News

International
Why Ant Financial Wants Big Data
June 13, 2016

Chinese eCommerce giant Alibaba Group Holdings’ Ant Financial affiliate took a 20 percent stake in financial data provider Shanghai Suntime Information Technology, Reuters reported last week. The stake was amassed for a purchase price of $35 million, according to the newswire. Get the Full Story...

B2B Payments
QuickBooks Pushes For Truly Mobile SMB Management
June 13, 2016

Data is easy enough to come by. It’s making sense of it on the fly that is difficult. QuickBooks, whose Android app lets users track multiple companies and operations across phones, tells PYMNTS why mobilizing SMBs matters.

Investments
Symantec Sets Up To Buy Blue Coat Systems For $4.65B
June 13, 2016

Symantec is starting the week with a bang, announcing its intention to snap up Blue Coat Systems in a $4.65 billion deal that will broaden the security tech giant’s portfolio of cyberdefense tech and bring along a new CEO for good measure. Get the Full Story...

Regulation
How AT&T Got Sued By Citigroup For Saying ‘Thank You’
June 13, 2016

We all learned as children that we ought to mind our manners, but as AT&T learned this week, being polite can have some high costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Square’s SMB Checkup: 500K Readers In One Year
June 13, 2016

One year ago, Square unveiled its new mPOS device that accepts EMV and NFC payments, including Apple Pay. And one year later, Square provided a few updates about how it did in that first year. Get the Full Story Complete the form to unlock this...

Security & Fraud
Twitter Locks Out Millions After Data Breach
June 13, 2016

Late last week, a password leak hit Twitter, and the company locked millions of user accounts as a result. 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...

Walmart Canada Leaves 50.6M Visa Cardholders Hanging
June 13, 2016

In a recent move by a retailer to protest credit card transaction fees, Walmart Canada said that it will no longer accept Visa in its locations, a move against what the firm says are unpalatably high percentages taken as a slice of goods sold. Get...

VocaLink Launches Mobile Payments App For UK’s Big Banks
June 13, 2016

VocaLink is pairing up with four of the largest U.K. banks to launch the “Pay by Bank” mobile payments app, which will soon be available. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
The CFPB Is Spending Big On Some Improved PR
June 13, 2016

While one might think an organization with the words “consumer protection” in the name would not have much of a PR mountain to climb, the Consumer Financial Protection Bureau has always been unique. Get the Full Story Complete the form to unlock this article and...