News

Partnerships / Acquisitions
Equifax Buys DataX To Close Credit Reporting Gap
July 17, 2018

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...

Regulation
EU: Airbnb Violates Consumer Rules
July 17, 2018

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,...

Payment Methods
Hyperwallet Streamlines Global Payouts For Wordapp.com
July 17, 2018

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...

Security & Fraud
Want To Keep Consumer Trust In The Digital Era? Learn To Collaborate.
July 17, 2018

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...

News
Five At Five: PayPal’s New Investment Push
July 16, 2018

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...

Investments
PayPal Leads Investment In PPRO
July 16, 2018

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...

International
Santander Creates Digital Investment Unit
July 16, 2018

Banco Santander, the Spanish bank, has created a digital investment unit that will be headed by John Whelan, who is currently in charge of the bank’s blockchain unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Global Payments
Citi Payment Insights Gives Corporates New B2B Payments Tools
July 16, 2018

Citi announced Monday (July 16) the launch of Citi Payment Insights, a new service that gives institutional clients access to real-time payment information and the ability to action payments on demand via the CitiDirect BE electronic banking platform. Get the Full Story Complete the form...

Global Payments
Visa Holds ‘FastTrack’ Session In Dubai, PayPoint Rolls Out Amazon Top Off Promotion
July 16, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Visa’s ‘FastTrack’ mentoring session in Dubai. In addition, U.K.-based PayPoint is holding an Amazon Top Off promotion, while African Export-Import Bank is predicting economic growth in Africa. Get the Full...