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Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities

PYMNTS

Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. The social media platform is also courting big pharma companies to advertise on Snapchat, reportedly pitching itself as a friendlier alternative to Twitter and Facebook.

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Cap One Hack Hits 100M Credit Card Applications

PYMNTS

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. Fairbank, Capital One’s chairman and chief executive, said in a press release. “I

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Fed’s Brainard Warns Of Risks Posed By Libra, Cryptos

PYMNTS

At the start of Benoît’s ECB term, bitcoin’s market capitalization was small, and only a handful of cryptocurrencies existed. In the eight years since then, bitcoin’s market capitalization has grown rapidly and now exceeds 100 billion euros, and thousands of cryptocurrencies have been created,” Brainard said in her speech.

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China, Alibaba Are Big Players On The Blockchain Patent Block

PYMNTS

That far outpaces the 22 percent that came from the United States, the runner up last year. As has been well-documented in this space, the damper on activity tied to cryptos has extended to social media. Last year, 56 percent of all blockchain patents issued trace their genesis from China.

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Fintech Is Back

Bank Innovation

In 2017, in the United States, overall VC funding -- a barometer of startup activity and appeal.Read More. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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The true cost of fraud

Abrigo

Social media scams account for the highest losses and are higher than any other fraud typology , at a reported half-billion total loss. Additionally, the human capital investment—in terms of both hiring fraud prevention experts and training existing staff—represents a significant operational expense.

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Protecting The Youngest — And Most Vulnerable — ID Theft Victims

PYMNTS

In the United States, according to some sources such as Javelin , more than one million children were victimized by identity theft — and the fraud costs their families more than $540 million. In the past, Cohen said, children were unlikely to become targets in the first place, due to the simple fact that they lacked access to capital.

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