News

International
Tapp Commerce Secures $9M To Expand P2P Payments
June 14, 2016

Tapp Commerce, the peer-to-peer commerce exchange network that traces its roots to Finland but has been targeting expansion in Asia, said on Sunday (June 12) that it has garnered $9 million to help fund growth initiatives. Get the Full Story Complete the form to unlock...

Europe
Hungary May Go Hungry For Uber Soon
June 14, 2016

After months of protests, Hungary has finally passed legislation that could block Uber‘s service in the nation of 10 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Partnerships / Acquisitions
DraftKings, FanDuel May Merge
June 14, 2016

Regardless of your opinions on its legality, daily fantasy sports gave rise to a boom market in digital transactions like most startups only dream about. However, after a few months of rough waters, it seems like the two biggest names in the daily fantasy market...

Bitcoin’s Price Surges To Two-Year High
June 14, 2016

Bitcoin did something yesterday (June 13) that no one has seen in two years — surge above the $700 mark. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Ripple Secures NY Bitcoin License
June 14, 2016

The state of New York just got another bitcoin company that can legally operate under the auspices of the state financial regulator’s guidelines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Security & Fraud
For Chargebacks, A 50 bp Rule Of Thumb
June 14, 2016

Chargebacks can sink profits and reputations — and more often than not they're tied to fraud. Once they hit 50 bps of transactions, says a new eBook by Kount, it's time to dig deeper. Here's why ignorance about chargebacks is anything but corporate bliss

B2B Payments
RateSetter’s SME Lending Entrance Confirmed
June 14, 2016

Reports that surfaced last month hinting at RateSetter‘s entrance into the corporate lending space appear to have been true. According to Financial Times, the U.K. peer-to-peer lender has secured government approval to begin lending to small and medium-sized enterprises this week. Get the Full Story Complete...

Alternative Finances
SMBs, The Bedrock Of US Economy, Continue To Grow Faster Than US GDP
June 14, 2016

While the stock market has yo-yoed since the end of May 2015, reaching nearly its all-time high before dropping almost 9 percent in three months – all things considered, the economy is doing pretty well. The latest Store Front Business Index™ reveals that the businesses...

B2B Payments
Businesses Ready To Pay Bitcoin Ransoms
June 14, 2016

A U.K. corporate networking firm has found some intriguing patterns emerging among corporations as the risk of cybercrime grows. Researchers at Citrix this month found evidence that businesses are shoring up reserves of bitcoin so they can pay ransoms as quickly as possible should they...