

Walmart has announced that it is planning to buy Art.com to boost its home decor business. 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...

Regulation
Google, Microsoft Demand AI, Facial Recognition Rules
December 07, 2018

A research group affiliated with two tech giants is calling for more regulation of facial recognition and other artificial intelligence (AI) tools. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

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 —...