Revolut, the U.K. digital bank, identified evidence of money laundering on its digital payment system, which prompted it to alert authorities including the National Crime Agency and Financial Conduct Authority. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
ATM network operator LINK has partially canceled its plans to cut the fees that banks pay to British cash machines operators. Finextra reported that, earlier this year, LINK had announced a phased 20-percent reduction in interchange rates over four years. The first 5 percent cut took...
Ele.me, the food delivery platform acquired by Alibaba Group, is looking for $2 billion in new financing to help it take on rival Meituan Dianping. According to Bloomberg, Ele.me wants to expand a business that’s burning enormous amounts of cash, according to anonymous sources. Get...
Equifax announced that it has acquired DataX, a leading specialty finance credit reporting agency and alternative data provider to lenders nationwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The European Union (EU) has ordered Airbnb to bring its terms and conditions into line with the bloc’s consumer rules after a recent review found violations. According to Reuters, an EU executive revealed that “some of Airbnb’s terms, and the way it presents its prices,...
Global payments provider Hyperwallet announced today (July 17) that it is launching mass payment distribution for Wordapp.com, a content processing platform for online businesses looking to scale their content needs. Wordapp.com will utilize Hyperwallet’s development tools and widget integration to embed payout functionality directly into...
It must be a tough time for the-sky-is-falling type of people, or even just the mildly pessimistic. Seemingly endless news of data breaches and cyberattacks — to say nothing of experiencing them personally — can make even the most tech-welcoming consumer think about retreating to...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Besides the PayPal story, coverage includes the latest on Zelle and Bank of America‘s mobile efforts, and a new payments initiative from Citi. In addition, Apple has some significant problems in...
PPRO Group, a U.K. cross-border ePayment provider, announced on Monday (July 16) a $50 million round of investment led by PayPal. In a PayPal press release, the company said that in addition to its investment, Citi Ventures and returning investor HPE Growth Capital participated in...
