News

Digital Banking
Wipro Launches Open Banking API Platform
November 08, 2016

Wipro, the information technology, consulting and business process services company, announced Monday (Nov. 7) it launched its Open Banking API platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
PayQwick Payment Platform For Pot Businesses Exceeds CA Guidelines
November 08, 2016

PayQwick, the closed-loop payment platform geared for the legal marijuana industry, announced Monday (Nov. 7) its payment processing, banking and compliance platform exceeds California State Board of Equalization track-and-trace recommendations and federal guidelines. Get the Full Story Complete the form to unlock this article and...

Banking
Compliance Costs Kill Banks’ Budget For Innovation
November 08, 2016

It’s getting hard out there for a tech vendor — particularly those that sell to banks. Banks are cutting costs these days — hit by high compliance costs and an interest rate that the Fed keeps delaying raising — and those costs are hitting vendors like DH Corp., Fiserv Inc....

Partnerships / Acquisitions
Blue Nile Goes Private In $500 Million Sale To Bain, Bow Street
November 08, 2016

Blue Nile, the online jewelry eStore, announced Monday (Nov. 7) it is going private via a deal in which it will be acquired by an investor group made up of Bain Capital Private Equity and Bow Street. Get the Full Story Complete the form to...

Security & Fraud
China Pushes Controversial Cybersecurity Law
November 08, 2016

China passed cybersecurity legislation on Monday (Nov. 7) to combat the growing number of threats of hacking and terrorism. However, Reuters reported that the new law has generated concerns from foreign companies and rights groups. Get the Full Story Complete the form to unlock this...

Stripe Launching Works With Stripe
November 08, 2016

Stripe is looking to expand its footprint from being just a payments startup, all by launching Works With Stripe, a businesses services platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Securing 442 Million Points Of Failure
November 08, 2016

442 million — that’s how many new bank accounts are opened every year — many of them now via mobile. In the latest PYMNTS Data Drivers, Karen Webster and Mitek GM Sarah Clark dig into the ways that mobile ID verification can help secure the...

Alternative Finances
Lending Club Beats The Street, Wants To Be BFFs With Banks
November 08, 2016

Lending Club managed to do something yesterday that it hasn’t been quite able to pull off in six months — it shocked The Street with good news. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

News
MoneyGram On FinTech’s Future: Interoperable And Digital
November 08, 2016

“It is quite amazing really how misunderstood the money transfer industry is,” MoneyGram CEO Alex Holmes told Karen Webster in a recent conversation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...