News

Banking
Big Banks Have To Up Their Games To Push Back Against FinTechs
September 27, 2016

The leading banks need to improve their customer service, maximize their security, minimize complexity and add value beyond payments if they want to survive and thrive, according to a new report by Boston Consulting Group (BCG). Get the Full Story Complete the form to unlock...

Payment Methods
Appeals Court Rules In Favor Of Amex Over Merchant Rules
September 27, 2016

American Express scored a victory on Monday (Sept. 26) after a federal appeals court paved the way for the credit card company to enforce rules that would prevent merchants that accept its cards from steering consumers to cards offered by competitors that have lower costs for...

Faster Payments
IBM Makes The Real-Time Payments Move
September 27, 2016

On Monday (Sept. 26), the tech giant launched new offerings to help commercial banks support real-time payments for its customers. With new immediate payment schemes in place, banks across the U.S., Europe and Asia will have the ability to clear consumer transactions in seconds. Get...

B2B Payments
Analyzing Invoices, For Funds And Profits
September 27, 2016

Visibility is crucial when SMBs want to find savings and improve cash flow tied to their own purchasing patterns, as Tungsten Network's Andrew Nichols explains.

Regulation
Investors Sue Wells Fargo For Misleading Them
September 27, 2016

Wells Fargo will now be facing — among other recent issues — a class action lawsuit that alleges the firm misled investors via its reports on its financial performance and materials on its successful sales practices. Get the Full Story Complete the form to unlock this article and...

Blockchain / Distributed Ledger
Blockchain Takes It To The House With Own Congressional Caucus
September 27, 2016

On Capitol Hill, it appears that blockchain — and digital currency itself — has arrived. 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,...

Russian Coffee Shop Pours For Bitcoin
September 27, 2016

Ready to pay for your morning coffee with bitcoin? One coffee shop in Moscow is one of the first in town to allow customers to use this form of payment for their espresso and croissants. Get the Full Story Complete the form to unlock this...

Regulation
Americans Think Wells CEO Should Take Sen. Warren’s Advice
September 27, 2016

The people have spoken, and when it comes to Wells Fargo CEO John Stumpf, it seems the people are in agreement with Senator Elizabeth Warren. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Security & Fraud
Going Mobile-Only To Get Smarter About Identity
September 27, 2016

Can a smartphone keep your money safe from fraud? September’s PYMNTS Digital Identity Tracker™ features an interview with David Velez, CEO of Brazilian digital financial services provider Nubank, about using the information stored on a user's smartphone to authenticate and verify customers. You can find...