Alleged CapOne Hacker Might Have Stolen Data From 30+ Companies

PYMNTS

Thompson , who has been accused of hacking into Capital One ’s cloud and compromising the data of 100 million people, may have also hacked into upwards of 30 other companies, according to a Bloomberg report. has revealed how many other companies were targeted. Paige A.

Travelers Companies Now Sends Insurance Claim Payments Via PayPal

PYMNTS

The Travelers Companies, Inc. Auto, property and general liability claims can use Travelers’ link to PayPal for fast and easy reimbursement, the company said in a press release on Wednesday (July 31). The company expects to give PayPal access to workers’ compensation claimants in 2020.

Are legacy companies holding back the future?

Chris Skinner

The reason the latter countries are leapfrogging Europe and America is that they didn’t have a large, ingrained existing infrastructure for payments and financial transactions in place until … The post Are legacy companies holding back the future?

The 10-year-old who runs a blockchain company

Chris Skinner

I often talk about the world changing thanks to young people who can code.

Chatbot Company Sued By Delta Over Data Breach

PYMNTS

In an email through a spokesperson per WSJ , [24]7 Senior Vice President and Acting General Counsel William Bose said, “This has been an ongoing issue between the companies and nothing new has arisen, except that Delta has chosen to litigate this matter.”. Delta Airlines Inc.

US Treasury: Taxes On Digital Companies Are Discriminatory

PYMNTS

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple.

Taxes 211

OpenTable Partners With Food Delivery Companies

PYMNTS

OpenTable, an online restaurant reservation company, has partnered with Caviar, Grubhub and Uber Eats to provide delivery from restaurants all over the country, according to reports. The company has also revamped its mobile interface.

Modern companies need to look beyond the ERP

Mobile Payments Today

As companies use technology to manage their accounts receivables and payables, they need to take a hard look at several factors regarding the solutions they choose to employ

HSBC Streamlines Inter-Company Bank Accounts

PYMNTS

Consolidating multiple bank accounts into a “handful,” or into a single account for each currency a company uses, reduces friction associated with managing cash across hundreds of accounts, and reduces the need for treasurers to complete complex cash sweeps and pools, HSBC noted.

KYB, Shell Companies And Pot Payments Gone Rogue

PYMNTS

According to a new lawsuit, though, one company allegedly found a way around that. According to the lawsuit, Eaze allegedly got around that problem by processing payments thru a series of off-shore shell companies.

Bank Holding Companies with the Most Employees

BankThink

Workforce management Ranking the banks Banks, thrifts and holding companiesFull-time equivalent, as of Mar. 31, 2019. Dollars in thousands.

Alphabet-Owned AI Company DeepMind Owes £1B 

PYMNTS

DeepMind , an artificial intelligence company based in London that Google bought for £400 million ($486 million) in 2014, is deeply in debt and owes its parent company, Alphabet , upwards of £1.04 The company’s losses also grew from £302.2 Both companies are owned by Alphabet.

Shell Companies Eyed In Fraud At Aegean Marine

PYMNTS

1) that a probe by international auditors is underway, examining a fraud that could be $200 million in scope at Aegean Marine Petroleum Network , tied to shell companies that ostensibly did business with the shipping fuel firm.

Most Efficient Bank Holding Companies

BankThink

Performance reports Ranking the banks Banks, thrifts and holding companiesYear to date through Mar. 31, 2019. Dollars in thousands.

Banks are not technology companies (yet)

Chris Skinner

I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.

Subscription Box Company Loot Crate Files For Chapter 11

PYMNTS

The company specialized in monthly fan boxes filled with shirts, gear and gadgets for the sci-fi and gaming culture, Chief Restructuring Officer Stuart Kaufman said in a court declaration filed in Wilmington, Delaware. Kaufman said the company also owes more than $5.87

Temenos Chief Strategy Officer Leaves Company

Bank Innovation

Ben Robinson, chief strategy officer of Temenos, has left the company. Robinson was a key member of Temenos’s innovation operation, taking a leadership role, among other responsibilities, in managing Temenos’s engagement with the fintech startup ecosystem.

China To Launch Board For Listings Of Tech Companies

PYMNTS

China could be gearing up to take on New York and Hong Kong when it comes to listing technology companies on the stock exchange, publishing draft rules for a startup board that is similar to Nasdaq. curbs on Chinese tech companies and developments.

Amazon Becomes World’s Most Valuable Company

PYMNTS

There’s a new king of the mountain in the seemingly endless tussle between the world’s four largest companies – Amazon, Microsoft, Alphabet and Apple. 7), Amazon passed Microsoft as the largest company by market value, according to reports.

China To Increase Regulation Of Financial Holding Companies

PYMNTS

China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. The aim is to have plans made for a supervision plan for financial holding companies by the first half of next year.

How B2C Companies Tap Into Integrated Receivables

PYMNTS

Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. But in other cases, the companies may want an individual consumer to make those transactions.

Bridging Banking Gaps For Cannabis Companies

PYMNTS

That brings the tally of enterprises offering financial services to cannabis companies to 375 banks and 111 credit unions. Cash is expensive for these smaller companies to handle, said Hart, “very expensive, and operationally very limiting.”.

Comcast Buys AI Cybersecurity Company BluVector

PYMNTS

Comcast announced Monday (March 4) that it has acquired BluVector, a company that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies.

California’s Governor Wants Tech Companies To Share Profits With Consumers

PYMNTS

Gavin Newsom, the governor of California, wants consumers to benefit from the billions of dollars technology companies in the state made by forcing the tech companies to share their profits. According to a report in Fortune citing comments Newsom made during a State of the State speech Tuesday (February 12), Newsom talked up the idea of a so-called digital dividend that would enable the consumers in the state to access some of the profits these tech companies make off of them.

Trump Campaign Used Shell Companies For Ad Buys

PYMNTS

Truthout is reporting that the Trump 2020 campaign paid shell companies related to ad buyers who are part of a purported unlawful coordination plan with the National Rifle Association (NRA). The companies all use the same storefront and hire a lot of the same ad buyers.

The Struggles of Banks as Technology Companies

Bank Innovation

It's a common refrain from bank CEOs -- "My bank is a technology company." But the reality is much rarer. JPMorgan Chase is showing it takes fintech seriously by building (or buying) a Silicon Valley campus, which will house 1,000 employees, including 250 from recently acquired WePay.

200 Fake Ecommerce Companies Identified

PYMNTS

Spying a fake company is difficult, even for India’s Ministry of Consumer Affairs, which just disclosed efforts around identifying about 200 fake commerce companies. The names of each company have not been released to the public, but the Ministry has escalated the matter up to the Department of Industrial Promotion and Policy (DIPP) for further action. She added that for the next few days, all consumer complaints related to commence companies will be answered via Twitter.

DOJ Announces New Antitrust Probe Of Tech Company Practices

PYMNTS

The Justice Department (DOJ) is going to open a new, separate investigation into the potential antitrust activities of tech companies, compounding troubles for companies like Facebook, Apple and Google that are already the subject of probes by the DOJ and the Federal Trade Commission (FTC). .

Blockchain-for-Data Company Factom Raises $4.2M

Bank Innovation

Doing it, moving on: Blockchain-for-data company Factom Inc. Some words that should no longer surprise you, because this technology is only growing stronger: in blockchain news, there’s a new player on the block… chain. has just raised $4.2M

How FinTech Companies Inspire Africa With Mobile Technology

PYMNTS

According to the London Stock Exchange Group’s 2019 “Companies to Inspire Africa” report, which highlights these firms, the FinTech sector has the second highest growth rate representation of technology and telecoms as well as financial services.

Highest Loan/Deposit Ratios Among Bank Holding Companies

BankThink

Ranking the banks Banks, thrifts and holding companies Deposits LendingYear to date Mar. 31, 2019. Dollars in thousands.

Data Leak Discovered In Marriott’s Management Company

PYMNTS

A cybersecurity research team at vpnMentor has discovered that The Pyramid Hotel Group, which manages Marriott and other hotel brands, underwent a data leak exposing vulnerabilities that could potentially be used by criminals, the company said in a report.

Was Noodles & Company Breached?

PYMNTS

Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. Our investigation is ongoing, and we will continue to share information,” Noodles & Company said in a statement. The fraud attack occurred as the Broomfield, CO-based company was in the process of testing and implementing EMV technology — a situation which many businesses around the U.S. Security & Fraud Noodles & Company What's Hot

Most companies are unprepared for a cyberattack

Chris Skinner

This is the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, and puts the spotlight not only on the financial consequences of individual cyber breaches but also on the enormous cost in … The post Most companies are unprepared for a cyberattack appeared first on Chris Skinner's blog. I was looking around at what’s new online, and just discovered the Hiscox 2018 Cyber Readiness Report.

European Banks Want More Regulation Of Large Tech Companies

PYMNTS

Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. technology companies will choose to go only after the best parts of the financial services market. She doesn’t mind taking on tech companies but wants its to be on the same terms. The banks are concerned that opening their data in Europe will not give them the same access to the large tech companies in the U.S.

Perficient Named a 2019 Best and Brightest Company to Work For

Perficient Financial Servies

We are exited to announce that Perficient has been designated a 2019 Best & Brightest Company to Work For. There will be an awards ceremony on September 16th to celebrate the winners of the 2019 Best & Brightest Company to Work For.

Lightspeed China Partners Raises $560M To Invest In China Tech Companies

PYMNTS

The company said it is the largest fund family raised by Lightspeed China Partners to date and brings the capital under management to $1.5 Investments china China tech companies internet investments Lightspeed China Partners News What's Hot

eCommerce Box Companies Aim To Enhance Hotel Stays

PYMNTS

Some entrepreneurs are inspired to start companies to solve a problem they have experienced in their own lives: GuestBox Founder and CEO Shuchi Vyas, for instance, was an Airbnb host and struggled to wow her guests with offerings beyond just the basics.

Most Efficient Bank Holding Companies

BankThink

Performance reports Ranking the banks Banks, thrifts and holding companiesYear to date through Dec. 31, 2018. Dollars in thousands.

26 Unicorn Companies That Exited In 2018

CB Insights

From e-commerce to software to payments, several companies with $1B+ valuations exited in 2018. Get an excel file that has investor, total funding, industry, and other info for private companies valued at $1B+. Below are more details on the companies, ranked by exit valuation.

Bank Holding Companies with the Most Employees

BankThink

Workforce management Ranking the banks Banks, thrifts and holding companiesFull-time equivalent, as of Dec. 31, 2018. Dollars in thousands.

Virgin Galactic To Become First Listed Human Spaceflight Company

PYMNTS

As part of a deal with a publicly traded shell, Richard Branson’s Virgin Galactic space tourism venture would become the first listed company for human spaceflight. Special-purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp.

Drone Company Flytrex Secures $7.5 Million

PYMNTS

The company received $3 million in Series A funding in June 2017, bringing the total raised to $10.5 The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik.