News

B2B Payments
Amazon’s Government Procurement Contracts Spawn Criticism
July 12, 2018

The U.S. government is increasing its use of eMarketplaces like Amazon for procurement at the local and federal levels, but Amazon’s government contracts are raising some eyebrows over competitiveness of the deals. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Canada Finance Department Assesses Cyberattack Risk
July 12, 2018

Internal analysis at Canada’s federal Department of Finance is warning of the risk of a cyberattack that could have significant effects on the entity, reports in The Globe and Mail said on Wednesday (July 11). Get the Full Story Complete the form to unlock this...

B2B Payments
Augmented Reality Tries To Capture B2B Suppliers’ Attention
July 12, 2018

Augmented reality (AR) is quickly proving to be a technology about more than video games as the enterprise gets creative in how to use AR for customer engagement. PayPal announced earlier this year that it would revive an old patent that deploys AR to display...

B2B Payments
Kroger Bows To Supplier Pressure On Payment Policy
July 12, 2018

Food retailer Kroger is reportedly backtracking on a previous decision to extend payment terms to 90 days for suppliers, following an outcry from the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Partnerships / Acquisitions
CA Technologies Sold To Broadcom For $19B
July 12, 2018

Broadcom has agreed to buy software company CA Technologies for $18.9 billion. According to The Wall Street Journal, Broadcom will pay $44.50 a share in cash for CA, formerly known as Computer Associates, which sells tools for mainframe computers. The news sent New York-based CA’s shares surging...

Mobile Payments
Square Cash Crypto Trading Soars Despite Bitcoin’s Decline
July 12, 2018

Despite bitcoin’s fall, Square‘s mobile payment app, which launched crypto trading in late January, is surging. In fact, Square Cash is growing roughly three times faster than PayPal‘s Venmo, with nearly 2 million downloads per month in May and June, according to data from Instinet. Get...

Regulation
NY Dept Financial Services: Online Lenders Need Oversight
July 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Trump Task Force Eyes Crypto Crime
July 12, 2018

The Trump administration has created a new task force that will focus on protecting consumers from one of the biggest fraud threats: crypto coins. Bloomberg noted that a focus of the panel, announced on Wednesday (July 11), will be on the scams involving bitcoin and other virtual...

Regulation
Tech Trade Group Pushes National, Not State Data Privacy Laws
July 12, 2018

Dean Garfield of the Information Technology Industry Council — a trade group that represents Google, Microsoft and other tech companies — is calling for faster development of national privacy norms to avoid opposing state rules. Get the Full Story Complete the form to unlock this article...