News

B2B Payments
UK Accounting Watchdog Ramps Up Fines
June 20, 2018

The U.K.’s accounting watchdog, the Financial Reporting Council (FRC), has now levied more fines in two days than it has in the entirety of 2017, according to Bloomberg reports on Tuesday (June 19). The FRC issued fines totaling $19 million against PricewaterhouseCoopers (PwC) and KPMG last...

B2B Payments
AirPlus International Debuts Card For Employees Traveling In Europe
June 20, 2018

Corporate travel payments firm AirPlus International is rolling out a new commercial card solutions designed for businesses with employees that travel throughout Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
WEX Deploys Biometrics For Mobile Fleet Payments
June 20, 2018

Commercial payments firm WEX announced Tuesday (June 19) the launch of DriverDash, a mobile-first transaction authorization service for fleet drivers. The solution enables fleet drivers to authorize a fuel transaction via mobile device and biometrics from within their vehicle. Get the Full Story Complete the form...

B2B Payments
Micro-Businesses’ Major Role In SMB Banking Disruption
June 20, 2018

Solopreneur, independent contractor, freelancer, gig worker – regardless of the name, micro-business owners can largely agree that, when it comes to traditional banking, they’re often left out in the cold. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
PayPal Founders Back Brex’s Corporate Card For Startups
June 20, 2018

PayPal Founders Peter Thiel and Max Levchin have participated in a funding round for Brex, a startup that designed a commercial card for startups. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
Regulators Eye P2P Car-Sharing Platforms
June 20, 2018

Peer-to-peer car-sharing services might soon face the same regulation as traditional car rental companies. 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...

Payment Methods
Shake Shack Founders Stand By Cashless Move
June 20, 2018

Danny Meyer is defending his restaurant group’s decision to test out cashless transactions, saying they are not looking to exclude prospective guests. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

IPO
Japan’s P2P Flea Market Mercari Makes IPO Debut At $7.4B
June 20, 2018

Flea market app Mercari saw its shares rise 77 percent in its Tokyo stock market debut on Tuesday (June 19) as the rare Japanese unicorn looks towards expansion in the U.S. According to Reuters, shares rose as high as 6,000 yen in early afternoon trade,...

Security & Fraud
Bithumb Says $31.5M Of Digital Tokens Stolen
June 20, 2018

Bithumb, the South Korean cryptocurrency exchange, was the subject of a hack — $31.5 million worth of digital tokens were stolen in what is the second attack on a local exchange in the country this month. Get the Full Story Complete the form to unlock...