News

B2B Payments
SAP Concur Shutters Travel Search Site Hipmunk
January 15, 2020

Less than three years after acquiring travel search startup Hipmunk, SAP Concur has announced that it will shutter both the consumer- and corporate-facing operations of the platform. Reports in PhocusWire on Tuesday (Jan. 14) said that SAP Concur notified Hipmunk employees that morning. Current Hipmunk employees...

News
Top News In Payments: Amazon Invests $1B In India SMBs; Wells Sees Card Spending Growth
January 15, 2020

In today’s top payments news, Amazon plans to invest $1 billion in small and medium-sized businesses in India. Plus, in fourth quarter earnings, Wells Fargo reports card spending growth and Goldman Sachs points to its consumer banking expansion. Get the Full Story Complete the form...

Digital Banking
Brazil’s Unicorn FinTech EBANX Pilots Digital Wallet
January 15, 2020

Brazil’s unicorn FinTech and payments startup EBANX is trialing a digital wallet, called Ebanx Go, with 10,000 consumers on a test basis, the company announced on Wednesday (Jan. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Security & Fraud
DataVisor Launches Real-Time Fraud Detection Solution
January 15, 2020

Fraud detection company DataVisor, which uses artificial intelligence (AI) to help find fraud activity and correct it, has released a new anti-fraud solution called dEdge, which can detect attacks and malicious operations in real time, according to a press release.  Get the Full Story Complete...

Investments
Subscription Tech Firm Grover Closes €250M In Debt Equity
January 15, 2020

Berlin-based “pay as you go” tech subscription startup Grover has closed an asset-backed financing deal that adds to its existing debt facility with Varengold Bank to the tune of €250 million, according to a report by TechCrunch. Get the Full Story Complete the form to...

Partnerships / Acquisitions
German FinTech Raisin Eyes US Launch Following Latest Acquisition
January 15, 2020

European wealth management FinTech Raisin is planning to roll out in the U.S. following the acquisition of software company Choice Financial Solutions (Choice FS), Raisin announced on Wednesday (Jan. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
HSBC Debuts Corporate Treasury APIs For Integrated Payments
January 15, 2020

U.K. financial institution HSBC is rolling out a suite of APIs (application program interfaces) designed for corporate treasurers to more seamlessly initiate financial transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Settling Into Sofas On Subscription
January 15, 2020

Millennial consumers are a mobile group – according to data analysis by FiveThirtyEight, the average millennial makes 12 moves between moving out of their parents’ home at college graduation and buying their first home. Frequent moves create all kinds of life complications for younger consumers, especially involving...

Retail
CVS Health On Track To Rehab Over 1,000 Stores
January 15, 2020

With CVS Health on the path to meeting its goal of revamping more than 1,000 of its stores, the health retailer is reportedly seeing positive early results. CVS rolled out three HealthHUB concept stores in Texas close to the conclusion of 2018 and grew the...