News

B2B Payments
Virgin Money Plans First Concrete Step Into SMB Banking
November 17, 2017

Virgin Money is, once again, aiming to disrupt the U.K.’s small business (SMB) banking market. 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,...

Partnerships / Acquisitions
PayPal Restructures PayPal Credit, Sells Receivables To Synchrony Financial
November 17, 2017

PayPal announced Thursday (Nov. 16) that it is selling $6.8 billion in receivables to Synchrony Financial. 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...

Regulation
Fed’s Brainard Says Banks Play Key Role In Holding FinTechs Accountable
November 17, 2017

Lael Brainard, a member of the Federal Reserve’s Board of Governors, thinks that traditional lenders need to demand that online financial companies protect consumer privacy and money interests, according to a Reuters news report. Get the Full Story Complete the form to unlock this article...

Regulation
China Denies Claims Of Online Information Censorship
November 17, 2017

The Cyberspace Administration of China, the top cyber regulator in the country, dismissed a report that placed it in last place for freedom of press. It ranked last out of 65. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
Trump Places OMB Head Mick Mulvaney As Interim CFPB Head
November 17, 2017

In the wake of Richard Cordray stepping down from the Consumer Financial Protection Bureau (CFPB), President Donald Trump has tapped White House budget director Mick Mulvaney to step in on an interim basis. Mulvaney will take over when Cordray officially steps down later this month....

Cross Border Commerce
Amex Looks To RippleNet To Innovate B2B Payments
November 17, 2017

American Express is the latest financial company to become a member of RippleNet, the blockchain network operated by Ripple that provides real-time, business-to-business (B2B) global payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
Community Banks, Where Moving Beyond Interest Income Is In The (Credit) Cards
November 17, 2017

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
A Very Pop-Up Christmas With Glossier
November 16, 2017

Glossier is not quite a household name yet. In fact, unless one already happens to be one of the emerging beauty and lifestyle line’s devotees, the name usually doesn’t ring a bell. It’s even still referred to in media descriptions as a “cult” beauty brand,...

Retail
Deal Or No Deal? Mattel Snubs Hasbro Offer
November 16, 2017

If you thought Jim and Pam on “The Office” took forever to get together, you’ve clearly never followed the decades-long mating dance between the world’s two largest toy companies, Hasbro and Mattel — one, the owner of My Little Pony, Nerf, Mr. Potato Head and nearly...