News

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...

Payments Innovation
FinTech: What “60 Minutes” Left Out
May 03, 2016

CBS’ iconic “60 Minutes” broadcast on Sunday introduced mainstream America to this new thing (actually 45 years old) called FinTech, and used Stripe as an example of how accepting payments online can be as simple as “posting a picture to Instagram.” BlueSnap CEO Ralph Dangelmaier...

Omnicommerce
Is The Grass Really Greener On The Omnichannel Side?
May 03, 2016

Omnichannel is such a huge buzzword across the retail and payments landscapes that it’s easy to forget how significant the decision is to go down the multichannel path. While some may see facilitating omnicommerce as a requirement for merchants, new research shows that what’s good...

Judge: $26M Ruling On Amazon’s In-App Charges Too High
May 03, 2016

It appears that Amazon has gotten to make a return of its own — in the form of an initial penalty recommended by the FTC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

The New Arbitration Rules Are (Almost) Here
May 03, 2016

While most of the financial services world has been buzzing about the coming payday lending regulations expected shortly from the Consumer Finance Protection Bureau, it seems another set of new rules may be about to quietly jump the line. Get the Full Story Complete the...

Uber Celebrates 5-Year NYC Anniversary With $5 Rides, Free Pizza
May 03, 2016

Of the dozens of world-famous elements that make New York City what it is, the Big Apple’s traffic and its pizza rank highly on that list. How fitting then that Uber decided to mark a Manhattan milestone with some greasy, foldable slices and even more...

Payment Methods
Upscale Goldman, Moving Downstream?
May 02, 2016

In its search for a boost to its return on equity, Goldman Sachs may be bringing its brand to the masses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue
May 02, 2016

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. According to various reports, the case could well find itself...