News

CFPB
CFPB, CFTC Develop FinTech Regulatory Sandbox
May 30, 2018

The Consumer Financial Protection Bureau (CFPB) has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory sandbox for FinTech firms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Partnerships / Acquisitions
PayPal Buys AI Prediction Platform
May 30, 2018

PayPal announced Tuesday (May 29) that it has acquired Jetlore, the artificial intelligence-powered prediction platform. 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 newsletter,...

Security & Fraud
SEC Stops Fraudulent ICO That Raised $21M
May 30, 2018

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering (ICO) allegedly run by Titanium Blockchain Infrastructure Services Inc., which has raised as much as $21 million from investors in...

Security & Fraud
Yahoo Hacker Sentenced To Five Years
May 30, 2018

Karim Baratov, a Canadian that has been charged with hacking Yahoo‘s email for the Russians, has been sentenced to 60 months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Daimler Takes Stake In Ride-Hailing Startup Taxify
May 30, 2018

Daimler, the German carmaker that owns Mercedes-Benz, has acquired a stake in Taxify, the ride-booking startup, in a round of fundraising that gives Taxify a valuation of greater than $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Mobile Payments
Crypto Company TransCrypt Unveils Payments App
May 30, 2018

Cryptocurrency company TransCrypt has launched its beta payments platform to the public. 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 newsletter, PYMNTS Today. By...

International
Ex-Exec Of Mexican Bank Pleads Guilty To Wire Fraud
May 30, 2018

A former partner and part-owner of Mexico’s InvestaBank SA has pleaded guilty to a U.S. charge that he fraudulently obtained $21 million in tax refunds from the Mexican government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Meta Financial, Crestmark Bancorp Announce Merger
May 30, 2018

Following special meetings on May 29, shareholders of Meta Financial Group, Inc. and Crestmark Bancorp, Inc. approved a plan of merger between the two companies. The companies had previously entered into an Agreement and Plan of Merger as of January 9 to approve the merger and...

POS Innovation
GEOBRIDGE: Better Key Management Through Technology
May 30, 2018

Millions of terminals, hundreds of millions of cryptographic keys — and someone has to keep track of it all. Executives from GEOBRIDGE and POS Portal spoke to PYMNTS about the ways key management works across far-flung distances, with urgent deadlines, to make sure all goes...