Puerto Rico news and trends

FV Debuts Puerto Rico’s 1st Bank-Based Digital Asset Custody Service
Cryptocurrency // November 09, 2022

Puerto Rico’s FV Bank has launched digital asset custody and settlement services for clients around the world, becoming the first bank in the commonwealth to do so. The company announced the rollout in a news release Wednesday (Nov. 9), saying it was launching initially with...

Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into...
News // February 14, 2020

In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Also, Flywire raised $120 million and acquired Simplee Healthcare. Puerto Rico Falls Prey...

Puerto Rico Falls Prey To $4M Online Fraud
Security & Fraud // February 14, 2020

An online scam targeted $4 million in retirement funds from at least four Puerto Rico agencies, according to reports on Thursday (Feb. 14).  Authorities have frozen at least $2.9 million, said an anonymous official. It is not known how much was actually taken.  Agencies affected...

PR Gov’t Loses $2.6M Due To Email Phishing
Security & Fraud // February 13, 2020

The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Rubén Rivera, finance director for the government’s Industrial Development Company, said a complaint was filed with authorities on Wednesday (Feb. 12). The department got...

Interviews & Exclusives
Off The Continent And Into Puerto Rico For Online SMB Lending

May 02, 2017
If expansion is key for SMBs, so too is it for lenders. Biz2Credit is linking up with Oriental Bank in Puerto Rico to boost SMB lending, digitally, in a move that takes into account some of the particulars of the market -- and language is just one of them.

Quick Reads
AffiniPay Expands Payment Processing Solutions to Puerto Rico

April 18, 2024
AffiniPay has expanded the availability of its payment processing solutions for attorneys and accounting professionals to Puerto Rico. These solutions, LawPay and CPACharge, are already used by more than 80,000 law and accounting firms in the United States and Canada, the company said in a Thursday (April 18) press release. “This move not only demonstrates our dedication to serving professionals […]

FV Debuts Puerto Rico’s 1st Bank-Based Digital Asset Custody Service

November 09, 2022
Puerto Rico’s FV Bank has launched digital asset custody and settlement services for clients around the world, becoming the first bank in the commonwealth to do so. The company announced...

Puerto Rico Falls Prey To $4M Online Fraud

February 14, 2020
An online scam targeted $4 million in retirement funds from at least four Puerto Rico agencies, according to reports on Thursday (Feb. 14).  Authorities have frozen at least $2.9 million,...

PR Gov’t Loses $2.6M Due To Email Phishing

February 13, 2020
The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Rubén Rivera, finance director for the government’s Industrial Development...