News

Wells Fargo To Update New Employee Comp Strategy
January 09, 2017

Wells Fargo said it is putting the final touches on a new compensation plan, as it continues to rebuild its reputation and win back customers in the new year, post-scandal. The Wall Street Journal reported that the plan will replace the old sales goals that put the...

Banking
UK Cash Withdrawals Set Record On Dec. 23
January 09, 2017

Cash withdrawals set a record on Dec. 23 in the U.K., with Brits withdrawing £730 million from LINK cash machines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

South East Asia
China Cracking Down On P2P Lending
January 09, 2017

The first nationwide crackdown on P2P lending in China is underway — and expected to eliminate many of the 2,400 or so leading platforms in the nation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
Hackers Use Smartphones To Block 911 Access
January 09, 2017

A new attack is emerging in which the hackers can prevent access to 911, and it may just be because of vulnerabilities in the system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB Shuffles Exec Deck Days Before Inauguration
January 09, 2017

With less than two weeks before Donald Trump’s inauguration, the Consumer Financial Protection Bureau has released five changes to its senior leadership lineup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bitcoin
China’s Central Bank Urges Caution; Tanks Bitcoin
January 09, 2017

Urging of caution when it comes to investing in bitcoin by China sent the price of bitcoin plunging 12 percent late last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Signing Off, With An Eye On B2B Process
January 09, 2017

Supply chain management can see friction across several points, from sourcing to end contracts. That just won’t do when time and money and government compliance converge. Digital tracking and eSignatures can help salve those friction points, according to eSignLive President Tommy Petrogiannis and ASC Networks VP of...

Partnerships / Acquisitions
Bain, Advent Near Deal To Buy Concardis
January 09, 2017

Bain Capital and Advent, the two private equity firms, are close to inking a deal to acquire Concardis, a German payment group. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Amazon One Of 7 Picked For Online Food Stamp Pilot
January 09, 2017

The U.S. food stamp program seems set for a digital upgrade. The Department of Agriculture is launching a pilot program that would enable Americans that participate in the Supplemental Nutrition Assistance Program (SNAP) — AKA food stamps — to use them to buy groceries online. To this point, using...