News

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...

B2B Payments
AvidXchange Tops Up With Latest Funding
November 30, 2016

B2B payments company AvidXchange has impressed investors again, it seems. The company announced its latest funding round Tuesday (Nov. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Merchant Innovation
PayPal Rolls Out Its Dedicated App For Business
November 30, 2016

Whether the holidays are the most wonderful time of the year is often a matter of taste. 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...

B2B Payments
Basware Launches B2C-Like Procurement Marketplace
November 30, 2016

Procure-to-pay service provider Basware is launching a new way for buyers and suppliers to connect. 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,...

B2B Payments
These States Hold The US’ Worst Late Payments Record
November 30, 2016

Late B2B payments are a problem everywhere, but three states hold the record for having the worst late payments record in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...