News

Biometrics
Agency Says FBI’s Facial Recognition Tech Falls Short
June 04, 2019

The Government Accountability Office (GAO) and members of congress say the FBI’s use of facial recognition technology isn’t private or accurate enough, according to a report by VentureBeat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Hertz Tests Vehicle Subscription Program
June 04, 2019

Subscription commerce is everywhere, and that includes via car rental company Hertz. It reportedly announced on Tuesday (June 4) that it is piloting a service called Hertz My Car. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
AI Chip Startup Attracts Bill Gates, Khosrowshahi In $9M Round
June 04, 2019

A next-generation artificial intelligence (AI) chip startup called Luminous has raised $9 million in a seed funding round and attracted investors like Microsoft Co-Founder Bill Gates, Uber CEO Dara Khosrowshahi and Uber Co-Founder Travis Kalanick, according to a report by CNBC. Get the Full Story...

eCommerce
Can Predictive Retail Really Take Off?
June 04, 2019

No one wants to run out of toilet paper. 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, PYMNTS Today. By completing this form,...

Partnerships / Acquisitions
PayFi Teams With The Clearing House For Real-Time Payments Platform
June 04, 2019

Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
UK Tightens Rules On P2P Lenders
June 04, 2019

Crowdfunding platforms, or peer-to-peer (P2P) lenders, are going to face tougher regulations in the U.K. through the Financial Conduct Authority (FCA), according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Why Big Tech’s Regulatory Reshaping Is Not So Cut And Dried
June 04, 2019

Might it be the end of an era – where the drum beats are growing louder and the song will remain anything but the same? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Wells Fargo Restructures Commercial Banking Business
June 04, 2019

Wells Fargo announced on Tuesday (June 4) that it has restructured its commercial banking business. 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,...

Security & Fraud
Square Sends Receipts To Wrong Customers
June 04, 2019

Square, the digital payments company that handles millions of transactions for consumers, sometimes sends the receipts to the wrong people, a situation chronicled in a new Wall Street Journal report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...