News

Payment Methods
Commonwealth Bank Now Offers Samsung Pay
February 22, 2018

Australian-based Commonwealth Bank announced Wednesday (Feb. 21) that its customers would now be able to make contactless payments via Samsung Electronics’ mobile wallet, Samsung Pay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Payment Methods
ProPay Expands Reach With UnionPay Partnership
February 22, 2018

ProPay, a unit of payment solutions provider TSYS, announced Tuesday (Feb. 20) that it had expanded its global disbursement funds and commission platform to include UnionPay cardholders residing in mainland China. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Partnerships / Acquisitions
Google Buys IoT Platform
February 22, 2018

Google announced Wednesday (Feb. 21) that is has acquired Xively, a unit of LogMeln, for an undisclosed sum. 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...

Investments
Signal Goes From Non-Profit To Profit With $50M Investment
February 22, 2018

Moxie announced Wednesday (Feb. 21) that it is launching the Signal Foundation with the support of Brian Acton, the co-founder of WhatsApp, who is investing in the new non-profit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Merchant Innovation
Airbnb Having A Bad Experience With Experiences
February 22, 2018

Online home rental marketplace Airbnb has been trying to branch into new areas with its Experiences service, an offering that focuses on unique experiences for travelers, but the efforts aren’t paying off — at least so far. Get the Full Story Complete the form to unlock...

Banking
60 Percent Of Americans Want The Branch, Not Mobile, To Open New Account
February 22, 2018

While mobile banking has its perks, a new survey has found that 60 percent of Americans prefer opening a new checking account in-person at a bank branch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Senior Bank Official Arrested In India’s Diamond Fraud Scandal
February 22, 2018

A senior official of state-run Punjab National Bank (PNB) in India was arrested by federal police as part of an investigation into a $1.8 billion scam at the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
PayPal-Backed Raisin Savings App Launches U.K. Website
February 22, 2018

PayPal-backed Raisin has launched a dedicated U.K. site for its savings deposit marketplace. 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 Today....

Security & Fraud
Cisco Finds 42 Percent Of Companies Hit With DDos ‘Burst Attacks’
February 22, 2018

So-called “burst attacks” are a rising threat to organizations as they grow in complexity, frequency and duration. In fact, one study found that 42 percent of organizations experienced this type of distributed denial of service (DDoS) attack last year, Cisco said in a new report....