U.K. officials have extradited the man who allegedly masterminded a cyberattack earlier this year that impacted two of England’s biggest banks. They have accused 29-year-old Daniel Kaye, who was found in Germany, of using an infected computer network to damage and blackmail both Barclays and...
Tech giant Apple is embracing WeChat Pay, giving consumers in China more ways to pay for purchases. The WeChat Pay digital payment service is offered by China-based investment holding company Tencent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cyber crime, cyber attacks and rogue traders have cost banks around the globe a lot of money, and they are increasingly turning to insurance firms to counter those so-called operational risks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Blockchain, the technology that makes cryptocurrency like bitcoin possible, is moving into the auto and ridesharing markets. 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...
As artificial intelligence technology continues to make its way into more aspects of society, it’s possible that the commercial trucking industry could be next. In fact, Ford is already working with potential partners to potentially deploy self-driving technology in commercial trucks, Reuters reports. Get the...
Uber’s new CEO, Dara Khosrowshahi, said during his first appearance in front of the company’s employees that he has set a timeline for an IPO of between 18 and 36 months. The news comes on the same day a court ruled that Benchmark’s lawsuit against...
The Brazilian Central Bank has floated a proposal that would let FinTechs lend money but which would also curtail them from taking deposits, as might be seen in a traditional commercial banking relationship, according to news by Reuters. Get the Full Story Complete the form to...
Plaid, the FinTech that assists financial services companies with app development to connect with users’ bank accounts, rolled out a new tool for API developers of enterprise applications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Despite efforts at purging high denomination bank notes last year, new reports indicate 99 percent of the forbidden currencies were actually deposited or exchanged for new currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
