News

International
Despite New EU AML Laws, Banking Scandals Persist
July 10, 2018

Although new rules to combat money laundering in the European Union took effect this week, there are already calls for more reforms after a series of banking scandals in Latvia, Estonia and Malta. According to Reuters, this fifth review of the EU anti-money laundering directive...

CFPB
CFPB’s Mulvaney Picks New Acting Deputy Director
July 10, 2018

The Consumer Financial Protection Bureau announced that Brian Johnson, who currently serves as principal policy director at the Bureau, will assume the responsibilities of acting deputy director. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Mobile Payments
BJ’s, PayPal Pair For Faster Online Checkout
July 10, 2018

BJ’s Wholesale Club has announced that members who shop on BJs.com will now be able to pay for their purchases with PayPal, PayPal Credit and PayPal One Touch. Through the partnership, members won’t have to input their card payment information when making a purchase on...

eCommerce
Snap’s Amazon Visual Commerce Connection
July 10, 2018

Visual product search is, reportedly, about to gain another foothold. A feature in planning by Snapchat — more popular with teens than Facebook — would enable consumers to scan objects and barcodes to be sent to Amazon product listings. Details of the project, named Eagle, were reportedly...

Risk Management
Cambridge Global: Trimming Away The Hedging Myths
July 10, 2018

Complex, big, risky, exotic. Hedging FX exposure need not be any of those things, according to Cambridge Global Payments COO Mark Frey. PYMNTS went beyond the buzzword to find how to create a clear hedging process that protects the bottom line from the vagaries of...

Artificial Intelligence
All About The Bots – And Valuations, Too
July 09, 2018

In the land of startups, and valuations of startups, it’s all about the Benjamins. 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...

B2B Payments
UK Faster Payments Glitch Causes Backlog
July 09, 2018

A glitch in the infrastructure of the U.K.’s Faster Payments system has caused a backlog of transactions still waiting to clear hours later, according to BBC reports from Monday (July 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
Timehop Discloses Data Breach That Impacts 21M Users
July 09, 2018

Timehop, the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Partnerships / Acquisitions
Equifax Forms Open Banking Alliance With consents.online
July 09, 2018

Equifax, the consumer and business insights expert, has formed a strategic alliance with consents.online, a digital consent management and AISP-accredited open banking platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...