News

Investments
Cardlay In $4 Million Round, Forms Partnerships
December 22, 2016

Danish front-end card management platform and cardholder application Cardlay, which works with banks to provide digital finance solutions as a means to compete with FinTech companies, recently announced it has raised $4 million in a funding round led by private investors. Get the Full Story...

Security & Fraud
UK Cybercriminal Gets Five Years For Phishing
December 22, 2016

The Metropolitan Police’s Falcon Cyber Crime Unit confirmed that a 29-year-old cybercriminal received more than five years in prison for his role in an organized criminal network that illegally accesses bank accounts from around the world. Get the Full Story Complete the form to unlock...

International
Thai University Accepting Rice In Lieu Of Tuition Fees
December 22, 2016

Forget paying for tuition in cash or check. One university in Thailand will accept payment in the form of rice. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Banking
Small Banks Charge Big Overdrafts, Too
December 22, 2016

Turns out, it’s not only big U.S. banks that are charging their customers fees. According to a Pew Charitable Trusts study, small banks are guilty as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Without Verizon Yahoo’s Value, Fate Up In The Air
December 22, 2016

Yahoo’s latest revelation of a massive data breach — this time, potentially impacting 1 billion customers — has led analysts to ponder what the company would look like if Verizon Communications were to walk away from its $4.85 billion purchase of Yahoo’s core assets. Get...

Artificial Intelligence
AI To Bring Economic Growth But Could Hurt Certain Jobs
December 22, 2016

AI brings a lot of promise and will become essential to the growth of the U.S. in the future, but without improvements in education and social services, it could also cause millions of job losses, the White House said in a report on the impact AI...

Payments Innovation
Payments 2016: The Year Of Simplicity And Consolidation
December 22, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. We posed the same question to each executive: Get the Full Story Complete the form to unlock...

Security & Fraud
Italian Banks Debut Response Team For Cybersecurity Issues
December 22, 2016

The Bank of Italy, the Italian Banking Association and the ABI Lab Consortium announced the creation of a new cybersecurity response team, with the aim of strengthening security for operators across Italy’s banking and financial sectors, households, businesses and government entities. Get the Full Story...

Payments Innovation
Payments 2016: The Year Of The Gazelle
December 22, 2016

In the first installment of the “Payments 2016, The Year Of…” eBook, Tomas Likar, VP of strategy and business development at Hyperwallet, let PYMNTS in on how new, faster payment technologies took off this year — much like the evasive speed of gazelles — and...