News

B2B Payments
Tungsten’s Shine On Early B2B Payments
November 30, 2016

B2B payments and invoice management get easier with technology, and early payments help cash flow, Prabhat Vira, president of Tungsten Network Finance, told PYMNTS.

Security & Fraud
Chinese Companies Seeing Deluge Of Cyberattacks
November 30, 2016

The U.S. and Europe aren’t the only two areas that are seeing an increased amount of cyberattacks. According to a Reuters report, Chinese companies are seeing a deluge of attacks in recent weeks. Get the Full Story Complete the form to unlock this article and enjoy...

eCommerce
Affirm Supports Four More eCommerce Platforms
November 30, 2016

Retailers using the Kibo Commerce, BigCommerce, AspDotNetStorefront or Zen-Cart eCommerce platforms now have a new financial support option as of Tuesday (Nov. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Digital Banking
Why Simply Shuttering Branches Isn’t A Solution For Banks
November 30, 2016

While shutting down branches has been a favored solution among banks looking to save a bit of money, new data out from Bain & Company indicates that it might not be the best way. Get the Full Story Complete the form to unlock this article...

CFPB
Consumers Complaining About Debt Settlement, Check Cashing, Says CFPB
November 30, 2016

The CFPB said Tuesday (Nov. 29) that it released its monthly snapshot spotlighting consumer complaints, and the highest levels of complaints focused on debt settlement and check cashing services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Liechtenstein Bank Blackmailed By Hackers
November 30, 2016

A Liechtenstein-based bank has been threatened by blackmailers demanding bitcoin as ransom. According to Reuters, an unknown blackmailer is demanding that Valartis Bank Liechtenstein pay a portion of their savings or else risk releasing account details to both the media and authorities. Get the Full Story...

Partnerships / Acquisitions
UATP Inks Contactless Payments Partnership With Paymagnet
November 30, 2016

UATP, the global travel payments network, announced Tuesday (Nov. 29) that it has inked a partnership with Paymagnet, the contactless payments company, to supply its member airlines with the ability to accept contactless card payments within an airline’s mobile app or on an NFC-enabled smartphone....

Regulation
FCA Seeks Feedback On High-Cost Credit Products
November 30, 2016

The U.K.’s Financial Conduct Authority (FCA) announced Tuesday (Nov. 29) it is seeking evidence and feedback to further its work on high-cost credit, including a review of the payday loan price cap. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
What The Updated EU Standards Mean For Corporate Hedging
November 30, 2016

Companies within the European Union, listen up: The European Financial Reporting Advisory Group (EFRAG) has embraced new financial standards on financial instruments, and earlier adoption is now possible within the EU.  IFRS 9 Financial Instruments will become effective for years beginning on or after 1...