News

B2B Payments
Funding Options, Caxton FX Pair Up On Multi-Currency SMB Card
February 08, 2019

U.K. marketplace lending company Funding Options is teaming up with Caxton FX to introduce a prepaid multi-currency payment card for small businesses (SMBs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Payment Methods
Revolut Runs Into Trouble With Ad That Highlights Transactions
February 08, 2019

Revolut, the U.K. FinTech that has been growing at a rapid pace, was forced to acknowledge it made up stats for a recent advertising campaign. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Postmates Files For IPO
February 08, 2019

Postmates has confirmed that it has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Artificial Intelligence
IBM Puts $2B In NY AI Research Center
February 08, 2019

IBM is planning to invest over $2 billion to help establish an “AI Hardware Center” at the SUNY Polytechnic Institute campus in Albany, as well as boost its high-tech footprint throughout New York State. Get the Full Story Complete the form to unlock this article and...

Investments
Car Tech Startup Aurora Snags $530M From Amazon, Others
February 07, 2019

Aurora, a self-driving car technology company, has raised upwards of $530 million in a series B financing round led by Sequoia Capital, with a large investment from Amazon and T. Rowe Price Associates, according to reports. Get the Full Story Complete the form to unlock...

Retail
Foot Locker Invests $100M In Online Sneaker Reseller Platform
February 07, 2019

Legacy retail company Foot Locker has invested $100 million in Goat Group, an online platform that sells and resells rare and classic sneakers, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Barclays Invests $12.9M In Loyalty Startup Bink
February 07, 2019

British financial institution Barclays has invested $12.9 million in Bink, a startup that lets customers store and view all their loyalty cards on a phone, and also links payment cards to get points and rewards automatically, according to reports. Get the Full Story Complete the...

Investments
USA Tech Shares Plummet As Auditor Resigns
February 07, 2019

USA Technologies’ shares lost roughly 45 percent of their value on Thursday in intraday trading after an SEC filing by the firm revealed that RSM US LLP, the firm’s auditor, resigned over concerns tied to financial reporting by the company. Get the Full Story Complete...

Banking
Lloyds Launches Open Banking App Feature
February 07, 2019

Lloyds Bank, a British financial institution, has released a new feature to its banking app that will allow customers to see their accounts from other banks together on one screen, according to reports. Get the Full Story Complete the form to unlock this article and...