News

International
Greenfield Opportunity Looms In India For Online Financing
June 07, 2016

Millions of businesses — many of them small — have limited access to capital by traditional means and a need for speed and efficiency. Biz2Credit CEO Rohit Arora explains why India beckons as a sweet spot for the online lender’s financing marketplace.

International
Iran’s Plan To Sidestep Payments Regs
June 07, 2016

Iran is slated to go live with an offshore bank within a month in its Gulf islands, Forbes reported. 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
Hackers Steal 171M VK.com User Accounts
June 07, 2016

Social networking site VK.com is the latest victim in a string of targeted data breaches that have hit a host of other social media outlets such as LinkedIn, Tumblr and Myspace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Bitcoin Wallet Hit With DDoS Attack
June 07, 2016

BitGo, the online platform that has said it is among the most secure bitcoin wallets, was hit Saturday (June 4) with a massive DDoS attack. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB Sues Payment Processor
June 07, 2016

After mounting complaints from both banks and consumers about unauthorized withdrawals and other illicit activities, the accused payment processor is being taken to court. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
London Stock Exchange Lands On Anonymous’ Hit List
June 07, 2016

In May, hacktivist group Anonymous warned multiple financial institutions that it was going to take them down as part of Operation Icarus. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Alternative Finances
Why The New Short-Term Lending Rules Keep Banks Sidelined
June 07, 2016

“The most important number to keep in mind here is 12 million. A lot of numbers are getting thrown around in this debate, but 12 million is the one to watch because that is the number of Americans seeking small-dollar loans each year.”  Get the...

Regulation
The DOJ Sees Abuse Risks In Online Lending
June 07, 2016

The Department of Justice is taking a more interested look into the world of online financial services — lending in particular — as an area ripe for potential abuse as technology is replacing old school safeguarding systems. Get the Full Story Complete the form to...

Loyalty & Rewards
Uber’s New Features Aim To Boost Driver Morale
June 07, 2016

Uber has finally come up with a solution to cure its drivers’ woes. The company is rolling out new features in its app that will extend faster payments and loyalty coupons to its drivers. Get the Full Story Complete the form to unlock this article...