News

Banking
Goldman Sachs To Launch Mobile App For Consumers
July 07, 2017

Goldman Sachs, the Wall Street bank that has been offering more services to retail consumers in the last few years, is working on a mobile app for the iPhone. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

The IRS May Limit The Records Requested In Coinbase Fight
July 07, 2017

The Internal Revenue Service could pull back its inquiry into around 1 million Coinbase customers accounts, requiring less information on the users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Payment Methods
Monzo Disables Card Payments Due To Supplier Issue
July 07, 2017

Monzo, the U.K. challenger to traditional banks, has reportedly disabled card payments after having an issue with a supplier. 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...

Partnerships / Acquisitions
Symantec Beefs Up Its Security Offerings With Fireglass Buy
July 07, 2017

Symantec, the cybersecurity company, made news on Thursday (July 6) with its acquisition of Fireglass, the Israeli agentless isolation solution startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Payment Methods
SWIFT Adds 22 Banks To Its Blockchain Proof Of Concept
July 07, 2017

Secure financial messaging services provider SWIFT announced Thursday that 22 additional global banks had joined its blockchain proof of concept (PoC). The PoC is designed to validate whether the technology can help banks reconcile international nostro accounts in real time. Get the Full Story Complete...

Security & Fraud
Reckitt Benckiser Says Petya Attack Will Cost It
July 07, 2017

Reckitt Benckiser Group Plc, the consumer goods company, said Thursday (July 6) the Petya cyberattack in June is likely to cost it 2 percent of sales in the second quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
First Data Completes Its Purchase Of CardConnect
July 07, 2017

First Data Corporation, the commerce-enabling technology  and CardConnect, a payment processing and technology solutions provider, announced Thursday (July 6)  the successful completion of First Data’s tender offer to purchase the outstanding shares of CardConnect common stock for $15 per share in cash Get the Full...

Investments
VW Investing In LA Connected Car FinTech, AutoGravity
July 07, 2017

Volkswagen Credit made news on Thursday when it announced that it is taking an equity stake in AutoGravity, a FinTech firm focused on car shopping and auto financing across mobile devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Merchant Innovation
Wells Fargo Debuts Stakeholder Relations Group
July 07, 2017

 Wells Fargo announced Thursday it is launching a new division combining a series of work functions from investor relations and corporate relations to public policy. The division launch comes in the wake of well-publicized scandals that have “tarnished the bank’s reputation,” according to Reuters. Get the...