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CFPB Tackles Issues Plaguing Medical Debt
January 16, 2015

The Consumer Financial Protection Bureau has made it a top priority to reveal some of the shadier practices harming consumers when it comes to debt collection. This year, the agency is pointing its spotlight on the complexities of medical debt, and its impact on credit...

Etsy Looking to Raise $300M With Q1 IPO
January 15, 2015

Long rumored and often wooed by big banks wanting to take the company public, the Brooklyn-based handmade crafts seller Etsy has announced that it will go public sometime in the first quarter of 2015, sources inside the company confirm. Working with Goldman Sachs and Morgan...

Moovit Raises $50M in New Round of Investments
January 15, 2015

Mobile payments are expected to be the next wave in the development of online payment, and it will become the most successful when integration into non-commerce apps take hold. One company looking to take advantage of cheaper mobile payment software as a complement to its...

Company Spotlight
MasterCard and Masabi Partner To Simplify Commuters’ Lives
January 15, 2015

Consumers are constantly looking for ways to simplify their lives; this includes everything from online banking to public transit. MasterCard now has their hand in each of these scenarios. The company announced today that it’s joining forces with Masabi, provider of mobile ticketing for transit,...

Former Tesco Head Invests $5M in Purple WiFi
January 15, 2015

As payments become increasingly electronic, and with advertising increasingly driven by social media footprint, having a low-cost public WiFi system presents both as a must for efficient payment processing as well as data gathering on consumer shopping habits. Looking to capitalize on the growing e-commerce industry...

Wells Fargo Q4 Earnings On Point
January 15, 2015

Diversification was a popular buzzword from CEOs of two of the four largest U.S. banking companies when reporting on fourth-quarter earnings. While it didn’t gain the same media attention, including the criticism, as its larger competition — JPMorgan and Chase — Wells Fargo posted strong...

B2B Payments
SWIFT Extends Sanctions Screening Service To Cover All Financial Messaging
January 15, 2015

Global financial-messaging network SWIFT has extended its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network, according to Cash & Treasury Management File. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Apple Pay
Apple Watch Will Use A Four-Digit PIN For Payments
January 15, 2015

Apple Watch will use a four-digit passcode that users must type before making Apple Pay payments, CSO Australia reported on Wednesday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

News
Airport Parking Companies: We Were Breached
January 15, 2015

Two online airport parking services have confirmed that they suffered payment card data breaches in December, Krebs on Security reported on Wednesday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...