News

B2B Payments
The Changing Face Of Trust For Treasurer-Bank Relationships
June 05, 2018

Trust is key for any transaction, particularly when it comes to dealings between a customer and a financial institution. A mix of factors – from bank scandals to industry competition – appear to be shifting consumers’ trust levels with banks. A survey released by RFI...

B2B Payments
WEX To Issue Shell’s Commercial Fleet Cards
June 05, 2018

Fuel conglomerate Shell has chosen commercial payments company WEX to issue its suite of commercial fleet cards in the U.S. and Canada, the companies announced Monday (June 4). Equilon Enterprises LLC (DBA Shell Oil Products U.S. and Shell Canada Products) will have WEX issue its...

B2B Payments
Microsoft To Bolster Small Businesses With First Bank of Nigeria
June 05, 2018

Microsoft is partnering with First Bank of Nigeria to provide support for small businesses in the country, reported in Nigerian outlet The Guardian on Monday (June 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
China Efforts To Reign In Corporate Debt To Hurt Economic Growth, Says Fitch
June 05, 2018

Global ratings agency Fitch warns that China’s efforts to reduce corporate debt levels will likely have a negative impact on the nation’s economy, according to South China Morning Post reports Monday (June 4). Get the Full Story Complete the form to unlock this article and...

Security & Fraud
SEC’s Clayton To Advocate For Better Cybersecurity
June 05, 2018

The chairman of the U.S. Securities and Exchange Commission (SEC) is calling for more money from Congress to protect itself against “advanced” and “persistent” cyber threats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Marqeta Pulls In $45M; Eyes Domestic, Global Growth
June 05, 2018

Marqeta, the open API platform for card issuing and solutions, announced it has raised $45 million in a new round of funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bitcoin
Bitcoin Daily: LinkedIn Co-Founder Seeks $20M For Token, Google ‘Bitcoin’ Searches Plummet
June 05, 2018

Eric Ly, a LinkedIn co-founder, is raising money for a token tied to a future platform called ICOHub, CoinDesk reported. The Hub Token has raised just over $13.5 million in a Simple Agreement for Future Tokens (SAFT) sale. In all, $20 million is being offered...

Wearables
Fitbit Versa Smartwatch Shipments Top 1M
June 05, 2018

Fitbit announced that it has shipped more than one million Fitbit Versa devices since they went on sale on April 16. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Mobile Payments
Xoom Bumps Limits For X-Border Payments To 25K
June 05, 2018

The PayPal service Xoom announced that it has increased its send limits to $25,000 USD per transaction for over 50 countries, including India, Canada, the United Kingdom and the Philippines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...