News

Mobile Payments
Wirecard Rolls Out boon Mobile Payment Service In France
January 18, 2017

Wirecard, the digital payment company, announced Tuesday (Jan. 17) it is rolling out its mobile payment solution, boon, in France. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

eCommerce
Online Used Goods Marketplace Letgo Raises $175M in Huge Venture Capital Round
January 18, 2017

Letgo, the online used goods marketplace, secured $175 million in funding. 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 completing...

Investments
Gig Startup Shiftgig In $20M Series C
January 18, 2017

As the gig economy continues to grow, more and more workers in the U.S. and elsewhere are looking to temporary, freelance or gig work to earn some extra cash. Additionally, many temporary and gig workers are becoming more reliant on gig work as a primary...

Regulation
Dems Say CFPB Would Sue If Director Ousted By Trump
January 18, 2017

On Tuesday (Jan. 17) top Democrats announced plans to defend the Consumer Financial Protection Bureau if President-elect Donald Trump moves forward with removing Richard Cordray as head of the CFPB upon being sworn in later this week, American Banker reported. Get the Full Story Complete...

NY Regulators Unhappy With OCC’s Bank Charter Plan For FinTechs
January 18, 2017

The financial services regulator for the state of New York said Tuesday (Jan. 17) that it “formally opposed” charters that would let FinTech firms, including online lenders, operate nationwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bitcoin
Coinbase To Fight IRS Probe
January 18, 2017

In mid-November last year, the IRS sought access to bitcoin exchange Coinbase’s user records as part of an investigation into alleged tax violations connected to digital currency. Coinbase user and attorney Jeffrey K. Berns filed a motion in federal court seeking to block the IRS...

Payment Methods
Revolut Rolls Out Ability To Split Payments Via The App
January 18, 2017

Revolut, the global money app, announced Tuesday (Jan. 17) it launched a new feature that lets customers split the cost of any payment via their phone. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Card-Not-Present Fraud Picking Up In US
January 18, 2017

Card-not-present (CNP) fraud is increasing as cyber thieves are showing they are quite able to use both technology and stolen payment card data to defraud retailers around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
WEX, OnDeck Double-Team Against SME Funding Gaps
January 18, 2017

The alternative finance industry may have emerged as competition to the banks, but today, it’s commonplace for traditional FIs to partner with alt-lenders. That partnership trend appears to be permeating other areas of SME financial services, with the latest tie-up to be between OnDeck Capital and...