PYMNTS

AUGUST 3, 2020

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most dangerous mafia organizations,” the Financial Times reported on Monday (August 3). The stock crashed to around 2 euros per share.

Regional 362

Regional Online Fintech Regulation 362

PYMNTS

DECEMBER 21, 2020

PayPal 's Xoom , an international money transfer service, has integrated with NPIL's/NPCI's Unified Payments Interface (UPI) to offer inter-bank transactions in India, according to a press release. In addition, recipients of money transfers will have the option to link several bank accounts and set their default bank account for transactions.

Payments 281

Payments National Tools US 281

PYMNTS

OCTOBER 6, 2020

MoneyGram International , the global peer-to-peer payment and money transfer company, has extended to its relationship with Walmart Inc. The company said digital transactions accounted for 27 percent of its total money transfers during the period. Overall, MoneyGram reported 1 cent in diluted adjusted earnings per share on $279.8

Puerto Rico 282

Puerto Rico Texas Online Report 282

PYMNTS

JANUARY 8, 2021

Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO). The FinTech group is reportedly mulling setting aside a significant number of shares for users if it goes public, but it has yet to make any final decisions, according to Bloomberg, who cited unnamed sources.

Massachusetts 363

Massachusetts Fintech Millennials Retail 363

Abrigo

JUNE 28, 2023

Share these reports on AML activities to inform directors Reporting to the board on AML and fraud compliance is an essential obligation. What is valuable information about your fraud and anti-money laundering/countering the financing of terrorism (AML/CFT) program? Here are several types of reports that provide vital information.

Compliance 195

Compliance Fraud Report Trends 195

Bank Innovation

DECEMBER 4, 2019

EQ Bank has moved from on-premise servers to the cloud in an effort to save money and easily share banking data with third-party apps. The bank, which completed the migration in late November, said it’s the first institution in Canada to move completely to the cloud. It’s doing so through Microsoft Azure’s platform.

Data 243

Data Customer Experience Retail 243

Chris Skinner

MARCH 21, 2018

AI, AGI, ASI (Artificial Intelligence, Artificial General Intelligence, Artificial Super Intelligence); machine learning and deep learning; blockchain, shared ledgers and distributed ledger technologies; cryptocurrencies, virtual currencies and digital currencies; Open Banking and Open APIs; and so on and … The post How quantum will change everything (..)

Security 351

Security blockchain cryptocurrency Financial Technology 351

PYMNTS

MARCH 17, 2020

A big part of SoftBank ’s bailout plans for office sharing company WeWork could be in jeopardy after SoftBank backed away from a plan to buy $3 billion worth of the company’s shares, according to a report by The Wall Street Journal. The company will continue to need that money as the coronavirus scare continues to ravage its business.

San Francisco 229

San Francisco Security Examples Company 229

PYMNTS

JUNE 26, 2020

As the case of billions of missing dollars unfolded, Wirecard had to file for insolvency on Thursday (June 25) amid a loss of 90 percent of its shares and over $12 billion in market value. The matter concerns the $2.1 billion, which was roughly around a quarter of the company’s books and which no one could prove existed.

Fraud 256

Fraud National Company Marketing 256

Payments Dive

OCTOBER 29, 2019

Uber unveiled Uber Money, a series of credit and debit producs that will provide additional benefits to drivers and incentives to encourage customer loyalty and financial wellness among employees and upping the market share game against rival Lyft.

Marketing 210

Marketing 210

Perficient

DECEMBER 21, 2020

He shared his “5 Keys to actual Success.” Effectively Manage your Money. Effectively Manage your Money. The second of the 6 keys to success is money. Many people measure success by how much money one has. One’s Net Worth is a computation of money and valued possessions that can generate money.

Management 558

Management Exercises Meeting Guidelines 558

PYMNTS

DECEMBER 10, 2020

10) about ways to stop financial crime, said one of the key elements is sharing information, according to a press release. Blanco said sharing information could help with "identifying, reporting and preventing financial crime," which has been rampant during the pandemic. Blanco , speaking on Thursday (Dec.

Data 154

Data Conference Compliance Report 154

PYMNTS

JANUARY 10, 2020

The share of listed companies in the U.S. that are losing money is nearing 40 percent, which is the highest level since the 90s outside of a recession, according to a report by The Wall Street Journal. In the past three months, Tesla shares have doubled and General Electric shares are up 44 percent.

Company 171

Company Report US Maine 171

PYMNTS

JULY 29, 2020

TransferWise , the online money transfer service startup, is now valued at $5 billion thanks to a secondary share sale as investors embrace online payments amid the COVID-19 pandemic, the London-based company announced Tuesday (July 29). billion) payments monthly.

Capital 163

Capital Tools Online Company 163

PYMNTS

JANUARY 23, 2020

MoneyGram has partnered with Suez Canal Bank to let customers send money right into Egyptian bank accounts, according to a press release. The deal will expand MoneyGram’s presence in Egypt and give it access to Suez Canal’s large network of correspondent banks around the globe. Remittances made up 11.6

Resources 299

Resources Innovation Marketing Mobile 299

PYMNTS

AUGUST 5, 2020

The firm also said that WesternUnion.com was the most downloaded mobile app among peer money transfer companies during the quarter, according to mobile app marketing firm Sensor. WU reported that digital money transfer revenue grew 48 percent year on year and 50 percent on a constant currency basis to a record high of $219 million for Q2.

United States 337

United States National Retail US 337

The Paypers

AUGUST 11, 2016

(The Paypers) Veridu has joined The People Who Share to complete a survey on the Sharing Economy, finding that more than 8 out of 10 respondents consider important to save money on sharing items with others.

Survey 28

Survey 28

TheGuardian

FEBRUARY 15, 2023

The 15% fall in profits follows costs of US trading blunder and money being put aside for defaults by borrowers Barclays staff will share £1.2bn in bonuses this year despite a 15% drop in the bank’s annual profits after it was hit by the costs of a US trading blunder and more money being put aside for a potential jump in defaults by borrowers.

US 97

US Report 97

PYMNTS

NOVEMBER 17, 2020

16), Pinduoduo said it will use the money “to invest in agricultural logistics infrastructure and responsive manufacturing as consumer behavioral changes accelerate the online migration of retail.”. billion from newly issued Class A shares in a private placement. In a statement released on Tuesday (Nov.

Online 225

Online Regional Retail Company 225

Chris Skinner

APRIL 25, 2017

In particular, the second age of humankind, when we invented money as a control mechanism. Before this seismic change, money didn’t matter. We shared beliefs that allowed us to live together in relative peace, but the creation of money changed the balance of humanity. Ancient tribes didn’t care about money.

US 366

US Payments 366

TheGuardian

FEBRUARY 5, 2024

Both banks deny helping Tehran-controlled oil firm PCC to move money in breach of sanctions Two of the UK’s largest lenders, Santander UK and Lloyds Banking Group, allegedly held bank accounts for front companies that helped Iranian entities evade US sanctions, according to reports.

Company 91

Company Groups US Report 91

PYMNTS

JANUARY 19, 2021

Retail giant Walmart is partnering with global money movement leader Western Union to offer in-store payments and transfers. and will include domestic and international money transfers, bill payments and money orders, Noronha said. Walmart is much more than a place where customers shop. Walmart’s payroll numbers 2.2 and abroad.

Retail 218

Retail Payments US Security 218

PYMNTS

JUNE 25, 2020

In an email last year, he talked about his plan at the annual Money 20/20 conference in Las Vegas, calling it “without a doubt, the highlight of my career.” With Hazlehurst departed, Khosrowshahi said Uber Money employees will now be reporting to Peeyush Nahar, vice president of technology, Bloomberg reported.

Las Vegas 297

Las Vegas Company Operations Conference 297

Abrigo

OCTOBER 19, 2020

Share your story! The Bank Secrecy Act (BSA) was passed by Congress in 1970 in an effort to better protect the United States financial system from money laundering and financing of criminal activities. SHARE YOUR STORY Do you have an important BSA/AML win in your career? We want to hear from you. It's National Day!

National 195

National United States Fraud Resources 195

PYMNTS

DECEMBER 18, 2020

60% : Minimum share of Main Street firms that operate at least three channels to drive sales: online, physical stores and phone. 51% : Share of consumers who rank saving money among the top three reasons for buying subscription bundles. 23% : Share of U.S. 23% : Share of U.S.

Maine 168

Maine Data Trends Online 168

Ublocal

FEBRUARY 7, 2024

We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. To kick things off, we’re sharing a series of blog posts to help you understand why investing is so important. Let’s delve into why the stock market is a great place for your money to grow.

New Hampshire 98

New Hampshire Vermont Strategy Marketing 98

PYMNTS

DECEMBER 10, 2020

Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). Xoom, PayPal's money transfer arm, is now offering clients in the U.S., Sending money to Africa through traditional channels has always been expensive. Canada, U.K.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

MARCH 26, 2019

Money laundering is big business and the recovered funds are scant, which begs a solution (a roadmap was offered up for FIs in a recent PYMNTS interview with Zac Cohen , Trulioo general manager). Data: 1 percent: The share of proceeds intercepted from financial crimes. $2 20: The number (at least) of U.S.

social media 175

social media National Data Payments 175

Chris Skinner

APRIL 9, 2019

Things we’re reading today include … China wants to ban bitcoin mining Alibaba shares lose some shine for short sellers Wall Street bull run hinges on earnings Morgan Stanley to become top shareholder in China funds venture with stake increase Standard Chartered fined $1.1bn for money-laundering and sanctions breaches The … The post (..)

Bitcoin 217

Bitcoin 217

PYMNTS

MAY 1, 2020

The money transfer company said performance was driven by high client retention rates, market growth and strong demand for the company’s app. Digital transactions at the conclusion of the quarter comprised 18 percent of all money transfer transactions per the company. That disappointed Wall Street, and the company’s shares tumbled 11.45

Online 249

Online National Marketing Report 249

Abrigo

JANUARY 6, 2020

Topics tied to professional development were also popular, including prepping for the Certified Anti-Money Laundering Specialist (CAMS) exam and writing effective Suspicious Activity Reports (SARs). Should an Institution Participate in Section 314(b) Information Sharing? get started. Here are tips to help you prepare for the test.

Fraud 300

Fraud Compliance Training Retail 300

PYMNTS

JANUARY 26, 2020

Partially brought on by the emergence of cryptocurrencies and Facebook’s upcoming introduction of the Libra coin, central banks across the globe have been looking into launching eCurrency as a means of maintaining states’ control over money. He noted that private citizens also might ask for cash alternatives. . “In

Study 251

Study cryptocurrency Groups National 251

PYMNTS

OCTOBER 12, 2020

One downside to the unusual arrangement is that the individual investors had to lock up their money for 18 months, the Journal reported. The five funds were handled by top investment firms in China, which had signed agreements with Ant to buy shares in the company’s planned IPO — and hold onto them for at least a year.

Groups 205

Groups Operations Online Fintech 205

PYMNTS

JANUARY 10, 2020

The share of listed companies in the U.S. that are losing money is nearing 40 percent, which is the highest level since the 90s outside of a recession, according to a report by The Wall Street Journal. In the past three months, Tesla shares have doubled and General Electric shares are up 44 percent.

Company 131

Company Report US Maine 131

PYMNTS

JUNE 24, 2020

The termination followed the resignation of the company’s CEO Markus Braun after auditors revealed the money was missing from escrow accounts at the two Asian banks. The two countries do not share an extradition treaty. and the Bank of the Philippine Islands said the deposits were never made. Wirecard’s stock continues to tumble.

America 325

America Report Compliance Groups 325

PYMNTS

JUNE 19, 2020

While questions linger over the 2020 sports season, that hasn’t stopped DraftKings from upping its previously announced initial public offering (IPO) to 40 million shares of stock. . The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. as part of the deal. .

Boston 174

Boston Massachusetts Innovation Course 174

PYMNTS

SEPTEMBER 21, 2020

Department of Treasury that analyzes financial transactions to combat money laundering, terrorist financing and other financial crimes across the globe, found the U.S. Since 2010, prosecution has been delayed by 18 banks for anti-money laundering, according to BuzzFeed. FinCEN, a division of the U.S. told the news outlet.

Report 279

Report North Carolina United States New York 279