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Travelex
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Partnerships / AcquisitionsTravelex Ditches Sale After Banks Reject Offers
Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable...
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Security & FraudLondon’s Finablr Finds $1B In Debt Charged To Company
Finablr has uncovered around $1 billion in debt hidden from its board, in the latest news in the scandal that has pushed...
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NewsToday In Payments: PPP Loans Could Trigger Treasury Investigation; SMBs Say COVID-19 Relief Loans Won’t Spur Rehiring
In today’s top news, Treasury Secretary Steven Mnuchin said companies that received Paycheck Protection Program (PPP) loans without qualifying could face investigations,...
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BusinessHobbled By Hackers And COVID-19, Travelex Goes Up For Sale
Travelex, the British foreign exchange company, is seeking a buyer, the Financial Times (FT) reported. “As part of its continuing assessment of...
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Security & FraudTravelex Reportedly Paid $2.3M Ransom To Hackers
Travelex, the foreign exchange company that was crippled by hackers on New Year’s Eve, reportedly paid a $2.3 million ransom to get...
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CoronavirusTravelex Temporarily Closes British FX Offices
Amid fears over COVID-19, Travelex is closing down British bureaus for approximately eight weeks or a greater amount of time. The foreign...
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Security & FraudTravelex Parent Finablr On Verge Of Collapse
Payments company Finablr has said that it could be in danger of collapsing, and the Financial Conduct Authority (FCA) has frozen its...
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MarketsFinablr Exploring Options After NMC Health Link Tanks Stock
Finablr, which owns a number of currency-exchange businesses, including Travelex, is weighing its options after its stock took a hit due to...
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EconomyCoronavirus: Costco Sees Lines Over The Weekend, Goldman Sachs Tells Staff To Delay Inessential Int’l Travel
The coronavirus has wide-reaching effects on warehouse clubs, business travel, tourism and the economy as a whole. Here are the latest updates...
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Security & FraudData Shows 41 Pct Hike In Ransomware Attacks In 2019
Ransomware hackers are striking more frequently, taking down computer networks across businesses, hospital and governments, the New York Times reported on Sunday...
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Security & FraudTravelex Back Online After Cyberattack
Money travel service Travelex is back online after a cyberattack forced it to use paper and pen to manually complete transactions for...
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Security & FraudDozens Of US Firms Had Same Security Flaw As Travelex
The vulnerability that allowed Travelex to be attacked by hackers has existed at many other companies and institutions in the U.S., according...
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Security & FraudTravelex Systems Back Online; Customers Receive Refunds
Foreign exchange company Travelex is back online with some of its electronic services after its system was brought down by hackers nearly two...
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B2B PaymentsThe B2B Payments Fraud Threat Of Internal Employees
It was a difficult week for businesses getting hit with cyberattacks, with foreign currency company Travelex among the most high-profile of recent...
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Security & FraudTravelex Checking Employees’ Computers For Signs Of Ransomware
Some employees of Travelex, a company that was recently hit with a ransomware attack, were forced to hand over their laptops to...
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Security & FraudThe Troubling Ripple Effects Of The Travelex FX Hack
It might make sense that as commerce goes ever global, and as banks do an increasing volume of business cross-border, that the...
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Security & FraudTravelex Attack Forces Shutdown Of Samsung Pay’s Cross-Border Transfers
A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according...
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Security & FraudTravelex Attack Forces UK Banks To Halt Foreign Currency Service
Lenders including Barclays, HSBC, Royal Bank of Scotland and Virgin Money had to stop foreign currency services after exchange provider Travelex was...
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Security & FraudTravelex Foresees No Financial Impact From Ransomware Attack
Travelex, a foreign exchange and payments company, was thrown into chaos around New Year’s after a ransomware attack locked up its systems,...
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Security & FraudUK Police Investigate Travelex Ransomware Attack, Ransom Demand
The alleged perpetrators of a cyberattack on Travelex, the “world’s largest retail currency dealer,” was Sodinokibi, a cyber gang demanding ransom, according...
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Security & FraudTravelex Goes Offline Following Cyberattack
Retail currency dealer Travelex was offline on Thursday (Jan. 2) after being infiltrated by a software virus, the Financial Times (FT) reported....
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InternationalSamsung Pay, Finablr Launch In-App International Money Transfer
Global payments platform Finablr is partnering with Samsung Pay for app-based cross-border payments, Finablr announced in a press release on Thursday (Oct....
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B2B PaymentsFinTech/API Efforts Gain Ground in Europe
Open banking is opening doors for FinTech and FI collaborations, where cross pollination of financial services and products is gathering momentum. In...
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B2B PaymentsTravelex Launches Global B2B Payments Platform
Travelex, part of the United Arab Emirates-based Finablr, is rolling out a FinTech business-to-business (B2B) platform called Travelex Business, IBS Intelligence reported...
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Today In DataLiving Up To The Hype (Or Not)
The hype is everywhere. It’s easy to get swept up in a world full of the “next big things.” Easy — but...
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Partnerships / AcquisitionsMore Than A Merger: The Finablr Vision
Portmanteau: /noun/ A word that blends the sounds and meanings of two other words, such as “motel” (motor and hotel), “brunch” (breakfast...
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InternationalTravelex And UAE Exchange Owner Eyes IPO
Billionaire Bavaguthu Raghuram Shetty is combining Travelex and UAE Exchange under one parent company called Finablr in preparation for a possible initial...
