News

Biometrics
China Continues Facial Recognition Adoption With Airport Scanners
December 11, 2019

Beijing Daxing International Airport has been incorporating facial recognition software more and more, and it’s being used to do everything from identifying passengers to purchasing items from the duty free store, according to a report by Bloomberg. Get the Full Story Complete the form to...

Partnerships / Acquisitions
Gojek Eyes Mobile POS Space With Pending Moka Acquisition
December 11, 2019

Indonesia’s ride-hailing giant Gojek is getting closer to finalizing a deal to purchase point-of-sale (POS) startup Moka for at least $120 million, Bloomberg reported, citing sources.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
Metro Bank Pilots Corporate Expense Management Tech
December 11, 2019

U.K.-based Metro Bank has begun piloting a new corporate expense management solution in partnership with Canadian FinTech Sensibill, a press release said Wednesday (Dec. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Airbnb Challenger WhyHotel Scores $20M For Luxury Room Rentals
December 11, 2019

WhyHotel, a company that offers pop-up hotel rooms in recently built luxury apartments, has raised $20 million in a Series B funding round, according to a report by VentureBeat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Qwil Lands $24.4M Equity Round To Grow SMB Lending Platform
December 11, 2019

Qwil, a company that gives loans to small businesses and freelancers, has received $24.4 million in equity, as well as $200 million in debt funding, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
HBOS Fraud Compensation Review Discovers ‘Shortcomings’
December 11, 2019

Small to medium-sized businesses (SMBs) impacted by fraudulent activity within Lloyds-owned HBOS could be in line for larger compensation payouts after an independent review found “shortcomings” in the current compensation program. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Revolution Payments Expands Service To Lower Biz Card Fees
December 11, 2019

The interchange fees associated with commercial card acceptance are the latest target of commercial card optimization company Revolution Payments, which announced a new service designed to further reduce that burden on business-to-business (B2B) suppliers. Get the Full Story Complete the form to unlock this article...

News
Top News In Payments: ECB To Discuss Central Bank Crypto; Token Launches M10 Networks For...
December 11, 2019

In today’s top news, policymakers at the European Central Bank (ECB) will meet to discuss the pros and cons of launching their own electronic currency. Also, open banking platform Token.io launches its spinoff company, M10 Networks, to develop solutions for digital currency, and Visa and...

Security & Fraud
Kaspersky: Ransomware Attacks Spiked 60 Pct. In 2019
December 11, 2019

Cybersecurity company Kaspersky is reporting there has been an uptick in ransomware attacks this year, with many specifically targeting municipalities and their subset organizations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...