News

Security & Fraud
Gold Was The Bribe Of Choice In India’s Diamond Heist Scandal
March 05, 2018

An official of India’s Punjab National Bank received gold and diamond jewelry as bribes for his involvement in a scandal that defrauded the lender of nearly $2 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Ex-Vatican Bank President, Lawyer Charged With Embezzlement
March 05, 2018

Angelo Caloia, the former president of the Vatican bank (also known as the IOR), and his Italian lawyer, Gabriele Liuzzo, have been indicted by prosecutors in the Vatican on charges of embezzlement. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Equifax Breach To Cost Total Of $439M
March 05, 2018

Equifax, the credit scoring company that’s embroiled in a massive data breach, expects costs from that to increase $275 million in 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Ridesharing
Uber Disputes Claims It Pays Less Than Minimum Wage
March 05, 2018

It’s not wise fighting about math with MIT students, but the gang at Uber is giving it a go. 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...

Banking
Small Bank Credit Card Losses Explode
March 05, 2018

Smaller banks have spent years competing with their larger fellows in signing up credit card customers. 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...

Ridesharing
Moovit CEO: How Mobility Data Makes Cities Smart
March 05, 2018

Just like cars on a highway at rush hour, transformation in city and infrastructure planning is not moving fast enough to get people where they need to go — and it’s about to become more of a problem, if Moovit Co-Founder and CEO Nir Erez...

Partnerships / Acquisitions
TSYS’ McHugh: Why Integrated Payments Is What’s Next
March 05, 2018

Merchant services is newly in TSYS’s sights in the wake of closing its deal to buy Cayan. Philip McHugh, EVP and president of TSYS Merchant Solutions, tells Karen Webster that the firm’s software integration experience and scale will prove a combination that is hard to...

Regulation
ICOs, SEC And Wait And See?
March 05, 2018

The SEC fired a regulatory shot across ICOs’ bows this week, sending out information requests and subpoenas to a slew of firms. The door opens for more oversight, and perhaps a freezing effect on the token sales, even while illuminating a darker corner of the...

Bitcoin
The Newest Bitcoin Heist: Mining
March 02, 2018

Why steal bitcoin when you can steal the technology that enables one to make more of it? 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...