News

Loyalty & Rewards
Amex’s 25-Year Membership Rewards Milestone Program
July 01, 2016

Are you among those just dying to see Broadway’s newest smash hit “Hamilton?” Or trying to get tickets to Justin Bieber’s sold out July show at Madison Square Garden? Or maybe you’re just in the market for a once-in-a-lifetime experience, like having a private dinner...

Acquiring
Citi Prepaid Card Services Acquired by Wirecard
July 01, 2016

Wirecard is about to enter the U.S. market after the company entered an agreement to buy Citi Prepaid Card Services. The German banking software company announced the deal with Citi Wednesday (June 30), but did not offer up terms of the deal. But according to a...

Security & Fraud
CFPB Recoups $24.5M For Consumers Hit With Illegal Payment Collection
July 01, 2016

The Consumer Financial Protection Bureau said Thursday (June 30) that it has, through the first four months of 2016, recovered $24.5 million for consumers harmed by illegal auto finance and other types of loans. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Google’s Security Team Finds Slew Of Symantec, Norton Flaws
July 01, 2016

Critical vulnerabilities in Symantec and Norton security products were discovered by Google’s “project zero” team, Fortune reported on Wednesday (June 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Merchant Innovation
Amazon Joins Private-Label Coffee, Baby Food Biz
July 01, 2016

From its humble beginnings as an online bookstore, Amazon has morphed into an eCommerce giant over the years as it built a strategy to sell, well, just about anything and everything you could possibly think of. Get the Full Story Complete the form to unlock...

Merchant Innovation
Luxe Parking App Fills Uber’s Void In Austin
July 01, 2016

Uber is the undisputed champion of the ride-sharing world, but even it can’t strong-arm local governments like Austin, Texas, that want to enact stricter background check regulations. When Uber left the Texas capital last month, though, an unlikely replacement stepped up to fill the on-demand-ride-sized...

International
Uber Driver Data Opens Lending Access In Kenya
July 01, 2016

A lack of customer data is a huge barrier that prevents many small businesses and individuals in Africa from access to loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bitcoin’s Big Halving Countdown And ‘Long Tail Risk’
July 01, 2016

On July 9, 2016, just eight days away, the bitcoin market is going to change. 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,...

B2B Payments
Alt Lending Anxieties Nowhere To Be Found
July 01, 2016

For weeks the FinTech industry has been managing fears and anxieties over the future of the novel alternative finance space. Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector...