Facebook Brings Subscription Service To Groups

PYMNTS

Facebook announced that it is testing out subscriptions with a small number of groups to support group admins who lead the communities. Group admins build safe and supportive communities that people come back to every day,” wrote Alex Deve, Product Director, Groups, at Facebook. “We The groups will then share input and feedback with the social media giant. With this new subscription service, reports say that the group admins will be allowed charge $4.99

Groups 175

North Korean Hacking Group Lazarus Takes In $571M

PYMNTS

The group also noted that it expects digital currency exchange attacks to increase across the board – not just those by Lazarus. In addition, groups that typically attack banks may decide to target crypto exchanges because they realize those heists can be fruitful.

Groups 272

Airbnb Rolls Out Group Payments

PYMNTS

Booking a group trip on Airbnb just got easier: Users now have the ability to split payments with their fellow travelers. A recent poll from Airbnb found that 43 percent of users have lost $1,000 or more in repayments from group trips, 18 percent say they’ve lost $10,000 or more from not getting repaid after group trips and 29 percent have fought with a friend over group trip repayment.

Groups 142

Taking The Pain Out Of Group Outings

PYMNTS

Every group of friends has a social director, Fevo CEO Ari Daie told Karen Webster in this week’s Matchmakers conversation – that one person who organizes the cats and gets a group of otherwise passive adults organized for a game, concert or weekend trip. They have to organize the group, figure out when everyone is free, what they want to pay for tickets and then how to purchase that block of tickets for the group. [link].

Groups 159

Tapping Into The Group Travel Market With Apart-Hotels

PYMNTS

In an effort to further take on the group travel market, Domio is teaming up with Upper90 for a $50 million joint venture to exclusively fund up to 25 apartment-style hotels for group travelers.

Groups 218

Arcadia Group Brings ‘Choice’ Brand To Amazon

PYMNTS

To offer a new brand of medical devices to consumers, Arcadia Group is working with Amazon to sell products like glucose monitors and blood pressure cuffs under the Amazon-exclusive Choice name. Arcadia Group CEO Bob Guest told CNBC, “I approached Amazon last year as they began to expand their healthcare footprint. Arcadia Group has also created brands for other retailers, such as Walmart.

Groups 152

Citi, HSBC Join Bank Group In Global Trade Finance Effort

PYMNTS

Citi , HSBC and Banco Santander are among seven major global banks that are banding together to form a cross-border trade finance network, Reuters reported Thursday (Oct.

Groups 250

Ripple Heads Up New Crypto Lobbying Group; Pays In XRP

PYMNTS

Ripple , the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition. Coindesk , citing a Business Standard report late last week, reported the companies behind the lobbying group also include the RippleWorks Foundation ; Coil , a company developing a solution for digital payments; Hard Yaka , an investment firm focusing on digital assets; and PolySign , a company seeking to be a crypto custodian.

Groups 193

CFPB Fines Debt Collector Security Group $5 Million

PYMNTS

The Consumer Financial Protection Bureau fined Security Group, the debt collector, $5 million in the first fine against a company since it hit Wells Fargo with a $1 billion penalty in April. The Wall Street Journal , citing the Consumer Financial Protection Bureau, reported that the CFPB charged Security Group with making “improper in-person and telephonic collection attempts” and “physically preventing consumers from leaving their homes and visiting and calling consumers’ places of work.”

Groups 154

UK Accounting Trade Group Weighs In On Late Payments

PYMNTS

It’s no surprise that late payments continue to dominate the corporate landscape in the U.K., in the aftermath of the Carillion collapse at the beginning of this year. To that end, U.K.

Groups 186

BlueVine, Fundbox Grow AltFin Group ILPA

PYMNTS

The aim of the group is to “support fair, responsible and transparent lending practices for small businesses,” the ILPA noted, adding that the three new members are joining the group to further that initiative. The Innovative Lending Platform Association (ILPA) has added three members, according to an announcement made on Monday (Sept.

Groups 139

Access Group Education Leaks Data On Student Loan Borrowers

PYMNTS

Access Group Education Lending, the student loan servicing company, has been the subject of a data breach. The data breach occurred on March 23 when Nelnet, a vendor that processes student loans for Access Group, sent out the files. Access Group said it learned of the incident on March 28, and that the receiving vendor said they deleted the files and did not keep copies. Access Group told Associated Press that the exposure was limited and has ended.

Groups 149

NACHA Report: Inaugural Meeting Of API Standardization Industry Group

PYMNTS

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. NACHA and the Industry Group believe one of the biggest challenges is a lack of standardization.

Groups 187

Australian Finance Group Teases SMB Loan Platform

PYMNTS

Australian Finance Group said Monday (Aug. Announced during Australian Finance Group’s financial earnings report, the solution will initially roll out in the second quarter of 2018 to help companies access commercial mortgages. “We’ll be building an initial panel of up to 10 lenders aimed at the core [SMB] market,” said Australian Finance Group chief executive officer David Bailey in a statement.

Groups 135

Facebook Messenger Launches Group Payment Service

PYMNTS

Facebook just made splitting the check at dinner easier with the announcement that Messenger can now support group payments. According to TechCrunch , the free service, which for now is only available on Android and desktop, will allow users to pay either everyone in the group or individual members through a simple click of the payments icon (aka the dollar sign). A message will appear in the group chat to show who has paid.

Groups 116

Google’s Next Commerce Play: Group Dining

PYMNTS

Planning to eat out with a group of friends and family, on the other hand, often turns into a friction-filled experience when one realizes that it is almost impossible to find a restaurant that everyone likes. ” Along with the newly added feature for better planned group dining, Maps now offers a news feed that offers users recommendations and gives them the ability to “follow” certain locations, including neighborhoods and cities.

Google 116

Citizens Financial Group Launches Neobank Citizens Access

Bank Innovation

Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access.

Groups 169

Chinese Conglomerate Fosun Group Bets Big on Blockchain

Bank Innovation

A representative of Fosun Group, which, at $13.1 Commerce Corporate Cryptocurrency Exclusive Insurance Payments Security Startups Antshares BlockChain cryptocurrency Fosun Group Onchain technology

Groups 202

Verint Systems Invests In Military-Grade Cybersecurity Firm NSO Group

PYMNTS

is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. In 2016, researchers at Citizen Lab — a group that investigates surveillance technology — revealed that they discovered NSO software in a link sent to the phone of a human-rights activist in the United Arab Emirates, and that the software was being used by foreign governments to spy on citizens. software company Verint Systems, Inc.

Groups 116

Priceline Acquiring Momondo Group For $550M

PYMNTS

In an effort to capture a younger audience of travelers, Priceline has announced it will acquire Momondo Group for $550 million. Meta-search site Momondo Group’s core focus is a two-brand strategy to help attract a younger travel demographic. In Priceline’s press release, the Priceline Group’s CEO, Glenn Fogel, said, “Meta-search is appealing to consumers, and we’re keen to expand our global footprint. Retail Acquisition Momondo Group Priceline

Groups 116

Advocacy Group Says EU’s Tax Haven Blacklist Is Failing

PYMNTS

Now, a new report from advocacy group the Tax Justice Network (TJN) is also shedding light against misconceptions about tax havens, warning that the biggest source of “financial secrecy” services for European Union firms can be found within the U.S. The group published its Bilateral Financial Secrecy Index on Sunday (Sept. Failure to exchange data across jurisdictions is at the heart of the issue, the advocacy group said, particularly when it comes to the U.S.

Taxes 138

zSpace Joins OpenXR Group To Define Standards For VR Devices

PYMNTS

zSpace, an education company that brings mixed reality experiences to computing, announced Wednesday (March 1) that it is joining the Khronos Group’s OpenXR working group to define a cross-vendor, royalty-free open standard for access to modern virtual reality (VR) devices. Payment Methods The Khronos Group’s OpenXR virtual reality VR devices What's Hot zSpace

Groups 148

Trade Group Demands Alibaba Blacklisting

PYMNTS

According to reports , the American Apparel & Footwear Association (AAFA) — a trade group representing a host of global brands — has sent an appeal to the Office of the United States Trade Representative (USTR) formally requesting that Alibaba and its eCommerce platforms be returned to the agency’s list of Notorious Markets. Counterfeiting has been a contentious topic in 2016, especially as it relates to China’s most powerful e-Commerce player, Alibaba.

Groups 140

ING Group Fined For Money Laundering, Due Diligence Lapses

PYMNTS

To that end, ING Group said it has agreed to pay 775 million euros — about US$900 million — to settle investigations by Dutch authorities over money laundering and other illicit activities. Financial crime is drawing scrutiny — and fines — at large financial institutions. Drilling down a bit, Bloomberg noted that the settlement is comprised of a 675 million fine. The remaining 100 million is a disgorgement.

Groups 131

UK SMB, Bank Groups Spar Over Low Lending Rates

PYMNTS

Small business group SME Alliance spoke to the House of Commons select committee to discuss small firms’ ongoing challenges in seeking bank loans. Traditional banks remain reluctant to lend to small firms, the group said, using their size to gain a legal advantage over SMBs that file complaints with FIs. small businesses continue to struggle with access to bank funding, according to reports in Financial Times on Friday (March 30).

Groups 155

UK Bank Industry Trade Group Launches Review Of SMB Mistreatment

PYMNTS

The group appointed Simon Walker to lead the review, which will specifically look at the way banks handle complaints filed by small business borrowers. Reports said the group aims to develop alternative solutions to dispute resolution and to address the needs of both banks and small businesses when mitigating.

Groups 160

CME Group Announces Plans for Bitcoin Futures, Causing Price Surge

Bank Innovation

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. Cryptocurrency Exclusive Online Payments Bitcoin bitcoin futures CME Group cryptocurrency futures

Groups 151

Progressive Advocacy Groups Want Facebook Broken Up

PYMNTS

A group of progressive advocacy groups, including MoveOn and Demand Progress, is calling on the Federal Trade Commission (FTC) to break up Facebook in the wake of the Cambridge Analytica data scandal. The groups contend that by doing so, they will gain the ability to communicate across social networks while also having strong privacy rules in place to protect consumers.

Groups 100

Building Bridges To Emerging Consumer Groups

PYMNTS

Demographic groupings make sense. They offer insight into what consumers are buying so pitches can be customized, helping to avoid unnecessarily selling apparel and accessories to demographic groups that don’t buy them. Millennials are branching off into two groups: younger consumers just starting out, and “bridge” consumers who have entered their prime spending years.

Groups 100

Miles Software Teams Up With SBM Bank; Salim Group Invests In Youtap

PYMNTS

Coverage includes Indonesia- based Salim Group’s investment in Singapore- based Youtap. Indonesia- based Salim Group has taken up a minority stake in Singapore- based Youtap, Deal Street Asia reported. Youtap provides financial services and contactless payments in Europe, the Middle East and Africa (EMEA and Asia), while Salim Group operates in several sectors in Indonesia and the Philippines. Welcome to The Axis, your late look at payments news from around the world.

Members Of Hacking Group FIN7 Arrested In Europe

PYMNTS

Three people associated with the hacking group FIN7 — also known as Carbanak — were arrested in Europe and are facing charges in the United States. The group was able to steal $1.2 Europol contended that the group has been operating since 2013 and has members in 40 countries around the globe. In a U.S. court filing, Fedir Hladyr, Dmytro Fedorov and Andrii Kolpakov were arrested between January and June of this year. Hladyr is already in U.S.

Groups 126

Mastercard Selects Diverse Group For Latest Start Path Program

PYMNTS

Mastercard has announced the list of startup companies chosen to participate in its Mastercard Start Path program, a group the company is calling its “most diverse class” ever. Mastercard revealed the list in a recent announcement, including startups that span a range of verticals. Those partaking in the program, which aims to support later-stage FinTech and technology startups, total 11 firms selected from five countries.

Groups 176

UK Financial Reporting Group Says Blockchain Too Immature For Adoption

PYMNTS

According to reports, the group is taking a cautious approach to the technology. But the group also acknowledges that blockchain technology is not yet sufficiently developed to actualize its effect in the corporate finance space. The U.K. Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space.

Groups 133

TransferWise Teams Up With Groupe BPCE To Offer In-App Transfers

PYMNTS

With a partnership between TransferWise and Groupe BPCE , customers of the European banking group will be able to use TransferWise’s international money transfer service directly through the company’s app. In addition, TransferWise will have access to the banking group’s 15 million retail clients, Reuters reported. The pairing marks the first time that a large banking group in Europe will offer TransferWise’s service directly through its own app.

Groups 116

Debuting In Japan: The World’s First Cryptocurrency Pop Group

PYMNTS

The J-pop group contains eight girls, each of whom represents one of the larger digital monetary formats. The group’s first single, “The Moon and Virtual Currencies and Me,” is about the importance of proper online security and the risks of fraud. Further evidence that bitcoin and all associated digital currencies are entirely serious competitors to fiat currency: Japan’s latest pop sensation is Kasotsuka Shojo, a band whose name translates to Virtual Currency Girls.

Sageworks user groups: Why attend?

Sageworks

Sageworks User Groups provide an increasingly rare opportunity to be in a room full of peers, industry experts and staff from a critical vendor. The intersection of these groups allows for three distinct and valuable learning experiences. A group conversation specific to Sageworks usage is a powerful way to provide feedback and enhancement requests (and is greatly appreciated by the Sageworks staff!).

Groups 100

UnionPay, Cargills Group team up for mobile payment services

The Paypers

(The Paypers) UnionPay International has announced its collaboration with Cargills Group to roll out UnionPay QR code payment service across Sri Lanka

Lloyds Banking Group Joins BofA, Chase, and Citi in Banning Bitcoin Purchases on Cards

Bank Innovation

Today Lloyds Banking Group confirmed it has banned customers from buying bitcoin with their credit cards. EXCLUSIVE – Add one more to the mix. The move comes only days after U.S. banks including Bank of America, Citi, and JPMorgan Chase have done the same.

Groups 170

Promontory Financial Group CEO on the future of RegTech

Insights on Business

Gene Ludwig, the CEO and founder of Promontory Financial Group , recently sat down with Bloomberg Law in a wide-ranging interview to discuss his predictions for the future of RegTech, blockchain, and where he sees the markets going in the next three to five years.

Groups 141

Discover Pact Desjardins Group Deal Expands Canadian Footprint

PYMNTS

Discover Global Network, the unit of Discover Financial Services, announced Wednesday (May 24) it has entered into an agreement with Desjardins Group, the cooperative financial group in Canada, through its Monetico payment solutions to expand acceptance in Canada. Payment Methods canada credit card Desjardins Group Discover discover global network News What's Hot

Groups 116

Another Group of Hackers Target Swift, According To Symantec

PYMNTS

A second hacking group is targeting banks through the Swift Inerbank Messaging system, according to a report out from cyber-security firm Symnatec yesterday (Oct. The group is leveraging similar but distinct tactics from the group that orchestrated an $81 million hack of Bangladesh’s Central Bank earlier this year. Odinaff, on the other hand, appears to be a financially motivated criminal group, according to Symantec.

Groups 193

Q&A on Networking Groups (mp3)

MZ Bierly Consulting, Inc.

Question: I am currently considering joining a networking group. This group limits members to one from each industry, however, when I attended the first introductory meeting there were three other bankers who wanted to join. Q&A on Networking Groups.

Groups 130

Q&A on Networking Groups (mp3)

MZ Bierly Consulting, Inc.

Question: I am currently considering joining a networking group. This group limits members to one from each industry, however, when I attended the first introductory meeting there were three other bankers who wanted to join. Q&A on Networking Groups.

Groups 130