News

B2B Payments
Scotiabank, Royal Bank of Canada Shutter Marijuana SMB Accounts
September 13, 2016

Marijuana-related SMEs in Canada got hit with some bad news over the weekend. 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....

Banking
Why Wells Fargo’s Fake Accounts Didn’t Pay Off
September 13, 2016

Wells Fargo recently found itself in hot water for creating bogus bank accounts for its customers and now has to pay a $185 million fine to settle the charges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Merchant Innovation
eBay And Myer To Launch VR Department Store
September 13, 2016

EBay and Myer, the Australian marketplace, are joining forces to launch what they are billing as the world’s first virtual reality department store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Fusebill Secures $6M For Subscription Billing Solution
September 13, 2016

The subscription business model is taking over, especially within the enterprise adopting Software-as-a-Service solutions. That leaves opportunity to solve the challenge of charging businesses on a subscription basis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
GSMA Says All Three Madagascar Mobile Money Providers Will Work Together
September 13, 2016

The GSMA announced on Monday (Sept. 12) that all three mobile money providers in Madagascar, including Airtel Money, mVola and Orange Money, are launching interoperable mobile money services across the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

eCommerce
Ripple Effects: 1-Click To Catastrophe
September 13, 2016

The ripple effects of increasing eCommerce and consumer demand for fast deliveries is heralding new supply chains and logistics models. Retailers such as Target and Walmart are storing merchandise in warehouses for faster response to customer orders. Meanwhile, port and other transportation activity is slowing...

Artificial Intelligence
Habito Launches AI Mortgage Tool
September 13, 2016

Habito, the U.K. startup, announced on Monday (Sept. 12) it launched what it says is the world’s first artificially intelligent Digital Mortgage Adviser. With the tool, consumers can discuss their mortgage needs via any connected device 24 hours a day without having to talk to...

Faster Payments
Ready Or Not (Corporates), Here Comes Same Day ACH!
September 13, 2016

The payments industry may be more than ready for the long-awaited launch of Same Day ACH, but can the same be said for businesses and corporates? In this week’s episode of NACHA’s Countdown to Same Day ACH podcast series, Rob Unger, Senior Director at NACHA,...

Mobile Commerce
Livestock Mobile Commerce
September 12, 2016

The Muslim Eid al-Adha holiday in Senegal sees the trading of 700,000 sheep. Buyers and sellers at livestock markets used to be lucrative targets for pickpockets, but mobile payments are making it safer for all.