News

IPO
Pinterest Prices IPO At $19 A Share; Raises $1.43B
April 18, 2019

Pinterest priced its initial public offering at $19 a share late Wednesday (April 17) raising $1.43 billion and giving the company a valuation of $10 billion. According to a report in CNBC, the image search company has originally priced shares between $15 and $17 a...

Banking
How Banks Are Using APIs To Unlock Omnichannel Value
April 18, 2019

A customer looking to open a new bank account is often in for a somewhat bumpy process. There are a lot of redundant forms and, in some cases, a few venue changes. For example, the process might start online, but then the customer is forced...

Payments Innovation
Visa, Wave Team To Bring Instant Payouts To Micropreneurs
April 18, 2019

“When do you want to get paid?” It’s a basic question that — when posed to anyone, particularly, a small business (SMB) — most always has the same answer, no matter who one asks or within what industry: now. Until recently, “now” was almost never...

Investments
Uber’s Self-Driving Unit Valued At $7.25B
April 18, 2019

Uber is working on an investment deal that would value its self-driving unit at $7.25 billion. Citing two people familiar with the matter, Financial Times reported that existing Uber shareholders SoftBank, Toyota and Japanese auto parts supplier DENSO will fund $1 billion into Uber’s Advanced Technologies Group (ATG)...

Investments
Payfone Nabs $24M In Funding; Partners With TransUnion
April 18, 2019

Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. Get the Full Story Complete the form to unlock this article and...

Banking
UK Bank NatWest Introduces Biometric Payments
April 17, 2019

U.K. bank NatWest has announced a biometric payment technology for its commercial and business customers. 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 newsletter,...

Global Payments
OTT Pay Teams With Canada’s Wonderland; Citcon Raises $5M In Series B Funding
April 17, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes OTT Pay’s tie-up with Canada‘s Wonderland to offer new mobile payment options. Citcon reportedly notched $5 million in Series B funding, Credit Suisse customers in Switzerland will be able to make...

Investments
P2P Chinese Lender Dianrong Seeks $100M Amid Regulations
April 17, 2019

Chinese peer-to-peer (P2P) lender Dianrong wants to raise $100 million in an attempt to outlast a regulatory squeeze on the industry in the country, according to a report in the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...

Payment Methods
Uber Eats Now Supports Apple Pay
April 17, 2019

Uber announced on Wednesday (April 17) that it is adding Apple Pay to its popular Uber Eats app, according to reports. Customers who want to use the payment option can now either do so using the Face ID or Touch ID option inside the Uber...