News

International
Xoom Expands In Asia To Make It Easier To Send Money To Japan
January 04, 2017

Xoom, a digital money transfer provider, announced Tuesday (Jan. 3) it is expanding its services in Asia as a way to make it easier for U.S. residents to quickly send money to Japan. Get the Full Story Complete the form to unlock this article and...

International
Paytm Gets Permission To Launch A Bank
January 04, 2017

Paytm, the leading mobile pay firm in India, announced Tuesday (Jan. 3) that it received permission from the Reserve Bank of India to formally launch Paytm Payments Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
India’s Call Centers Are Becoming Avenues To Scam Americans
January 04, 2017

India’s sprawling customer service industry isn’t only there to help Americans with their legions of questions and complaints. Increasingly, it is designed to scam consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
FinTechs In Canada Getting Lots Of VC Love
January 04, 2017

Canadian financial technology companies backed by venture capitalists reached a level not seen in nearly two decades, despite a slowdown of investment dollars flowing into FinTechs in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Partnerships / Acquisitions
BBVA Buys Openpay As It Aims To Boost Digital Business Portfolio
January 04, 2017

BBVA announced Tuesday (Jan. 3) it inked an agreement to buy Openpay, a startup in Mexico that offers online payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Reliance On Card Data ‘Sneak Peeks’ Is Making Retail Stocks Volatile
January 04, 2017

Once upon a time, investors in retail stocks counted cars in parking lots, measured mall foot traffic and kept an eye out for discounts to keep track of what the marketplace really looked like. In the era of digital, that behavior has given way to...

Loyalty & Rewards
Sapphire Reserve’s Super-Sized Rewards Are Getting Scaled Back
January 04, 2017

For those who specialize in “points hacking” — a completely legal exercise in trying to maximally combine card program rewards points and programs — the Sapphire Reserve Card and its 100,000 points bonus was almost too good to be true. The monetary value of those bonuses was about...

Investments
Monese Raises $10M To Expand Mobile Banking
January 04, 2017

London-based digital banking startup Monese has raised $10 million in a Series A, with investments coming from Anthemis Exponential Ventures, Korea Investment Partners and STE Capital, among others — as well as from previous investors Smartcap and Seecamp. Get the Full Story Complete the form...

CFPB
CFPB Fines Equifax, TransUnion For Misleading Consumers
January 04, 2017

The Consumer Financial Protection Bureau said Tuesday (Jan. 3) that it has fined TransUnion and Equifax amid allegations that the two companies misled consumers about “the usefulness and actual cost” of the credit scores that had been sold, according to a release by the bureau....