News

Investments
Ripple Closes $55 Million Venture Capital Round
September 16, 2016

Ripple, the provider of financial settlement services, announced on Thursday (Sept. 15) it completed a $55 million Series B round of financing. Ripple said the funds will be used to accelerate customer growth, pursue strategic partnerships and grow the company’s team internationally. Get the Full...

Payment Methods
NFC Transaction Market Poised To Grow More Than 50 Percent In Coming Years
September 16, 2016

Research and Markets announced on Thursday (Sept. 15) the release of the “Global NFC Transaction Market 2016–2020” report, which found that the NFC transaction market is set to grow at a CAGR of 55.23 percent during the period of 2016 through 2020. Get the Full Story...

Partnerships / Acquisitions
Entrata And Visa Ink Alliance To Make It Easier To Pay Rent Via A Card
September 16, 2016

Payment processor Entrata announced on Thursday (Sept. 15) it entered into a strategic alliance with Visa to introduce an improved payment and authorization program to the multifamily industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
Senators Question Wells CEO About Getting Some Manager Compensation Back
September 16, 2016

Arguing that committing a massive fraud that creates millions of phony consumer accounts should not be the sort of thing that banking executives should be allowed to get rich doing, lawmakers are beginning to ask Wells Fargo CEO John Stumpf some tough questions about just what...

Mobile Payments
MTN South Africa Is Canceling Mobile Money Platform
September 16, 2016

Taking a page from competitor Vodacom South Africa, MTN South Africa is canceling its mobile payments platform, Mobile Money. 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...

Security & Fraud
Ransomware’s Heavy Costs
September 16, 2016

Krebs on Security reported that ransomware — the style of cybercriminality that infects files on a computer server and then forces users to pay up in order to restore them — has been exacting a cost that could get a lot heavier if hackers start to ask...

Security & Fraud
Two Former Bankrate Executives Can’t Get SEC Allegations Thrown Out
September 16, 2016

Two former executives at Bankrate were unsuccessful in convincing a federal judge to throw out U.S. Securities and Exchange Commission allegations that they manipulated the company’s results to meet forecasts of Wall Street analysts. Get the Full Story Complete the form to unlock this article...

B2B Payments
Three Cheers For B2B FinTech Startups
September 16, 2016

Only a few years ago, B2B payments were thought of as the underdog in FinTech innovation. This week, venture capitalists prove the doubters wrong, providing $105 million to startups that operate directly in the B2B payments space. Get the Full Story Complete the form to...

B2B Payments
Scam Hits QuickBooks SMEs
September 16, 2016

Small businesses in Australia using QuickBooks‘ cloud accounting solutions are being urged to back up their data after revelations of an email scam. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...