News

B2B Payments
Dynamic Discounting A Must For More AP Departments, Report Finds
August 24, 2017

According to new data from business management consulting firm PayStream Advisors, dynamic discounting, which allows corporate buyers to receive a discount on their invoices based on how early they pay, is taking off in the accounts payable (AP) realm. Get the Full Story Complete the...

Ridesharing
Uber Relaunches Visa Rewards Program
August 24, 2017

On Wednesday (Aug. 23), ridesharing platform Uber announced the relaunch of Visa Local Offers, a rewards program giving Uber riders around the country the ability to earn Uber credits by using the Visa card attached to their Uber accounts when spending at restaurants, shops and...

Applause To Be Acquired By Vista Equity Partners
August 24, 2017

Investment firm Vista Equity Partners has agreed to acquire digital experience research and testing firm Applause, the two companies announced. Applause will still operate as an independent unit, and executive leadership will remain the same following the deal, which is subject to standard regulatory approvals. Get the Full...

Payment Methods
Estonia Gearing Up To Launch Its Own Cryptocurrency
August 24, 2017

Estonia is gearing up to launch its own virtual currency and turning to Vitalik Buterin, the founder of cryptocurrency Ethereum. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
WEX Lands A Telematics Contract From Homeland Security
August 24, 2017

WEX, a global provider of corporate payment solutions, announced Wednesday (Aug. 23) it has been awarded a five-year blanket purchase agreement by the Department of Homeland Security (DHS) to supply vehicle telematics products and services through its GSA Schedule 70 contract. Get the Full Story...

Security & Fraud
AmEx Owes $96M To U.S. Territories Customers For Discriminatory Practices
August 24, 2017

The Consumer Financial Protection Bureau (CFPB) announced Wednesday (Aug. 23) that it has taken action against two American Express banking subsidiaries for discriminating against consumers in Puerto Rico, the U.S. Virgin Islands and other U.S. territories by providing them with credit and charge card terms...

Retail
Target Names New Executive To Oversee Strategy And Innovation
August 24, 2017

Retailer Target announced Wednesday (Aug. 23) the appointment of  Minsok Pak as executive vice president, chief strategy and innovation officer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Mobile Payments
3D Secure 2.0’s Six Pillars
August 24, 2017

Like Web 2.0, Mobile 2.0, and Vegetables 2.0 (And, yes, that’s a thing. Have you ever had fried brussels sprouts?), 3D-Secure 2.0 is also taking something in need of an upgrade and making it better. In this case, though, that upgrade comes to a security...

Security & Fraud
Slowing Down Fraud When Payments Speed Up
August 24, 2017

There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT, thinks there’s just as much reason for caution. Get the Full Story...