Lawmakers push back on MoneyGram Alipay deal, Bitcoin fuels global ransomware attacks, U.S. China reach payments trade deal.

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May 15, 2017

FinTech And Banks

Banks And FinTech Start-Ups: At Odds No More?
 

The party line, until recently, was that FinTech start-ups thought about innovation first and traditional banks thought about innovation last and never the two would meet. But FI.SPAN Co-Founder, Clayton Weir, says that thinking has changed — on both sides. He tells PYMNTS how — and why.

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PYMNTS Topic TBD

Keeping Third Party Risk First On The Cyber (Risk) List
 

As companies expand and interact with an ever-widening web of vendors, third party risk deepens as data is shared and potentially, exposed. In the latest Topic TBD, Gayle Woodbury, managing director at Crowe Horwath, weighed in with PYMNTS’ Karen Webster on why risk control needs to have broad horizons.
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PYMNTS Data Dive

Earnings Edition: Green Dot Hits, OnDeck Misses, And First Data Looks Ahead
 

Last week was all about the earnings — and convincing investors that no matter what the numbers say — everything is going exactly as planned. Some found that sale reasonably easy to make. Others, weren’t as convincing. Who had it made in the earnings shade last week?

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Bitcoin

Why It’s Time To Come Down On Bitcoin
 

Taking a company’s data hostage is bad enough. But when it also cripples a doctor’s ability to treat patients, a huge line has been crossed, says Karen Webster. The cyberattacks last weekend targeting 100,000 institutions, including hospitals, in 150 countries were made possible courtesy of bitcoin and a threat that law enforcement says will only get worse. It’s why Webster says it’s time to give bitcoin a serious regulatory reality check — and why we might need to channel our inner Frances Kelsey to do it. Who’s that and what does she have to do with bitcoin? Guess you’ll have to read on.

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