News

B2B Payments
FairFX Can Now Issue Mastercard Cards To SMBs
December 22, 2017

Challenger bank FairFX has secured a license to issue Mastercard-branded cards, according to a press release by the company this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Primechain Adds Another Blockchain X-Border Payments Tool To India
December 22, 2017

India’s Primechain Technologies is rolling out a international payments solution built using blockchain. 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
Senators Urge Halt On Airport Face ID Program
December 22, 2017

Two U.S. senators urged federal authorities to stop the planned expansion of a $1 billion airport facial scanning program. 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...

Security & Fraud
Financial Institutions Team Up On Data Security Push
December 22, 2017

Seven trade associations representing banks and credit unions have joined forces to call on Congress to put in place stricter cybersecurity standards to prevent more data breaches. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Long Island Iced Tea Becomes Long Island Blockchain; Stock Surges 300 Percent
December 22, 2017

Need more evidence that the cryptocurrency craze is taking a page from the dotcom boom of the early 1990’s? Check out Long Island Iced Tea Corp., which saw its stock surge Thursday (Dec. 21) after changing its name to Long Blockchain Corp. Get the Full...

Security & Fraud
Hackers Targeted Russian Bank Globex’s SWIFT System
December 22, 2017

Russian bank Globex revealed that hackers attempted to steal 55 million rubles ($940,000) using the SWIFT international payments messaging system, in the latest attempted cyber heist using fraudulent wire transfer requests. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payment Methods
Number Of Remote Card Payments Rose 16.6 Percent Last Year
December 22, 2017

Credit card payments jumped sharply from 2015 to 2016, surpassing all other types of card payments, the Federal Reserve said in a new report on Thursday (Dec. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Bitcoin
Bitcoin Goes Bust — Drops 25 Percent Of Value In 24 Hours
December 22, 2017

What goes up, must come down. 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. By completing this form, you agree to...

Security & Fraud
Ransomware Demands Jump As Bitcoin Price Soars
December 22, 2017

Chubb, one of three insurance agencies that has seen an increase in claims tied to ransomware cyberattacks, is blaming bitcoin for the surge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...