News

B2B Payments
Mixing B2B Payment Rails Can Overwhelm SMBs, Finds Mastercard
November 21, 2017

The B2B payments industry continues its push to break businesses’ habit of using paper checks, but players are divided on what payment rail should take their place. The honest answer is there isn’t a single payment method that can solve all issues for businesses or...

B2B Payments
Fiorano Introduces PSD2 Platform For Banks
November 21, 2017

With Europe only weeks away from PSD2 taking effect, Fiorano Software is debuting its solution for financial institutions (FIs) in the region to comply with the directive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
As UK Readies For Open Banking, FinTechs Struggle With SMB Awareness
November 21, 2017

U.K. financial institutions (FIs) have been advised to comply with the EU’s Revised Payment Service Directive (PSD2) regulations despite Brexit, but the U.K. has its own Open Banking initiatives coming into force in 2018, too. They’re a result of the Competition and Markets Authority (CMA)...

Partnerships / Acquisitions
Uber To Buy Up To 24K Autonomous Vehicles From Volvo
November 21, 2017

Volvo, the vehicle manufacturer, announced Monday (Nov. 20) that it inked a deal with Uber, the ride-hailing app company, to sell it tens of thousands of self-driving compatible vehicles from 2019 through 2021. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Intuit CEO Says Accountants Must Get On Board With AI
November 21, 2017

Brad Smith, CEO of enterprise software firm Intuit, is warning accountants that they must embrace artificial intelligence (AI) in their professions or risk falling behind. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
PayPal Integrates With Acorns
November 21, 2017

PayPal announced Monday (Nov. 20) it has inked a deal with Acorns, the investing platform, in which customers can use PayPal to fund their investment accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

eCommerce
PayPal Livens Up P2P with eCards
November 21, 2017

This season, PayPal customers can think beyond the typical gift card: The company is co-creating six limited edition holiday digital greeting cards for PayPal’s person-to-person (P2P) gifting experience with PayPal Local Selects host Leandra Medine of “Man Repeller.” Get the Full Story Complete the form...

CFPB
Conduent, Formerly Xerox Business Services, Fined By The CFPB
November 21, 2017

The Consumer Finance Protection Bureau has announced a fine against Xerox Business Services, currently known as Conduent Business Services.  The $1.1 million fine was assessed for software efforts that led to incorrect and damaging consumer information being fed to the credit reporting agencies for over...

South East Asia
Tencent Now More Valuable Than Facebook
November 21, 2017

While Alibaba and its charismatic founder tend to eat up a lot of the Western press when it comes to Chinese eCommerce and its national explosion, Tencent has quietly been growing an ever-larger and more global footprint — and a bigger valuation to go along...