News

Investments
Uber Ex-CEO Kalanick Now Owns Less Than 10 Pct Of Ride-Hailing Giant
December 22, 2019

Uber co-founder and former CEO Travis Kalanick is exiting his stake in the popular ridesharing company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

B2B Payments
Lloyds To Make Special £35K Payout To HBOS Fraud Victims
December 22, 2019

To regain trust following an independent review that deemed its compensation plan to not be “fair and reasonable,” and which had to be redetermined, Lloyds Banking Group is to make a special £35,000 ($45,547.60 USD) payout to 191 fraud victims. Lloyds’ Managing Director Jo Harris...

Partnerships / Acquisitions
U.S. Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G
December 22, 2019

A group of state attorneys are banding together to fight a merger of T-Mobile and Sprint that is backed by the United States Justice Department, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Ridesharing
Colombia Blocks Uber From Using Its Ride-Hailing App
December 22, 2019

Uber was ordered last Friday by a Colombian judge to stop securing business in their country via its popular ride-hailing app, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
How Mariah Carey’s Christmas Classic Digitally Rocketed To No. 1 In 2019
December 21, 2019

This Christmas season, what’s old is not only new again — in fact, what’s old is kicking major butt on the music charts, and you have the digital and eCommerce ecosystem to thank (or blame) for that. Get the Full Story Complete the form to...

Partnerships / Acquisitions
F5 Adds To Portfolio With $1B Shape Security Acquisition
December 20, 2019

To add protection from targeted fraud, automated attacks and botnets to its portfolio of application services, F5 will acquire fraud and abuse prevention company Shape Security. The two companies announced a deal in which F5 will buy all of Shape’s issued and outstanding shares for a...

Ridesharing
Uber, Lyft Push Back Against California Gig Worker Law
December 20, 2019

Uber and Lyft are organizing and pushing back against a California law that takes effect on Jan. 1 and would force them to classify their drivers as employees rather than independent contractors, a move that would compel the companies to provide things like a minimum...

Payment Methods
FinTech Startup Curve Launches P2P Payments Feature
December 20, 2019

Curve, a banking app that consolidates all of a person’s bank cards into one card and app, is launching a new feature that will allow for person-to-person (P2P) payments, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this...

News
2020s Payment Trends, Fighting Fraud With AI, Gas Station Cyberattacks Top This Week’s News
December 20, 2019

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything — with the latest in payments and commerce news. We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven...