News

Android Pay
Google’s Pixel Event: The Good, The Bad And The Weird
October 05, 2016

Whatever else one can say about the slew of products Google set loose yesterday at its big event in San Francisco — no one will ever say that Google did not think big enough, or that it has decided to wade into the wildly competitive world...

EMV
Chip-Reader Lawsuit Proceeds Against Card Companies
October 05, 2016

It’s been a year since the EMV card reader deadline. Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. Get the Full Story Complete the form to...

Payments Innovation
LG Smart TVs Getting Payments Via Paymentwall
October 05, 2016

LG and Paymentwall are teaming up to bring payments to television. 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 completing...

Loyalty & Rewards
American Express Platinum Card Holders To Get More Rewards Points For Airline Purchases
October 05, 2016

Credit card issuer American Express is gearing up to announce a big enhancement to its Platinum Card later this week in which members will earn five membership rewards points per each dollar they spend on airlines. Get the Full Story Complete the form to unlock this...

Investments
Remitly Raises $38 Million, Expanding Into Seven Countries
October 05, 2016

Remitly, the independent mobile remittance company based in the United States, announced on Tuesday (Oct. 4) it received $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank. The financing will help the company expand its...

Banking
Fitch Paints Negative Picture For Wells Fargo
October 05, 2016

Fitch, the credit rating agency, on Tuesday (Oct. 4) affirmed Wells Fargo’s ratings at “AA-/F1+” and Wells Fargo Bank, N.A.’s ratings at “AA/F1+” but revised the rating outlook to Negative from Stable. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Bluefin Payment Systems Gets Patent For Decryption-As-A-Service
October 05, 2016

Bluefin Payment Systems, the provider of PCI-validated point-to-point encryption (P2PE) solutions for retail, health care and higher education, announced on Tuesday (Oct. 4) the issuance of patent #9,461,973 by the United States Patent & Trademark Office on systems and methods for Decryption-as-a-Service (DaaS). The patent encompasses...

Alternative Finances
Racecar Driver Scott Tucker Owes The FTC $1.27 Billion Over Deceptive Payday Lending
October 05, 2016

Professional racecar driver Scott Tucker and companies he owns reportedly owe the Federal Trade Commission $1.27 billion over deceptive payday lending practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Amex Eyes A Revenue Opportunity Too Good For SMEs To Pass Up
October 05, 2016

The future looks bright for small businesses in the U.S., particularly for those that have taken to globalize their operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....