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Hackers Unlock Phones Via 3D Printing

There’s a new method hackers can use to break into someone’s smartphone: create a 3D-print life-size replica of the owner’s head. To...

656

Wearables

Wearables To Reach 125.3M Units By Year End

New data is predicting that global shipments of wearable devices will reach 125.3 million units in 2018, a 8.5 percent increase from...

London FinTech Raises $4M For ‘Social’ Bank

793

Innovation

London FinTech Raises $4M For ‘Social’ Bank

A financial technology company called B-Social has raised £3.2 million ($4 million) in funding from undisclosed but high net-worth entities, according to...

695

EBA To Banks: Prepare For Brexit

The European Banking Authority (EBA) told European banks on Monday (Dec. 17) to prepare for Brexit and the possible sudden withdrawal of...

France Anxious to Tax Apple, Google, Tech Giants

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France Anxious To Tax Apple, Google, Other Tech Giants

Bruno Le Maire, France’s economy minister, announced today (Dec. 17) that he wants France to start taxing big tech giants beginning Jan....

Rising Interest Rates Have Hurt Smaller Banks

688

Loans

Rising Interest Rates Put Dent In Small Bank Deposits

Smaller banks around the country are feeling the pinch as rising interest rates keep earnings static on loans and customers want more...

BMW Expands in China With Ride-Hailing Service

746

Ridesharing

BMW Launches Ride-Hailing Service In China

BMW has launched a ride-hailing service in the Chinese city of Chengdu, the company reported. The luxury car brand is the first...

746

International

Careem To Launch Food Delivery Service, Complete $500M Funding Round

Middle East-based ride-hailing company Careem is expanding its business into a delivery service, a tech outlet reported. The company, which is in...

UBS Dinged Millions For Violating Bank Secrecy Act

761

Partnerships / Acquisitions

UBS Fined $14.5M For Violating Bank Secrecy Act

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has assessed a $14.5 million fine against...

Saxo Buys BinckBank to Expand Online Customers

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Saxo Bank Buys BinckBank To Expand Online Trading Customer Base

Saxo Bank is gearing up to acquire BinckBank in a $480 million deal as it aims to expand in the online trading...

775

Economy

Consumer Spending In UK Falls In November Despite Black Friday

Consumer spending in the U.K. last month took its largest fall since July as worries about Brexit weighed on consumer confidence. According...

Apple Poaches Tesla Designer; Sparks Rumors Of Self-Driving Vehicle

791

Apple

Apple Woos Tesla Designer, Sparking Rumors Of Self-Driving Cars

Apple has poached Andrew Kim, a senior designer at Tesla, reported The Verge. According to the report, citing Kim’s LinkedIn profile, Kim...

701

Google

Google Invests More Than $1B To Expand In NYC

Google, the Internet search giant, announced Monday (Dec. 17) that it is stepping up its commitment to New York City by investing...

862

Payment Methods

Visa, Shieldpay Bring Card Payments To P2P, Classified Ads

Shieldpay, the London payments startup, announced Monday (Dec. 17) a new partnership with Visa in which the two will enable secure card...

Mastercard, BLIK Team for Contactless Payments

821

Partnerships / Acquisitions

Mastercard, BLIK Partner To Bring Contactless Payments To Poland

Mastercard, the global payments company, and Polish Payment Standard, the operator of BLIK, a Polish mobile payment system and scheme, announced Monday...

704

Core Retail Sales Grew 0.9 Percent In November

With declining gas prices, consumers in the U.S. apparently felt free to spend money on other goods and services. One indicator of...

1.1K

Google

Google Pauses Facial Recognition Commercialization

Google has vowed not to sell its facial recognition products until it can make sure the technology will not be abused. “Like...

1.3K

EMVCo Updates Protocol To Prevent CNP Fraud

EMVCo, the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions, announced late last week that it...

1.4K

Amazon

Amazon Overhauls Low-Margin Products In eCommerce Shift

Amazon is making moves to get rid of items on its site known as CRaP, which is short for “Can’t Realize a...

Olympic Store Debuts On Tmall

The International Olympic Committee (IOC) and Alibaba Group have announced the launch of the first-ever Olympic store on China’s Tmall. “We are delighted...

2.7K

Brexit

EBA: No-Deal Brexit Would Hurt UK Payment Firms

Payment providers in the U.K. are not fully prepared for the chance of a no-deal Brexit, warned the European Banking Authority late...

2.0K

Apple

Influential Apple Analyst: iPhone Demand Lower Than Expectations

Apple took a hit late last week after Ming-Chi Kuo, the closely followed Apple analyst at TF International Securities, warned that demand...

1.8K

Equifax Settles With NY AG Over App Security

The Office of the New York State Attorney General Barbara Underwood announced late last week it reached settlements with five companies whose...

2.4K

Bank Regulation

Robinhood Retreats From Checking, Savings Products

Robinhood, the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest,...

4.9K

Facebook

Facebook Data Breach Fines Could Top $1B

Facebook, the beleaguered social media giant that is facing intense scrutiny into its business practices, could be on the hook for a...

3.6K

Bitcoin

Bitcoin Daily: ‘Bitcoin Is Dead’; Congressman Says Crypto Can Pay For Trump’s Wall

Teenage bitcoin millionaire Erik Finman is now saying that the cryptocurrency is “dead.” “Bitcoin is dead, it’s too fragmented, there’s tons of...

Instagram Will Help Brands Market via Bookmarks

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New Instagram Feature Will Tell Brands About Bookmarked Products

Instagram is working on a shopping feature that would tell brands which products users are bookmarking, according to a report by CNBC....

Chinese Hackers Target Navy to Steal Secrets

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Chinese Hackers Target Navy Contractors To Steal Military Secrets

Chinese hackers have targeted U.S. Navy contractors and subcontractors to steal classified military information, according to a report by The Wall Street...

2.6K

UK Reg Tackles Authorized Push Payment Fraud

In an effort to help authorized push payment (APP) fraud victims, The U.K.’s Financial Conduct Authority (FCA) unveiled new rules on Friday...

Facebook: API Bug May Have Exposed Photos

2.5K

Facebook: API Bug May Have Exposed 6.8 Million Users’ Photos

A photo API bug may have affected 6.8 million Facebook users who gave permission for third-party apps to access their photos, according...

Bitcoin Falls Below $3,200 in New Declines

3.3K

Cryptocurrency

Bitcoin Falls Below $3.2K

Bitcoin fell to its lowest price in 15 months on Friday (Dec. 14), and analysts are predicting that further declines could be...

TransferGo Receives $17.6M In Series B Funding

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Investments

TransferGo Raises $17.6M For X-Border Payments

TransferGo, an up-and-coming international money transfer company, has raised more than $17.6 million in a Series B funding round, according to a...

Propel Notches $12.8M In Series A Funding

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Investments

Propel Notches $12.8M In Series A Funding

To help low-income consumers get back on their feet, New York-based Propel has notched $12.8 million in Series A funding. Nyca Partners...

Sears, Kmart Same-Store Sales Rise in Q3

Sears, Kmart Same-Store Sales Rise In Q3

With sales at closing stores that reportedly brought in shoppers, Sears Holdings’ same-store sales rose at its Sears and Kmart branded stores....

1.4K

Mobile

Govt Requests For Twitter User Data Jump 10 Pct

Twitter revealed that it has received more government demands for data on its users between January and June of this year than its...

Senators Call For Deutsche Investigation

Two senators are calling for a banking committee investigation of Deutsche Bank’s compliance with U.S. safeguards against money laundering. According to Bloomberg,...

1.5K

Europe

UK Retailers Dealing With Slow Holiday Shopping Season

U.K. retailers are warning of a bad holiday shopping season. Mike Ashley, head of the Sports Direct chain, warned that the situation...

1.3K

Cash

India’s ATM Closures Seen As Boost To Demonetization Efforts

In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of...

1.4K

Delivery

Uber Eats, Starbucks Pair On Coffee Delivery

Starbucks unveiled some of its future growth strategies during an investor meeting on Thursday (December 13), including a partnership with Uber Eats...

1.5K

Gig Economy

Waze, Wonolo Pair On The Gig Economy Commute

On-demand staffing platform Wonolo has announced a partnership with Waze Carpool to provide carpooling services for Wonolo’s community of more than 300,000...

Bitcoin

Bitcoin Daily: ‘Blockchain Developer’ Tops LinkedIn’s ‘Emerging Jobs’ Report; ICOs Face Threat Of Crypto Refunds

Boerse Stuttgart Group, Germany’s second-largest stock exchange, has announced the launch of its own cryptocurrency trading platform in the first half of...