News

Merchant Innovation
Walmart Pay’s Lightning-Fast Rollout To 19 New States
July 05, 2016

If you think you’re reading the same story twice, your eyes aren’t playing tricks on you. On June 30, Walmart announced expansion into Arizona, California, New Mexico, Washington and Idaho. Over the holiday weekend the retail giant decided it could add to that list a little bit....

International
Will Brexit Make BoA Nix Its MBNA Sale?
July 05, 2016

Now that the Brexit has left the UK stricken with Bregret, international corporations are starting to come to terms with the thousands of wrenches Britain’s EU withdrawal has thrown into the gears of their operations. For some, like Bank of America, those wrenches are enough to call out...

Regulation
LendingClub’s Latest Setback: Investment Fund First Ever Negative Return
July 05, 2016

Every baseball fan knows a June swoon when they see one – a team that otherwise seems to be staffed by professional baseball players suddenly turns into a little league team that managed to sneak into the big leagues. They can’t hit, they can’t field...

Payment Methods
Berkshire Wants Higher Wells Fargo Stake
July 05, 2016

Berkshire Hathaway, perhaps best known as the conglomerate steered by Warren Buffett, the famed investor, wants to boost its stake in Wells Fargo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
Android Devices Suffering From Flawed Full Disk Encryption En Masse
July 05, 2016

Nothing says welcome back from a long holiday weekend like a massive security flaw in the mostly commonly carried smartphone OS on Earth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
What Brexit Means For The UK’s Small Banks
July 05, 2016

Britain’s small specialist lenders may have a hard time facing the fallout of Brexit, The New York Times reported on Sunday (July 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

News
The Big Data Factor(Trust)
July 05, 2016

Data and analytics can be potent, predictive forces in determining when consumers are overextended and when their ability to pay will be compromised. FactorTrust’s CEO describes how that model can tap strong leads among the underbanked, and in SMB and B2B prospects as well.

Payment Methods
Singapore Banks Contemplate Payments Authentication Via Facebook/Twitter
July 05, 2016

One of the biggest hurdles to financial inclusion is sidestepping the normal roadblocks that keep burgeoning markets from taking the next step. Case in point: while mobile banking has opened up access to financial services for millions, the lack of accounts in physical branches and...

International
Europe’s VCs Have The Brexit Blues
July 05, 2016

Almost as soon as confirmed reports of Leave’s victory over Remain started pouring in, the thinkpieces and hot takes started reacting to the doom-and-gloom future that surely awaited Britain’s financial fate. Normally, knee-jerk reporting leads to hasty conclusions – but in this particular case, the...