News

B2B Payments
MYOB Acquires Half Of SMB Accounting Firm Reckon
November 17, 2017

Reckon, an Australia-based small business (SMB) accounting company, has reportedly sold off key assets to industry peer MYOB. 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...

B2B Payments
When It Comes To Corporates, Faster Payments Aren’t Always About Speed
November 17, 2017

Corporates aren’t that interested in real-time payments. At least, that’s according to a report from the EuroFinance Corporate Treasury Network published last month, which found less than half of corporate treasurers say having the ability to make a real-time payment is a priority. Get the...

B2B Payments
Blockchain B2B FinTechs Score With Investors
November 17, 2017

Blockchain is by no means a technology guaranteed to positively disrupt the financial services market. That hasn’t stopped companies large and small from banking on the innovation, however. This week, venture capitalists and other investors opened their wallets to two blockchain startups: one that uses...

B2B Payments
India Central Bank Clears Infibeam For B2B Payments Launch
November 17, 2017

India’s central bank, the Reserve Bank of India (RBI), has cleared the way for eCommerce company Infibeam to launch a B2B payments service, according to news from Inc42. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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....