News

Security & Fraud
Rio TInto Exec Ousted in Payments Inquiry
November 10, 2016

Mining company Rio Tinto announced Wednesday (Nov. 9) that one of its executives has left the company, and another one was suspended due to an inquiry into emails over millions of dollars in payments made to a consultant to help the company get the rights...

Payment Methods
Contactless Card Usage In Europe Exploding
November 10, 2016

Contactless card payment usage in Europe continues to explode as more and more merchants accept this form of payment, according to a new study by consulting firm RBR. In a report dubbed “Global Payment Cards Data and Forecast,” the firm found that one in five...

Regulation
Post-Election, SEC Expected To Relax Post-Crisis Rules
November 10, 2016

Many things are likely to change in a Trump administration, among them the Securities and Exchange Commission. The Wall Street Journal reported that Donald Trump, who has stated a desire to roll back at least parts of the Dodd-Frank laws governing the financial industry, which...

News
i-mode Phones Take Their Final Bow (Plus, PayPal, Starbucks, Shell & Apple Pay)
November 10, 2016

To most Americans, the news earlier this week that that Japan’s i-mode service will cease to exist won’t cause much of a stir. Looking at the name of the product alone, we imagine that the average consumer might wonder if Apple is pulling the plug...

Payment Methods
Hiveage Adds ACH To Its Invoicing And Billing Service
November 10, 2016

Hiveage, the online invoicing and billing Software-as-a-Service company geared toward freelancers and small businesses, announced Wednesday (Nov. 9) the availability of ACH for its customers in the U.S. The service is being offered through eCheck.Net by Authorize.Net. “Over the past few months, our U.S. users...

Flexiti And The B2B Service Of Flexible Financing
November 10, 2016

Point-of-sale financing may not ring bells as a B2B staple, but someone’s got to be the backbone of the transaction, streamlining the process so that customers don’t wait too long. Flexiti Financial leverages technology and financing to help smaller retailers.

B2B Payments
Fear Holding Back SME Global Traders, Finds HSBC
November 10, 2016

Small businesses in the U.K. need more help to achieve their international ambitions, finds a new report by HSBC. The bank released a new paper this month, “Exporting for Growth: The SME Perspective,” to explore how British small businesses are eying international expansion. Researchers found an...

Cross Border Commerce
X-Border Payments Optimization Tracker: Loyalty, International Style
November 10, 2016

When traveling abroad, shopping often calls. But how can retailers turn foreign customers into loyalists? For the latest edition of the X-Border Payments Optimization Tracker™, PYMNTS caught up with Asad Jumabhoy, founder of cross-border loyalty platform UTU, to discuss how merchants can reach and build...

Payment Methods
Are Digital Wallets The New Prepaid?
November 10, 2016

From Chick-fil-A One to Apple Pay, everybody is trying to give somebody a new, branded and mobile way to pay. But are all these “Pay” products really up to the job? Ken Allen, SVP of operations at Socure, joined Karen Webster to discuss the overabundance...