Over 100 banks worldwide have been hit in a cyberheist that Russian cybersecurity firm Kaspersky Lab estimates could have netted as much as $900 million in stolen funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Once transaction processing for Visa and MasterCard has been transferred to the new Russian National Payment Card System in April, the cards will again function in Crimea, a Russian government official said on Friday (Feb. 6). Get the Full Story Complete the form to unlock...
Ipagoo, an online-only service that lets Euro-zone customers create virtual bank accounts throughout Europe, is set to launch on Friday (Feb. 6), the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Bitcoin’s economics are inherently flawed and it isn’t mature enough for mass adoption, according to Greg Baxter, Citi’s head of digital strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
TransferWise has snagged a big pile of investment dollars in a round led by one of the Facebook’s earliest backers, Andreessen Horowitz. The UK-based P2P money transfer startup and Facebook have reportedly been in talks that would see TransferWise provide remittance services for the social networking...
Andrei Kostin, chief executive of Russia’s second-largest bank VTB, warned Friday that keeping his country from the Swift banking payment system would be tantamount to “war”. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.K.’s Institute of Directors has warned large businesses that the “scandal” of late payments is undermining the country’s economic recovery, and said the big corporations risked regulation by failing to pay their bills on time, the Financial Times reported. Get the Full Story Complete...
Russia’s answer to Amazon, Ulmart, has confirmed that it plans to IPO in the next year. Russia’s leading e-commerce company confirmed early today (January 21) that it will go public in a yet-to-be-determined Western stock exchange and that it is considering using the IPO to...
Uber CEO Travis Kalanick said he wants to expand operations in Europe, creating 50,000 jobs there and taking 400,000 personal vehicles off the road, according to Re/code. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
