News

B2B Payments
Hyperwallet Keeps On-Demand Economy Tax-Compliant
October 05, 2016

Payout service provider Hyperwallet is targeting the on-demand economy, where gig workers can struggle to get paid and their employers struggle to remain compliant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payment Methods
Broadening The Online Market’s Reach, Shrinking Complexity
October 05, 2016

  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 this form, you agree to receive marketing communications from PYMNTS...

Banking
Wells Fargo Shut Out Of Illinois Bond Business; Chicago May Follow Suit
October 05, 2016

The Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond and investment work with Wells Fargo. Meanwhile, the Chicago City Council is gearing up to consider a moratorium on doing...

B2B Payments
The Smaller The SME, The Higher The Interest Rate
October 05, 2016

Small and medium-sized enterprises are known for facing tough hurdles in their search for financing, with SMEs considered high-risk among lenders. But a new report from CFIB finds that the smaller the company, the more difficult it is for them to access bank financing, forcing...

Eccrine Systems’ $5.5M For Sweat-Sensing Wearable
October 05, 2016

The “wearables” market is a hot one with many barriers to entry and even more to maintaining footing. Apple, Fitbit, Garmin, Pebble, Jawbone all have a stake in the game, while Microsoft may have lost its standing with the removal of the Band from online...

Payment Methods
First Bankcard Launches New Credit Card Benefits For SMBs
October 05, 2016

First Bankcard, a division of First National Bank of Omaha, announced on Tuesday (Oct. 4) the release of three new credit card benefits designed to support the business needs of small business and middle-market business customers. The new benefits include Cell Phone Protection, Mastercard Easy Savings and...

Euromonitor International On Emerging Market eCommerce
October 05, 2016

Euromonitor International has issued a new whitepaper aimed at internet retailers who want to expand into emerging markets. The paper highlights the need for retailers to understand how users access the internet in different markets, the logistics environment and consumer payment preferences.

Microsoft Band Snapped From Online Store
October 05, 2016

In terms of real estate, your wrist is a tight market. Wearables and smartwatches from Apple, Fitbit, Garmin, Pebble, Jawbone — the list goes on — all seem to be vying competitively to be the one to wrap around your wrist. Get the Full Story...

Investments
iwoca Raises £21 Million From Prime Ventures, Existing Investors
October 05, 2016

Iwoca, a London-based FinTech startup, has reportedly raised £21 million from Prime Ventures and existing investors Acton Capital Partners, CommerzVentures, Global Founders Capital and Redline Capital. The startup, founded in 2011, has also secured a £25 million debt facility with bank Shawbrook. Get the Full...