News

B2B Payments
MobileXpense Lands $24 Million For Mid-Market Expense Management
January 08, 2018

Brussels-based expense management startup MobileXpense has secured new funding to expand operations, according to reports. 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,...

Security & Fraud
Reddit Confirms Hack Of Third-Party Software Vendor
January 08, 2018

Reddit disclosed the results of an internal investigation into a hack of its platform, saying a hacker was able to get into its third-party password reset system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
When Too Much Good Tech Can Be A Bad Thing For SMBs
January 08, 2018

There have never been more tools available to the entrepreneur, and tech adoption among small businesses (SMBs) is on the rise. FinTech innovators are targeting key points of friction for these SMB owners, largely deploying the cloud for solutions that span the gamut, from front...

Security & Fraud
Bank, Tech Groups Lobby For Federal Oversight Of Data Breaches
January 08, 2018

A group of financial, retail and technology trade associations are calling on the federal government to oversee data breaches. 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...

Ridesharing
Who Decided To Hold – And Fold – Uber Shares To SoftBank
January 08, 2018

Now that Uber has completed its secondary transaction with SoftBank, there is a clearer picture of just how much money the company’s investors are walking away with after the deal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

South Asia
A Year After Demonetization, Cash Still King In India
January 08, 2018

Since demonetization last year, Indian government and regulatory authorities have worked hard to push digital payment methods. But Indian citizens are not quite cooperating just yet and continue to prefer cash for most routine transactions. Get the Full Story Complete the form to unlock this article...

International
Ant Apologizes Over Credit Scoring Snafu
January 08, 2018

Following an online uproar, Chinese financial giant Ant Financial has apologized for auto-enrolling unsuspecting users of its new shopping profile service in its credit scoring system, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Merchant Innovation
Starbucks Charging For Cups In The UK
January 08, 2018

Starbucks cups, despite being made of paper, are not actually easily recycled — the thin layer of plastic sprayed on to keep the drinks warm renders them that way.  And most people don’t even bother to try — they just throw them out. Get the...

Bitcoin
South Korea Examines Virtual Currency Use At Six Banks
January 08, 2018

South Korean financial authorities, in the form of a joint inspection by the Financial Services Commission (FSC) and Financial Supervisory Service (FSS), are taking a look at six local banks offering virtual currency accounts to institutions. The move comes as regulatory authorities in the nation...