News

Organic Delivery Startup Good Eggs Lays Off 15 Percent
January 26, 2015

Organic food delivery startup Good Eggs, which collected a $21 million funding round last September, has laid off 15 percent of its roughly 215 employees, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

A Half Billion New (And Mostly Mobile) Users – What’s Next For The Web
January 24, 2015

Depending on ones perspective, the creation of the World Wide Web could reasonably be celebrated in March, December or January – depending on what you think actually constitutes the “Web” being born. Twenty-six years ago this March (2015), Sir Tim Berners-Lee first circulated his “informational...

News
Capital One Reports $999 Million Q4 Income
January 23, 2015

Capital One Financial Corporation has announced net income for the fourth quarter of 2014 of $999 million, or $1.73 per diluted common share. This marks a drop from the third quarter of 2014, when the company posted a net income of $1.1 billion, or $1.86...

Legal & Regulation
Wells Fargo, JPMorgan Chase Face Justice for Mortgage Kickbacks
January 23, 2015

The Wells Fargo wagon is a-comin’ down the street…and the Consumer Financial Protection Bureau expects it to contain $24 million, just for them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

PCI Chief Calls 2015 ‘Defining Year for Data Security’
January 23, 2015

Galvanized by President Barack Obama’s comments on cyberattacks in this week’s State of the Union address, PCI Security Standards Council general manager Stephen W. Orfei has declared 2015 to be “a defining year for cybersecurity protection.” Get the Full Story Complete the form to unlock...

MasterCard Removes Block On Cuba Transactions For U.S.-Issued Cards
January 23, 2015

A month after U.S. President Obama announced that the U.S. would ease up on restrictions on Cuba trade and travel, MasterCard announced today that it is removing the current block on U.S.-issued card transactions in Cuba, starting on March 1 of this year. The action...

At Davos, Bitcoin Finding Its Place Among World’s Elite
January 23, 2015

At the 2014 World Economic Forum in Davos, Switzerland, Treasury Secretary Jack Lew and JPMorgan Chase CEO Jamie Dimon were the only ones to speak about cryptocurrency, and that was to attack the “incredulity” of it in world finance. Get the Full Story Complete the form...

Can BankMobile Become the Uber of Banking?
January 23, 2015

Just as Uber was able to use mobile technology and ease of access to revolutionize the taxicab industry, Customers Bank CEO Jay Sidhu is hoping that his newly launched BankMobile can cause an equal or greater disruption in the banking industry. Get the Full Story...

Did You Hear The One About Apple Pay Adoption Being Faster Than The ATM …
January 23, 2015

There’s no denying that Apple Pay has shown a lot of strength right out of the gate. Part of that strength comes from its ability to get issuing banks engaged and enabling the provisioning of accounts in a simple way. At the time of launch...