News

Mobile Commerce
Visa Payments, (Truly) Mobile With Fitbit’s Ionic Smartwatch
August 28, 2017

Fitbit is debuting its Ionic watch – enabled for Visa payments.  And, as noted Monday by the two companies, and as the data shows in the latest joint “How We Will Pay” study by Visa and PYMNTS, the timing is right for truly mobile payments...

B2B Payments
Sears’ Payment Default Risk Has Suppliers Fleeing
August 28, 2017

Some Sears suppliers are refusing to work with the company, while others are demanding more favorable payment terms, as they struggle to find affordable accounts receivable insurance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
EU Investment Fund Continues Withdrawal From UK SMB Funding
August 28, 2017

Non-financial business lending in the U.K. has dipped significantly, according to new data outlined by Business Matters, with European funds also pulling back from the market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
HSBC Business Accounts Frozen After AML Misstep
August 28, 2017

HSBC U.K. has reportedly frozen some small business (SMB) bank accounts, according to news reports from Reuters. 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...

B2B Payments
SMBs’ Focus On Financial Expertise Leads Growth Strategy
August 28, 2017

Small business lending in the U.K. took a major downturn in July, according to new figures, with financing dropping by $900 million in a single month. According to the Federation of Small Businesses’ Head Mike Cherry, the trend is both a reflection of declining demand...

Payment Methods
Profits Up More Than 130 percent In Klarna’s Half-Year Report
August 28, 2017

Klarna, the online payments firm based in Sweden, and one of the unicorns that came of age with a more than $1-billion valuation, posted results Friday detailing growth for the first half of the year. Get the Full Story Complete the form to unlock this...

International
Naspers Chairman Pushes Back On Calls To Sell Its Tencent Stake
August 28, 2017

Faced with calls to break up the eCommerce and Pay TV company and sell its stake in Tecent, the chairman of South Africa’s Naspers said that idea doesn’t take into account the long term. Get the Full Story Complete the form to unlock this article...

Ridesharing
Expedia Head Dara Khosrowshahi Will Be Uber’s CEO
August 28, 2017

Uber Technologies may have been mulling General Electric Chairman Jeff Immelt as its new CEO, but it seems Expedia chief Dara Khosrowshahi will be Uber’s new CEO instead. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
New York State Of (Cybersecurity) Mind
August 28, 2017

New cyber-rules are taking effect in New York state, with wide-ranging impact for financial services players near and far.  Brexit gets down to business on data protection, and Down Under, underworld activities are raking in the (digital) dollars.