PYMNTS

DECEMBER 23, 2020

News came this week that the United States Securities and Exchange Commission has filed suit against Ripple over its XRP cryptocurrency. billion unregistered securities offering, and named CEO Brad Garlinghouse and Co-Founder Chris Larsen in the suit. XRP is a currency, as the DOJ and FinCEN determined in 2015.

Currencies 93

Currencies Securities Investments Sales 93

PYMNTS

MAY 3, 2017

Other efforts revolve around safety and security, as the executive noted that a card that debuted in South Africa has a safety feature embedded in the form of a fingerprint scanner. and LaCaixa in Spain, among other conduits, the tally was 85 million enabled accounts at quarter end. for the year.

Accounting 75

Accounting Currencies Securities Numbers 75

PYMNTS

JULY 28, 2019

Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. As a result, CoinLaunch has agreed to pay a $50,000 fine.

Securities 40

Securities Currencies Banking Sales 40

PYMNTS

MARCH 1, 2019

Consumers no longer had to carry hard currencies, and they could make purchases using money they expected to earn. Additionally, they give FIs better analytics and reduce retailers’ concerns over payments reversals or cancellations. Security strategies. In turn, businesses could more easily sell higher-priced items.

Securities 53

Securities Reconciliations Banking Invoicing 53

PYMNTS

NOVEMBER 4, 2019

According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. The rise of mobile commerce and selling of digital goods has added to retailers’ fraud problems. According to the PYMNTS Securing B2B Payments Report , criminals last year successfully made off with $4.2

Retail 49

Retail eCommerce B2B Currencies 49

PYMNTS

JANUARY 17, 2019

is to pay federal and state regulators penalties of $11 million for allegedly opening fake store card accounts. The news comes as it was reported last month that Wells Fargo revealed it is firing around three dozen district managers due to the retail banking scandal that occurred over two years prior. million fake accounts.

Accounting 46

Accounting Currencies Sales Retail 46

PYMNTS

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 Just $970,000 of money from investors allegedly ended up in the individual’s trading account, while $1.8 The individual was charged with different contraventions of securities laws in a U.S.

Profit and Loss 60

Profit and Loss Currencies Securities Retail 60

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Privacy And Security.

Currencies 117

Currencies Treasury Banking Securities 117

PYMNTS

JANUARY 19, 2021

Retail giant Walmart is partnering with global money movement leader Western Union to offer in-store payments and transfers. As the world’s largest retailer, Walmart offers customers transparent financial services using their preferred providers. Walmart is much more than a place where customers shop. Walmart’s payroll numbers 2.2

Healthcare 87

Healthcare Currencies Retail eCommerce 87

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. UPS Caps Deliveries From Gap, Nike, Other Big Retailers. Top Trackers And Reports.

Currencies 60

Currencies eCommerce Treasury Retail 60

PYMNTS

JANUARY 26, 2021

At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow. Wider adoption will be driven, in part, by regulatory frameworks that enhance security and foster trust in using cryptos in everyday commerce. Looking Ahead.

Currencies 102

Currencies Healthcare Numbers Retail 102

Future CFO

DECEMBER 11, 2023

Beyond improving supplier relationships, and better control over working capital, other benefits include better security given the increased visibility of payment details, and improved ROI with the anticipated lowering of bank wire fees. Real-time payments also mean account balances stay up-to-date.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

MARCH 10, 2017

What if we were to tell you that retail shopping isn’t dead? That’s bad news for commercial mortgage-backed securities tied to real estate, where loan viability and payments visibility remains in doubt if rent is not there to cover interest payments or if no tenants are left to pay said rent. Bricks and Mortar , Alive?

Retail 48

Retail Currencies Financial Systems Securities 48

PYMNTS

APRIL 29, 2020

That means enabling customers to pay with their preferred, trusted payment methods and currencies. All eTailers need to provide convenient digital shopping experiences, but convenience cannot come at the expense of security. Achieving this can be a heavy lift for businesses, however.

Sales 77

Sales eCommerce Risk Analysis Currencies 77

PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. For retail, Libra could change global eCommerce and the shopping experience. “As

Nonprofit 84

Nonprofit B2B Currencies Banking 84

PYMNTS

DECEMBER 24, 2020

If one measures success for digital currencies in buzz — and in price appreciation for many of the marquee names — then 2020 stands out as a banner year. Building The (Retail) Use Cases. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Over the summer, the U.S.

Currencies 103

Currencies Banking Education Technology 103

PYMNTS

FEBRUARY 26, 2020

A former Microsoft engineer was found guilty of 18 federal felonies after he stole $10 million worth of digital currency from his ex-employer and used the money to finance a $1.6 He took advantage of that access to steal currency stored value (CSV) such as digital gift cards that he then resold on the internet. . million in bitcoin.

Currencies 82

Currencies Accounting Finance Sales 82

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. customers can use to leverage funds stored in their crypto wallets for in-person retail payments.

Leverage 66

Leverage Securities Currencies Retail 66

PYMNTS

AUGUST 24, 2017

3D-Secure 2.0 In this case, though, that upgrade comes to a security protocol designed to strengthen security around online credit card transactions, but which has seen little change since its inception 17 years ago. Today, banks know a static password is not enough to protect an account. Like Web 2.0, Mobile 2.0,

Securities 41

Securities Technology Currencies Leverage 41

PYMNTS

NOVEMBER 14, 2018

s Monzo is collaborating with PayPoint to enable users to make deposits into their accounts through retail locations. With the funds, the FinTech company plans to provide customers with debit cards and IBAN accounts. At the same time, some CoinPip accounts will have the ability to buy and sell digital currency.

Currencies 46

Currencies Accounting Securities Retail 46

PYMNTS

NOVEMBER 18, 2018

Instead, these providers transfer and manage digital currencies. In other news, the Securities and Exchange Commission (SEC) announced in a press release on Friday (November 16) that two issuers of initial coin offerings (ICO) have agreed to settle with the agency.

Auditing 69

Auditing Manufacturing Currencies Securities 69

PYMNTS

JANUARY 23, 2020

A Wells Fargo regulator is planning to slap former company executives with civil charges associated with their position in its retail banking scandals, people familiar with the matter told Bloomberg on Thursday (Jan. The OCC’s investigation shows regulators that individuals will be accountable along with the company itself.

Currencies 52

Currencies Banking Securities Accounting 52

PYMNTS

DECEMBER 16, 2016

Radial data released this week shows that in terms of overall retail online, there’s some opportunity to gain eyeballs and clicks — among less frequent Amazon shoppers. The same survey found that among Amazon shoppers, 95 percent describe the online retailer as “trustworthy.” But better act fast. Two words: Cashless payments.

Currencies 63

Currencies Securities Accounting Retail 63

PYMNTS

NOVEMBER 29, 2018

Rather than entering new payment information – including address and card details – users can easily enter Amazon account login info. “We’re delighted to offer Amazon Pay to our customers, as it is one of the most secure ways to pay for flights, as the user doesn’t have to re-enter their card details,” he said.

Currencies 67

Currencies Retail Accounting Securities 67

PYMNTS

DECEMBER 2, 2019

Cybersecurity firm Radware told NBC that as much as 97 percent of online retail traffic comes from bots in the week leading up to Black Friday and Cyber Monday. Even more damaging, they can break into shoppers’ accounts and steal card numbers, rewards, digital currency and personal data.

Currencies 52

Currencies Retail eCommerce Accounting 52

PYMNTS

JANUARY 27, 2020

According to the patent documentation, the tech will make it possible for a consumer to make a payment in any currency while allowing the receiver of the payment to choose what currency they would like to get it in. The network will automatically change the payment over to the desired final currency.

Currencies 52

Currencies Valuation Cash Management Securities 52

PYMNTS

JANUARY 24, 2020

million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. The Office of the Comptroller of the Currency (OCC) is putting together “ so-called notices of charges ” against 10 people, although settlements could be extended to some, sources have said.

Currencies 60

Currencies Banking Sales Communication 60

PYMNTS

MAY 11, 2020

The bill encourages digital currencies use, meaning that the funds could be disbursed using a central bank-backed digital currency,” the report states, adding, “It is unlikely that the Fed may embrace a digital currency during the pandemic, yet the idea of disbursing funds to digital wallets is more palatable.”.

Currencies 52

Currencies Treasury Compliance Banking 52

PYMNTS

JUNE 28, 2019

The urgency to develop more efficient infrastructures is being driven by the rise of the global economy, with banks and businesses seeking solutions that enable them to move money between borders swiftly and securely. Both firms also plan to expand illimity’s cross-border deposit accounts to the broader EU market.

Foreign Exchange 44

Foreign Exchange B2B Nonprofit Invoicing 44

PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. And just as false positives can jeopardize the business-consumer relationship, so can they negatively affect the buyer-supplier relationship in the accounts payable and accounts receivable context. The False Positive Threat.

B2B 73

B2B Accounts Payable Invoicing B2C 73

PYMNTS

NOVEMBER 30, 2018

According to The Next Web , Jared Rice defrauded investors out of $4 million after he claimed the company would become the “first decentralized banking platform” — offering FDIC -insured accounts and banking services, as well as Visa -branded credit cards and other cryptocurrency services. Now, it’s happening with blockchain.”

Currencies 54

Currencies Valuation Startups Banking 54

PYMNTS

DECEMBER 19, 2016

He noted that the virtual currency was invented in 2008, and after 2012 and 2013, its holders were speculative and “not registered much on the value side”, and within the past year, bitcoin’s become a valuable property beyond which people will use to speculate. One of them is through gift cards.”.

Currencies 64

Currencies Retail Accounting Securities 64

PYMNTS

JUNE 19, 2018

Marketplace sales accounted for 50 percent of all online sales in 2017, according to an estimate provided by PayPal. eCommerce platforms and marketplaces are leveling the retail playing field by connecting buyers who have specific needs with groups of sellers that can meet them,” said Bill Ready, chief operating officer at PayPal.

eCommerce 50

eCommerce Currencies Leverage Retail 50

PYMNTS

FEBRUARY 21, 2020

PYMNTS’ latest roundup finds investor interest for B2B eCommerce , small business banking, corporate card technology, cybersecurity and autonomous supply chain tech, but it was a ResTech startup that secured the most funding of the week, by a considerable margin. MaxWholesale.

B2B 72

B2B Startups eCommerce Investments 72

PYMNTS

AUGUST 22, 2018

No one wears just one suit of armor, and no one shops in just one place when it comes to the mixing and matching of that armor, the hunting for designer names and comparing price tags against the waxing and waning of one’s bank account. Securities and Exchange Commission (SEC).

Retail 40

Retail Numbers Valuation Investments 40

PYMNTS

MAY 17, 2018

There is no evidence that any data involved creating fictitious accounts for retail consumers, as was the case in the scandal from about two years ago. The bank reportedly has told the federal Office of the Comptroller of the Currency about the problem in the wholesale unit. The bank’s shares were down about 1.8

Banking 58

Banking Currencies Risk Management Accounting 58

PYMNTS

JULY 28, 2019

Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website , CoinLaunch was consulted on two ICOs, with both determined to be securities. As a result, CoinLaunch has agreed to pay a $50,000 fine.

Securities 46

Securities Currencies Banking Sales 46