News

B2B Payments
Ripple CEO Steps Aside
November 02, 2016

The CEO of blockchain tech startup Ripple has decided to step aside for the firm’s current COO and president. Reports Tuesday (Nov. 1) said Chris Larsen will end his position as CEO of Ripple, with COO and President Brad Garlinghouse taking his place effective Jan. 1,...

B2B Payments
Investors Back SaaS Accounting Helper SaaSOptics
November 02, 2016

SaaSOptics, which provides streamlined accounting management solutions for B2B SaaS businesses, announced new funding this week. The company has raised $1.8 million in funding from Techstars Ventures, among other backers, including TEN Holdings Chairman Tom Noonan and Fulcrum Equity Partners Founder Alston Gardner. SaaSOptics provides...

Faster Payments
Faster Payments Tracker: Ensuring A Faster Insurance Payment?
November 02, 2016

After disaster strikes or fenders bend, time takes on new meaning. For the latest Faster Payments Tracker™, PYMNTS spoke with Chad Hauff, director of premium accounting for Safety Insurance, about getting insurance payments to policyholders quickly, whether they’ve had their home damaged in a hurricane...

B2B Payments
PayNode Launches To Disrupt B2B Jet Charter Payments
November 02, 2016

The corporate chartered aviation space is massive. According to Avinode, which offers an online marketplace for private jet charter buyers and sellers, the average transaction in this space is $35,000. But the payment part of that transaction can be difficult. Avinode announced its solution to...

News
US Stocks Hem and Haw Ahead of Election
November 01, 2016

Nature abhors a vacuum, and they say on Wall Street that US stocks do too. Just a week remains before the end of a most polarizing election, and while polls and conventional wisdom may favor one side over another, the fact remains that it ain’t over till the last...

Digital Banking
Virgin Money Inks Deal To Build New Digital Core
November 01, 2016

The U.K.-based financial services provider has signed on with 10x Future Technologies, the FinTech startup established by former Barclays Chief Antony Jenkins, to help boost its digital capabilities. Virgin Money will utilize 10x Future Technologies’ cloud-based platform to help provide its customers with tailored financial...

Retail
One Million Consumers Dish On The Holiday Shopping Season
November 01, 2016

InfoScout researched the shopping habits of nearly 1 million consumers and released its top seven predictions for the upcoming holiday shopping season. By capturing data from nearly one out of every 500 shopping trips made in the U.S., InfoScout is able to gather and analyze more...

Goldman Strongly Suggests Subscription Service For Apple
November 01, 2016

One of the best ways to gain customer loyalty? Offer a subscription service. And that’s what Goldman Sachs is recommended that Apple do: Offer an Apple subscription service that includes premium content, certain services and iPhone products. All in the name of growth and loyalty. Where have...

Security & Fraud
Uh-Oh, Primark Find Card Skimmers In US Locations
November 01, 2016

Primark, a European clothing dealer, has reported that credit card skimming equipment was found on “a limited number of card payment machines” in two of its U.S. stores in the King of Prussia Mall and Willow Grove Mall, both in Pennsylvania. The brand also confirmed that...