News

Faster Payments
NACHA And The October (Faster Payments) Surprise
November 16, 2016

If you build it, they will come. And pay the very same day. 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....

Security & Fraud
Android Devices Could Get Infiltrated With Tracking Software
November 16, 2016

Update: ZTE provided a statement to PYMNTS: “We confirm that no ZTE devices in the U.S. have ever had the Adups software cited in recent news reports installed on them and will not.  ZTE always makes security and privacy a top priority for our customers....

Retail
Retail Sales Gain 4.3 Percent In October
November 16, 2016

Despite uncertainty about the U.S. election, shoppers didn’t reign in their spending this past October, enabling retail sales for the previous month to top expectations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Payment Methods
Inside A Busy First Month For Same Day ACH Payments
November 16, 2016

If you build it, they will come. And pay the very same day. 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....

Partnerships / Acquisitions
Android Auto Being Integrated Into Facebook Messenger
November 16, 2016

Google has been making a push into the automotive market, and according to a report, its in-car infotainment platform, Android Auto, can act as a standalone mobile app, with Facebook announcing it is integrating it into Messenger. Get the Full Story Complete the form to...

Alternative Finances
Marketplace Loan Default Rates Continue To Rise
November 16, 2016

More difficulties, it seems, for online lending marketplaces, as reports are emerging of parcels of consumer loans going bad faster than expected. As it turns out, good underwriting is harder to do than it seems from the outside — something that startups and bond underwriters are starting...

Biometrics
Visa Partners With BioConnect For Biometric Identity Platform
November 16, 2016

Visa is moving full steam ahead with getting rid of the password, embracing biometrics more fully. In a blog post, the credit card company announced it has partnered with BioConnect, a biometric identity platform provider, to show off an authentication process that avoids the need...

B2B Payments
Why SMEs Are Causing The Banks So Much Pain
November 16, 2016

Banks’ shortcomings when servicing small business clients have become an engine behind the FinTech boom. Alternative lenders, for instance, largely emerged as a response to banks retreating from the SME lending market. Other SME-serving FinTech companies are offering the digital payments and cash management solutions...

B2B Payments
SMBs Lean On Friends And Family To Thrive, BofA Finds
November 16, 2016

Despite what Bank of America describes as a “challenging business environment,” SMBs are thriving, thanks in large part to friends and family. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...