News

B2B Payments
Acuity, Veem Partner For International B2B Wires
September 01, 2017

Cloud accounting company Acuity is teaming up with corporate payments firm Veem (formerly known as Align Commerce) to streamline cross-border B2B payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
FDIC Ends Money Laundering Consent Order With Discover Financial Unit
September 01, 2017

The Federal Deposit Insurance Corp. has ended a 2014 consent order with Discover Financial Services” banking unit. 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...

Payment Methods
Two Cryptocurrency Debit Card Companies Run Into Trouble With Visa
September 01, 2017

Shakepay and Xapo, the two companies pushing cryptocurrency debit cards, are running into problems with Visa, which has reportedly told them to stop offering services to customers who don’t live in the European Union. Get the Full Story Complete the form to unlock this article...

Mobile Payments
Alipay App To Be Accepted In South Africa
September 01, 2017

Alipay has partnered with Zapper, the fast-growing mobile payment, customer insights and digital marketing platform developed in South Africa, so Chinese tourists can use their smartphones to pay via QR code while traveling through South Africa. Get the Full Story Complete the form to unlock...

Security & Fraud
Yahoo Lawsuit Over Data Breaches Can Go Forward
September 01, 2017

Internet search browser company Yahoo, which was sold to Verizon Communications, will face a nationwide lawsuit lodged against it on behalf of more than 1 billion users. Those users were affected by the company’s recent data breaches, cyber attacks that were the largest ever. Get the...

Regulation
Australia Officially Bans Excessive Credit Surcharges
September 01, 2017

Australia has officially closed a legal loophole such that as of today, it is no longer legal to charge a credit card surcharge that is higher than the cost of taking the payment itself.  That adds up to about a 1.5 percent interchange fee for...

Security & Fraud
Nearly Half Of Global Firms Fail At Payment Security
September 01, 2017

It’s a good news/bad news sort of day for the progress of securing payments around the world via the PCI DSS standards, according to new data released by Verizon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
No Place For Hate Group Transaction Laundering
September 01, 2017

Agree or disagree with the Second Amendment, there’s nothing wrong with a website selling goods like hats and t-shirts to people who wish to wear their support on their sleeves. Or is there? Banks didn’t notice it at first, but on closer scrutiny, one particular...

Payments Innovation
Taming The High Risk Merchant Beast
September 01, 2017

T1 Payments has a lot in the hopper, with a new same-day settlement to partners offering coming soon. At the same time, the firm has been investing in managing merchant fraud. CEO Don Kasdon weighed in on what high risk really means when it comes...