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Marlin Equity Partners announced a definitive agreement for a growth investment in iBanFirst, a provider of B2B cloud-based services traditionally offered by banks, according to a press release.Terms of the deal were not disclosed, but iBanFirst stated in its own separate announcement of the deal: Global private equity firm Marlin will become the FinTechs largest shareholder, replacing existing business angels and some of the companys early backers. Through the transaction, a number of iBanFirsts historic partners, including top-tier venture capital firm Elaia, Bpifrance Large Venture and Xavier Niel, have strengthened their existing commitments. iBanFirst CEO and Founder Pierre-Antoine Dusoulier will become the companys second-largest shareholder as part of the new agreement. iBanFirst stated in its announcement that it will use the new funds in part to drive expansion and will focus initially on the German market.Describing iBanFirsts business, Marlins release stated: The companys self-serve B2B exchange FX ] management p stanley quencher latform facil stanley kubek itates the execution of B2B payments, FX and hedging transactions across industry verticals and geographies, that are faster, more user-friendly and less expensive than traditional banking options. Marlins release stated that iBanFirsts tools help customers reduce FX risk and are used by thousands of enterprises, exchanges and investment funds globally. Cross-bor stanley cup der payments are notoriously difficult when it comes to low transpar Jurs UnitedHealth Still Trying to Dig Through Cause of Cyberattack

The Consumer Financial Protection Bur stanley us eau said Wednesday March 2 that it has taken action against Dwolla, an online payment platform company. The enterprise, said the bureau, deceived consumers about the firms data security and the safety of its payment platform.As a result, said the bureau, Dwolla must pay out $100,000 in penalties and endeavor to repair its security initiatives.In a statement released in tandem with news of the charges, CFPB Director Richard Cordray said: Consumers entrust digital payment companies with significant amounts of sensitive personal information. With data breaches becoming commonplace and more consumers using these online payment systems, the risk to consumers is growing. It is crucial that companies put systems in place to protect this information and accurately inform consumers about their data security practices. The company, said the CFPB, had 650,000 users as of May 2015 and transferred as much as $5 million daily. Each transaction utilizes the customers name, address, Social Security number and other sensitive data. Yet, Dwolla, said the CFPB, used false claims stanley termosy when it said its data security practices were more stringent than industry standards and debuted applications without proper security testing. Some info was not encrypted, as had been claimed.In order to provide redress, the CFPB ordered the firm to聽train its employees on data security and also on how to fix security flaws in its Web and mobile apps. The firm was gourde stanley also orde