Fri.Feb 08, 2019

Red Envelopes, Fortnite And The Rise Of Micro Money Laundering

PYMNTS

One of the main differences between a successful criminal and a wanna-be is that the smart one knows how to hide (often in plain sight), and use methods that often seem more mundane than dramatic — despite what Hollywood has trained us to believe over the last century or so.

Blockchain potential reaches beyond payments to transforming cities

Mobile Payments Today

Futurist Ian Khan sees the potential for blockchain going beyond revolutionizing the payments industry to transforming entire cities

Amazon Launches Live Streaming Video Shopping Service

PYMNTS

Amazon has launched a brand new video streaming service called Amazon Live , according to reports. The service features live shows from Amazon’s talent pool and also from brands through an app called the Amazon Live Creator.

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The Future of Fintech Video Series: Uphold

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Blockchain, Not APIs, Is Key to Faster Payments, Report Says

Bank Innovation

Most finance professionals are not using APIs to facilitate faster payments, according to a new report from TD Bank. Even more surprising is that many of them don’t intend to use APIs in the future. Faster payments is a top priority for many FIs, the TD Bank survey found.

Expedia Earnings Show Downturn In Home Rentals

PYMNTS

Expedia saw its shares get a boost after its forecast profit was ahead of analysts’ expectations. Chief Financial Officer Alan Pickerill revealed on a conference call on Thursday (Feb.

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IBM Puts $2B In NY AI Research Center

PYMNTS

IBM is planning to invest over $2 billion to help establish an “AI Hardware Center” at the SUNY Polytechnic Institute campus in Albany, as well as boost its high-tech footprint throughout New York State.

The Future of Fintech Video Series: LiquidKlear

Mobile Payments Today

This interview is part of a video series, “The Future of Fintech,” produced by Mobile Payments Today and powered by Galileo Processing

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New Paths And Pressures For Payments

PYMNTS

The payments landscape in Europe is set to change later this year, with PSD2 joining GDPR in a kind of early 21 st -century digital balancing act. Meanwhile, airlines and other travel vertical players face fresh pressures on alternative payments , and new payday loan regulations are looming.

Fintech CoverWallet Proves Crucial to Zurich Insurance Group’s Growth in Spain

Bank Innovation

Insurance management software provider CoverWallet was the biggest source of growth for Zurich Insurance Group's SME business in Spain last year. As a result of this success, Mario Greco, CEO of the Swiss insurance company noted that the CoverWallet service will be expanded to its customers in Switzerland in 2019. Greco noted in the earnings […]. Capital Corporate Exclusive Insurance Mobile Online Open Fintech PFM Premium Retail Startups artificial intelligence InsurTech Zurich Insurance

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Record Retail Spending Expected This Valentine’s Day

PYMNTS

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports.

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The Credit Union Difference

CU Direct

At the Credit Union National Association (CUNA) we tell the credit union story. It’s our job to talk to lawmakers and regulators in Washington, members of the media, and American consumers about the credit union difference. What do I mean by difference?

Bitcoin Daily: Ripple Goes To College To Research Blockchain; Bitcoin Value Drops To Lowest Level In 7.5 Weeks

PYMNTS

Bitcoin continues to struggle, reaching its lowest level in 7.5 weeks on Wednesday (Feb. 6) to end the session at $3,328. As CoinDesk reported, the crypto also “created a bearish outside reversal candle on the daily chart.”

Fiserv Enjoying Zelle’s Growth While Expecting More

Bank Innovation

Fresh off its January announcement to acquire payments processor First Data Corporation, financial technology vendor Fiserv seems to be banking on a breakout year for the bank-backed P2P payment service Zelle. Zelle transactions exceeded $400 million and grew 75% year-over-year in the fourth quarter of 2018, Chief Executive Officer Jeff Yabuki noted in his opening […].

UK Metro Bank Hit By Messaging Scams

PYMNTS

Technology speeds commerce and eases daily life, but also acts as a conduit to payments fraud.

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Digital states: Cryptocurrency rules and regulations across the US

Bobs Guide

The US handles almost a quarter (22.6%) of all bitcoin volumes, according to coin.dance statistics, yet regulators across the country’s 50 states have different rulings on the legality and usage of virtual currencies. Under the Supremacy Clause (Article VI, Clause 2) of the Unites States

Fiserv’s Yabuki On Fiserv/First Data Digital Payments Potential

PYMNTS

Megadeals are everywhere in financial services — and leading up to the collaboration between First Data and Fiserv , the latter firm posted Q4 results that showed growth in key payment and processing initiatives, especially in digital efforts.

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Mall of the Emirates integrates WeChat Pay for Chinnese tourists

The Paypers

(The Paypers) Mall of the Emirates has announced that its retailers will be able to accept purchases via WeChat Pay

Sizzle/Fizzle: Snap Earnings Sizzle, Bitcoin Fizzles

PYMNTS

Sizzle. Snap: Shares snap upward, up by 21 percent, in the wake of earnings that soundly beat projections. Daily average user count may have stanched losses, as the tally was flat, where observers had expected shrinkage.

ATM and IoT security: Be proactive to be protected

ATM Marketplace

Consumers have no doubt adopted payment apps and digital banking to manage their finances, but ATMs remain a common platform for transactions. They also remain a popular target for crime, increasingly in the form of logical attacks. But there is a simple solution to this problem

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Western Union Digs Into Its Digital, Powered-By Platform Future

PYMNTS

Western Union shares took a slight dip in after-hours trading yesterday (Feb. 7) when its Q4 earnings met analyst expectations on adjusted earnings per share (EPS), but came in slightly below estimates on revenue.

Visa raises offer for payment company Earthport

The Paypers

(The Paypers) Visa has increased its offer for the UK-based cross-border payments company Earthport to around GBP 247 million

Funding Options, Caxton FX Pair Up On Multi-Currency SMB Card

PYMNTS

marketplace lending company Funding Options is teaming up with Caxton FX to introduce a prepaid multi-currency payment card for small businesses (SMBs).

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Surecomp launches open API platform to boost trade finance

The Paypers

(The Paypers) Canada-based trade finance company Surecomp has launched an open API platform, enabling the rapid adoption of new products and services for trade finance apps

Walmart’s Allswell Goes On Tour; Target To Expand Debut Of New Loyalty Program

PYMNTS

Startups in the eCommerce space have long enabled their customers to experience their products in real life (“IRL”) through temporary retail shops, and now, digitally-focused brands belonging to major retailers are taking a similar approach.

Secrets of effective cash management

ATM Marketplace

As central bank interest rates rise and cash handling costs grow, the topic of cash management is getting a great deal of play across the banking and retail industries. To maximize savings, organizations are also seeking solutions that increase efficiency throughout the system — i.e., end to end

Revolut Runs Into Trouble With Ad That Highlights Transactions

PYMNTS

Revolut , the U.K. FinTech that has been growing at a rapid pace, was forced to acknowledge it made up stats for a recent advertising campaign.

Auchan opens cashier-less Auchan Minute in Europe

The Paypers

(The Paypers) Supermarket chain Auchan has announced it will open its first cashier-less Auchan Minute in Europe in March 2019

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Earthport Bidding War Heats Up

PYMNTS

The bidding war over U.K.-based based payments firm Earthport – squarely in the crosshairs of card giants Visa and Mastercard – is heating up. On Friday (Feb.

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SoftBank leads USD 440 mln funding round in UK challenger bank OakNorth

The Paypers

(The Paypers) UK challenger bank OakNorth has closed a USD 440 million funding round with the SoftBank Vision Fund and the Clermont Group

Wirecard Sues FT For Defamation; Singapore Raid Sends Shares Plummeting

PYMNTS

German payments company Wirecard saw its shares drop 10 percent on Friday (Feb. 8) following a raid by Singapore police on its offices there, according to a report from CNBC.

Citi and HSBC go live on Capitolis FX tech

The Paypers

(The Paypers) Citi and HSBC are the first FX prime brokers to go live on the Capitolis Novation service in foreign exchange

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BSA Officials At FIs Targeted By Phishing Campaign

PYMNTS

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. are said to have been sent emails that appeared to have come from other BSA officers.

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Atom Tickets introduces new digital payment options

The Paypers

(The Paypers) Atom Tickets, a movie ticketing app, has introduced two new digital payment options – Google Pay and Samsung Pay

KPMG To Shutter UK Small Business Accounting Unit

PYMNTS

Corporate accounting and auditing firm KPMG is shuttering its small business services unit, reports in The Business Desk said Thursday (Feb. According to the publication, KPMG’s Small Business Accounting (SBA) service, which launched in 2014, will be closed in the U.K.

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SafeChain, Accuity to secure real estate wire transfers

The Paypers

(The Paypers) SafeChain has integrated bank data from financial crime compliance and KYC solutions provider Accuity , to facilitate the security of real estate transactions