News

Bitcoin
SEC Denies Second Bitcoin ETF
March 29, 2017

In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust. Get the Full...

Mobile Commerce
Microsoft Enhances Cortana, Gets Access To Android Lock Screen
March 29, 2017

Microsoft announced this week that Cortana, its voice assistant that it rolled out a year ago on Android and iOS devices in the U.S. and more recently in the U.K., can now be seen on the Android lock screen, giving users the ability to glance...

Partnerships / Acquisitions
Industrious Acquires PivotDesk, Raises $25M In New Funds
March 29, 2017

Industrious, the second-biggest U.S. coworking firm by number of locations, announced that it acquired PivotDesk, a search website for spare office space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Wells Fargo Agrees To $110M Settlement For Fake Accounts
March 29, 2017

Wells Fago has come to a settlement agreement with customers whose personal information their staff used to set up fake bank and credit card accounts. With this announcement, Wells gets one — rather expensive — step closer to putting the incident in the rearview mirror....

Security & Fraud
U.S. Officials Confirm Bangladesh Bank Heist State-Sponsored
March 29, 2017

According to reports out of an FBI official stationed in the Philippines, the theft of $81 million in funds hacked out of the Bangladesh central bank’s account at the NY Fed was a “state-sponsored” job. Get the Full Story Complete the form to unlock this...

Financial Inclusion
Illegal Immigration Crackdown Hitting Some Businesses’ Bottom Lines – Hard
March 29, 2017

As the Trump administration has stepped up the efforts of immigration and border control officers, immigrants to the U.S. are starting to avoid public places for fear of being stopped.  This has been bad news for small business that serve immigrant communities like Nadine Robinson’s...

Retail
Manhattan Landlords Find Loophole For Rising Retail Rent Prices
March 29, 2017

Urban real estate prices have seen a steady increase over the years. 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 newsletter, PYMNTS Today. By...

Security & Fraud
ATMs Drive Debit Card Fraud To Record Heights
March 29, 2017

Fraud detection and prevention is no cottage industry. As debit and credit cards grow in the field, making inroads to consumers where they’d not been held before, so too has the opportunity grown for skimming and pilfering. And FICO has seen an alarming uptick and uptake in...

B2B Payments
FinServ Has The Power To Combat Invoice Fraud
March 29, 2017

A new report from Global Financial Integrity (GFI) is highlighting the contribution fraudulent trade invoicing makes to the $2.2 trillion in transnational crime every year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...