News

B2B Payments
Business Email Scam Losses Now Top $12 Billion
July 20, 2018

The U.S. Federal Bureau of Investigation released a public service announcement this week warning that business email compromise (BEC) scams are on the rise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Convincing Banks Of Trade Finance Tech Value
July 20, 2018

Blockchain-based solutions have only just begun to launch in the financial services market, but considering the volume of interest in deploying blockchain tools to address the massive $1.5 trillion trade finance gap, it appears as if the niche could quickly become saturated with distributed ledger...

B2B Payments
B2B Investors Get Smart About Business Intelligence
July 20, 2018

Investors placed more than $136.5 million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Business intelligence is...

B2B Payments
California Closes In On Extending Borrower Protections To SMBs
July 20, 2018

California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
Trump CFPB Pick Questioned On Consumer Finance Experience
July 20, 2018

President Donald Trump’s pick to lead the Consumer Financial Protection Bureau (CFPB) held her own during intense questioning by Democratic Senators on Thursday (July 19). According to Reuters, Kathy Kraninger seems to be on track to secure a confirmation vote that could come this month....

IPO
First Cannabis Company To Go Public Raises $153M
July 20, 2018

Tilray, the first cannabis company to conduct an initial public offering on a U.S. exchange, closed up 32 percent. 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...

Payments Innovation
Morgan Stanley: FinTech Looks ‘Attractive’
July 20, 2018

Wall Street firm Morgan Stanley is getting more bullish on the payments and processing markets, upgrading its investment rating to be attractive, with growth expected in the quarters to come. According to a report in MarketWatch, Morgan Stanley cited the resiliency of consumer spending, market...

B2B Payments
Barclays Eyes Blockchain For Fund Transfers, KYC
July 20, 2018

Barclays filed two applications with the U.S. Patent & Trademark Office on Thursday (July 19), reports in CoinDesk said. Both applications relate to application of blockchain technology. One describes a blockchain platform to accelerate cryptocurrency transfers, while the other describes a blockchain solution to streamline...

Investments
Easy Come, Easy ICO Go? For Investors, Easy Come … For Now
July 20, 2018

Flameouts. Scams. Investors who tread among ICOs are taking their shots in the Wild West. Only a minority of ICOs make it into their fifth month. But as research from Boston College shows, returns are still positive, staggeringly so, as Hugo Benedetti, PhD candidate and the paper’s...