Nets, the Denmark-based card payment services company, has reportedly set the price range for its initial public offering. According to a report by Reuters, the price range for its previously announced IPO values the company at as much as $4.8 billion, which is close to double...
A new survey from global cybersecurity company Kaspersky Lab revealed that cyberattacks typically cost large businesses $861,000, on average. For SMBs, the damages from cyberattacks usually end up costing the company an average of $86,500. Get the Full Story Complete the form to unlock this...
Alibaba is on its path to world domination in biotech authentication. Ant Financial, Alibaba's payments unit, has bought EyeVerify, but the company is following a softly-softly approach by providing Western companies access to Chinese consumers rather than taking on giants Amazon and PayPal directly.
ACI Worldwide, a provider of real-time electronic payment and banking solutions, announced on Tuesday (Sept. 13) that its global payment processing solution, ACI Money Transfer System, was awarded the 2016 SWIFT Certified Application for Payments label. It marks the 19th consecutive year the company was bestowed...
In the midst of swirling controversy tied to sham accounts at Wells Fargo, CEO John Stumpf has said he intends to keep his position at the helm of the company. The executive was quoted on CNBC as stating: “I think the best thing I could...
Wells Fargo, which is coming under intense fire for the widespread practice of opening fake accounts to meet sales goals, could be part of a broader problem in the banking industry, despite the increased regulation and scrutiny. Get the Full Story Complete the form to...
Wells Fargo may be facing the largest fine ever levied by the Consumer Financial Protection Bureau after it was revealed employees opened up thousands of fake accounts, but the company’s chief financial officer, John Shrewsberry, said it isn’t a systematic problem at the company, just...
Virtual cards have a dirty, little secret, and the B2B payments space is beginning to catch on: For a technology that’s touted as an all-electronic way for corporates to pay, virtual cards sure do involve a lot of paper. Get the Full Story Complete the...
Analysts quarreled over how the U.K. referendum would impact the markets, but immediately after the nation voted to leave the European Union, it was too soon to decipher who got it right and wrong. Get the Full Story Complete the form to unlock this article...
