News

Security & Fraud
Ransomware Infections Cost $1.6B In 2015
May 31, 2016

You know what they say, cybercrime pays. 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 this form, you agree...

This App Makes Credit Card Payments Automatic
May 31, 2016

There’s a new app in town that wants to make it easier to remember to pay those credit cards. 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
SWIFT Examines New Cyberattack Prevention Tech
May 31, 2016

In an effort to improve security, the global interbank messaging system said it would begin discussions with its users about new measures and tools that will assist the detection of fraudulent payment instructions, Reuters reported late last week. Get the Full Story Complete the form...

Security & Fraud
Did An Insider Make The Bangladesh Bank Heist Happen?
May 31, 2016

While the SWIFT interbank messaging service took its share of the blame in a report issued by a government-appointed committee investigating the hack of the central bank of Bangladesh that left $81 million AWOL, the more eye-catching detail is the suggestion that it may have...

Bitcoin
China’s Bitcoin Buying Binge
May 31, 2016

In a buying spree that began on Friday (May 27) and carried on through the four days since, Chinese investors managed to push the price of bitcoin up by 16 percent. As of the time this story was written, the price of an individual bitcoin was...

Why BoA Isn’t After Its Own Mobile Wallet
May 31, 2016

While big banks rush to play catch up on the mobile payments side, it appears for now that Bank of America isn’t quite ready to push forward its own digital wallet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Payroll, And Other B2B Payments, Ounce By Golden Ounce
May 31, 2016

In an environment where currencies fluctuate wildly, paying far-flung workers can be problematic, on both sides of the transaction. One FinTech firm, GoldMoney, sees gold as a stabilizing force for payments large and small in the B2B arena. Darrell MacMullin, CEO of GoldMoney’s BitGold, explains...

Security & Fraud
$10M Ponzi Scheme Arises In Silicon Valley
May 31, 2016

Silicon Valley is not just the home to startups and angel investors but also, apparently, some bad apples. 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...

Payment Methods
Did Lending Club’s Ex-CEO Seek Out A Loan?
May 31, 2016

Talks are underway for beleaguered online lender Lending Club to secure financing from Citigroup to back up the loans that the former arranges, Bloomberg reported on Thursday (May 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...