News

Mobile Payments
PayPal Challenges Paytm For India Market
November 09, 2017

PayPal announced that it has launched domestic operations in India, which means it will be taking on China’s Alibaba-backed Paytm, the country’s leading digital payments firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Tencent Gives Snap A Capital Boost
November 09, 2017

Despite failing to meet growth projections and seeing a decrease in ad sales, Snapchat disclosed that Tencent has increased its stake in the company by more than 12 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

POS Innovation
NCR, Samsung Launch An All-In-One POS
November 09, 2017

NCR and Samsung Electronics America announced news on Wednesday (Nov. 8) of the launch of NCR Silver Quantum, an all-in-one point-of-sale (POS) station featuring an integrated payment device that comes equipped with mobile wallet acceptance capability, customer display, a loyalty scanner and a Samsung Galaxy...

Regulation
Maxine Waters Wants Treasury To Beef Up AML Enforcement
November 09, 2017

California Congresswoman Maxine Waters has some questions for the Treasury Department about what it intends to do to beef up security — particularly with regards to anti-money laundering rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
Cybercrime Getting ‘Bigger, Smarter And More Adept,’ Says Head Of Europol
November 09, 2017

Referring to the rate of its growth and sophistication, Director of Europol Robert Wainwright says cybercrime is becoming a “remorseless” force of nature behind the 4,000 ransomware attacks a day. A force, he noted, that is becoming ever more technologically sophisticated — and thus an ever-larger...

Wearables
Visa’s New Payment-Enabled Wearable Fits Like A Glove
November 09, 2017

Visa, the payments company, announced news on Wednesday (Nov. 8) of the introduction of three commercially available wearable payment devices for the Olympic Winter Games PyeongChang 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Mobile Payments
BNP Paribas To Roll Out WeChat Pay In France
November 09, 2017

BNP Paribas, the European bank, announced news on Wednesday (Nov. 8) that it is introducing WeChat Pay, a popular mobile payment solution in China, to retailers in France and subsequently across Europe. Get the Full Story Complete the form to unlock this article and enjoy...

Delivery
Postmates Enters The Grocery Delivery Biz
November 09, 2017

Postmates, the on-demand delivery service, announced news in a blog post on Wednesday (Nov. 8) that it is launching its first-ever grocery product, Fresh, which delivers curated groceries and retail essentials in minutes. Get the Full Story Complete the form to unlock this article and...

Banking
Are Incumbent Acquirers Relevant In An Era Of SaaS Dominance?
November 09, 2017

Before the Software as a Service (SaaS) model exploded, a small business (SMB) getting off the ground online had two big, but related, decisions to make: finding software that could help them manage the operations of their business — accounting, hosted shopping carts, reservations, to...