News

B2B Payments
Switchfast: SMB Employees Outperform Managers On Cybersecurity
August 28, 2018

Follow the leader? When it comes to small business (SMB) cybersecurity, perhaps not. A new report form IT consulting firm Switchfast revealed the mistakes professionals make that expose their firms to cyber risks, with everyone from CEOs to entry-level employees making some missteps. Interestingly, though,...

B2B Payments
Australia Names New Small Business Minister
August 28, 2018

Australia’s new prime minister, Scott Morrison, officially took office late last week, and with his entrance comes a government reshuffle that has small business policy taking center stage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
FinTech Finds Favor With Visa, Gains Traction In Mexico
August 28, 2018

Paidy linked up with Visa via strategic investment this week, while Mexico's government wants to see greater financial inclusion with joint efforts from FIs and FinTechs. In the meantime, RBS is poised to ladle out cash to competitors traditional and digital.

International
China Zeroes In On Online Loan Risk
August 28, 2018

China is expediting the development of regulation aimed at preventing online lending risks and promoting market stability. 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...

Security & Fraud
Bank Of Spain Site Disrupted Via DoS Attack
August 28, 2018

The Bank of Spain’s website has been temporarily disrupted since Sunday (Aug. 26) due to a cyberattack. According to Reuters, the bank said that the attack has not effected the bank’s services or its communications with the European Central Bank or other institutions. It added...

Investments
Sallie Mae-Backed Deserve Snags $17M To Help Millennials Build Credit
August 28, 2018

FinTech startup Deserve announced it has raised $17 million in Series C funding. The company uses machine learning (ML) and alternative data to help 40 million college students and young adults — also known as Generation Z — in the U.S. to achieve financial independence through access...

Partnerships / Acquisitions
Toyota Invests $500 Million In Uber As Part Of New Partnership
August 28, 2018

Toyota Motor is gearing up to invest $500 million in ride-hailing company Uber Technologies as part of a deal to work on self-driving vehicles with an eye toward making them safer and lowering the cost of transportation. Get the Full Story Complete the form to...

CFPB
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney in his resignation letter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
The Threat Intelligence Gateway Waging War On 100M Threat Vectors
August 28, 2018

Firewalls, from the biggest to the smallest, are under assault all day, every day from the staggering number of cybersecurity threats floating around the digital sphere — a fact that probably doesn’t come as much of a shock to most people at this point. Get the...