News

Faster Payments
ACI Worldwide Gets UK Faster Payments Accreditation
May 25, 2016

ACI Worldwide, which offers up real-time electronic payments, said on Tuesday (May 24) that it has been accredited in the U.K.’s Faster Payments Scheme, garnering a certificate of accreditation known as a “trust mark.” In a release, ACI said that the accreditation shows that it is part of...

Volkswagen Pumps $300M Into Uber Rival
May 25, 2016

There’s another ridesharing company trying to grab more market share. 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...

Investments
VC Firm Raises $240M To Push Tech Investments
May 25, 2016

In a sign that all might not be lost in the venture capital world — and in California as a nexus for investment — March Capital Partners said that it has closed its first VC fund with a $240 million tally. Get the Full Story...

Security & Fraud
Bangladesh Cyberheist Hunt Failing To Yield Results
May 25, 2016

The Bangladesh cyberheist that occurred back in February has created a lot of noise — and spurred a lot of investigations — but what hasn’t happened yet is actually finding the person or group responsible for stealing $81 million via the central bank’s account at...

Is Snapchat Worth $20B?
May 25, 2016

Snapchat is raising another major funding round, and according to reports, it’s at a $20 billion valuation. 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
Revel Brings Expense Reporting Straight To The POS
May 25, 2016

Revel Systems wants to lessen the gap between a purchase and its appearance on a corporate expense sheet and has inked a partnership to do so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Why Banks Are Ditching FinTech SMEs — Without Warning
May 25, 2016

Post-financial crisis regulations have forced banks to become more diligent and aggressive against financial fraud, including money laundering. In response to new rules, financial institutions in the U.K. have heightened their practice of de-risking — that is, withdrawing bank accounts or other financial services from...

Payments Innovation
The Wearable POS
May 25, 2016

Most wearables are consumer devices that keep tabs on steps climbed or emails or texts received. LibriSpark CEO Jeremy Feldman tells PYMNTS in this month’s Developer Tracker™ that the technology is now available to help merchants reinvent the POS – by wearing it. He’s not...

Payment Methods
Are Retailers Ready To Ditch The Card Networks?
May 25, 2016

EMV’s laggard transition in the U.S. has set off a transition for retailers and the way they get paid – and should want to be paid by their customers, as ACI Worldwide’s CEO Philip Heasley explains to Karen Webster. The result is that it just...