News

Regulation
Have Bank Account, Will Travel In The UK?
August 11, 2016

Consumers in the U.K. are apparently loyal to their banks, and that is apparently a bad thing according to the U.K. Competition and Markets Authority, the competition watchdog for the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Does Self-Checkout Make Customer Want To Steal? (Yes)
August 11, 2016

As it turns out, the self-checkout line has a big drawback. 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...

Security & Fraud
FDIC Steps Up Its Security Efforts
August 11, 2016

The Federal Deposit Insurance Corporation (FDIC) is taking a new approach to cybersecurity. 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....

Alternative Finances
Square Capital Wades Into New Lending Waters
August 11, 2016

Hot on the heels of favorable Q2 results, Square, with Square Capital has made a move intended to keep the good news coming. It announced yesterday a partnership with Upserve, which means that funding from Square Capital will now be available to businesses operating outside...

Security & Fraud
DOJ Shuts Down Identity Trafficking Scheme
August 11, 2016

The Department of Justice announced on Wednesday (Aug. 10) that a suspect accused of taking part in an identity trafficking scheme that involved identity document runners, suppliers and brokers all working in unison to steal identities and commit financial fraud has pleaded guilty. Get the...

Security & Fraud
Ransomware Scam Is Being Targeted At Government Agencies
August 11, 2016

And the beat keeps going when it comes to ransomware scams, this time targeting U.S. government agencies. That’s according to Proofpoint researchers who identified a ransomware scam that sends out emails with an embedded malicious URL instead of attaching infected code to the email message...

Europe
Paysafe Eyes Expansion Following Big Beat On Earnings
August 11, 2016

After a revenue-doubling first half of 2016, Paysafe is launching a new digital wallet product that will help firms sell items like pharmaceuticals, alcohol and fresh groceries.  Paysafe made its initial appearance on the FTSE earlier this year – and has seen its sales grow...

Investments
Online Used Car Seller Carvana Closes $160 Million Round Of Venture Funding
August 11, 2016

Carvana, the Phoenix-based online used car dealer made famous by running a car vending machine, has raised $160 million in venture funding, putting its total funding at $460 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cross Border Commerce
As Games Unfold, Olympic Furniture Awaits Next Chapter
August 11, 2016

Thousands of athletes are staying in the Rio Olympic and Paralympic village, but what happens to all of the furniture after they leave town? One company is working to auction off more than 200,000 of those chairs, tables, beds and other pieces of furniture to...