News

Wall Street’s Secret ‘Digital Dollar’ Meeting
May 03, 2016

What happens when you get a group of Wall Streeters and 100 financial institution executives in one room to talk about FinTech beyond the power of the blockchain? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital Banking
Is A Bank Charter In This Silicon Valley Startup’s Future?
May 03, 2016

San Francisco-based Varo Money, a mobile-only banking startup, announced on Monday (May 2) that it raised more than $27 million in an investment round led by global private equity firm Warburg Pincus. Get the Full Story Complete the form to unlock this article and enjoy...

International
Inside Paytm’s Payments Bank Plan
May 03, 2016

It looks as though Alibaba-backed eCommerce startup Paytm is officially making moves to ensure it launches its payments bank this year as planned. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
Tencent Bows To Alibaba’s Mobile Payments Dominance
May 03, 2016

The battle in mobile payments, at least in one corner of China, is over — for now. 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...

B2B Payments
SME Optimism Waning In Election Season, Says Capital One
May 03, 2016

The economy may be in recovery, but small businesses in the U.S. aren’t really feeling it. The latest findings from Capital One’s Spark Business Barometer found a significant decline in small business optimism this year compared to their sentiments this time last year, reports said...

B2B Payments
CAN Capital Positions Itself For The Entrepreneur
May 03, 2016

According to the most recent CAN Capital Store Front Business Index, powered by PYMNTS, there are 3.4 million store front businesses in the U.S. today, a figure that represents a 3.4 percent increase during the fourth quarter of 2015. Each of those businesses is run...

Payments Innovation
Verifone CEO On Letting Go Of ‘Perfect Payments’
May 03, 2016

Does the idea of “payments nirvana” really hold any weight? Verifone CEO Paul Galant isn’t convinced. During his Fireside Chat with MPD CEO Karen Webster at Innovation Project 2016, Galant explained the need to let go of an idea of perfect payments and instead use...

Why Banks Dread Same Day ACH
May 03, 2016

When details emerged last month of SWIFT’s software compromise, it signaled, to some, the likely start of a spree of hacking attempts. Bangladeshi hackers reportedly infiltrated SWIFT’s Alliance Access software, creating false payment instructions to initiate a transfer of millions of dollars that remain unaccounted...

B2B Payments
Sizing Up Banks’ Payment Investment Plans
May 03, 2016

Think FIs are living in the past? A new report from ACI Worldwide, in conjunction with Ovum, finds banks of all types are deep in the hustle of competition and innovation as payments technologies evolve. Get the Full Story Complete the form to unlock this...