News

Banking
New CEO Not Wells Fargo’s Savior
October 17, 2016

Tim Sloan’s debut as Wells Fargo’s new CEO left The Street nonplussed. 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...

Partnerships / Acquisitions
Naspers Sells Allegro To PE Group For $3.25 Billion
October 17, 2016

Cinven, Permira and Mid Europa Partners agreed on Friday (Oct. 14) to acquire Naspers’ Polish online auction site, dubbed Allegro, for $3.25 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Watchdog Marks 15 Swiss Banks As At Risk For Money Laundering
October 17, 2016

According to financial services watchdog FINMA, about 15 Swiss banks are exposed to the risk of money laundering — or are in what they the call the “red zone.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Resy To Launch In Seattle
October 17, 2016

The online reservation space has gotten a little bit more crowded. GeekWire reported that, on Monday (Oct. 17), Resv is debuting in Seattle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Small Biz Group Presses UK To Do More On Late Payments
October 17, 2016

The Federation of Small Businesses (FSB) said the U.K. government’s latest efforts to combat late B2B payments to small suppliers fell short of what’s necessary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
Long And Winding (Court) Road For CFPB Case
October 17, 2016

Last week’s ruling by the D.C. Circuit that the CFPB’s structure is unconstitutional sets the stage for a hearing by the Supremes. At least, that’s the opinion of Columbia University law professor Ron Mann. You agree?

B2B Payments
Eved Adds Spend Analytics To Event Procurement
October 17, 2016

Eved specializes in corporate event procurement and spend management, having introduced EvedPay last year to streamline supplier payments for businesses’ event planners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Technology: SME Friend And Foe
October 17, 2016

Technology has the power to help a business rise up from the competition. From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. Get the Full Story Complete the form to unlock this...

IPO
First Data: One Year After The IPO
October 17, 2016

First Data went public — for the second time — on October 15, 2016. Karen Webster thought it would be fun to catch up with Frank Bisignano, First Data’s CEO, to get his perspective on the first year in the glare of the public market...