News

Banking
JPMorgan To FinTechs: Sign Data Sharing Deals, Sources Say
February 14, 2020

As large banks and FinTechs worldwide wrestle over data-sharing, JPMorgan Chase & Co has reportedly set a mid-summer deadline for FinTechs to ink new data access agreements. FinTech firms will be prevented from accessing client data by July 30, except if they ink the deals,...

Security & Fraud
PR Gov’t Loses $2.6M Due To Email Phishing
February 13, 2020

The government of Puerto Rico lost $2.6 million after it was the victim of an email phishing scam, according to the AP. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Ridesharing
Uber Targets Senior Riders With Phone Booking Service
February 13, 2020

Uber is launching a new telephone booking service aimed at older consumers in the U.S. who might not use the internet on their phones, according to a report by VentureBeat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
Real Estate Co First American To Acquire Docutech
February 13, 2020

Real estate transaction company First American Financial Corporation has announced that it is acquiring eDocument company Docutech, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

News
Today In Payments: PBOC Patents Show China’s Push For Digital Money; Fiserv Intros Scan To...
February 13, 2020

In today’s top payments news, the People’s Bank of China has filed more than 80 patents as it attempts to adopt a digital currency, and Fiserv introduced Scan to Pay, a new way for diners to pay their checks with Apple Pay. Plus, a new...

Retail
Alibaba Says Revenues Will Dip Because Of Coronavirus
February 13, 2020

Alibaba revealed that it expects the coronavirus, which originated in the Wuhan province of China and sparked global epidemic fears, will negatively affect its revenue moving forward, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
Flywire Raises $120M, Acquires Simplee Healthcare
February 13, 2020

Vertical payments startup Flywire has acquired healthcare technology startup Simplee, while also closing a $120 million Series E investment round led by Goldman Sachs, the company announced on Thursday (Feb. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Wells Fargo Invests $5M In Blockchain Analysis Startup Elliptic
February 13, 2020

Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. 13).  Get the Full Story Complete the form to...

Retail
Taking Friction Out Of The Kitchen With Subscription Kits
February 13, 2020

For those without much culinary experience, eCommerce innovators are assembling “how-to” kits to help teach them how to bake. Whisk Takers, in one case, offers kits with non-perishable ingredients and step-by-step recipes for baked goods that consumers can purchase through subscriptions or a la carte....