News

Banking
Santander, eBay Partner On Loan App
June 03, 2019

Santander, a Spanish bank, and eBay have teamed up to offer lending services to small businesses, in an attempt to stave off competition from not only larger companies but smaller ones as well, according to a report by the Financial Times. A FinTech app owned...

Regulation
DOJ, FTC Agree Over Jurisdiction Of Facebook, Google Oversight
June 03, 2019

The Department of Justice (DOJ) and the Federal Trade Commission (FTC) have come to an agreement over the jurisdiction of potential antitrust probes into Facebook and Google, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock...

Security & Fraud
Millions Of Health Records Compromised In Quest Hack
June 03, 2019

Patient records numbering around 11.9 million were compromised and exposed in a data breach of an agency that collects money for Quest Diagnostics and UnitedHealth Group, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Tech Giants’ Stocks Sink Amid Regulatory Probes
June 03, 2019

Shares in some tech giant companies fell on Monday (June 3) after news of potential oversight and antitrust investigations into the companies, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

eCommerce
Online Retail Pumps New Fuel Into Warehouse Growth
June 03, 2019

The rise of eCommerce has done much more than change the way consumers shop (which, in turn, has helped to change the way consumers think about payments). Online retail has had a tremendous impact on logistics, further evidence of which emerged on Monday (June 3)....

International
Paytm Eyes Insurance Marketplace Coverfox
June 03, 2019

Paytm, the Indian payments company backed by SoftBank, is reportedly in late-stage discussions to buy Coverfox, the Indian insurance marketplace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Database Management Startup Fluree Snags $4.7M For Blockchain Tech
June 03, 2019

Fluree, a database management startup based in North Carolina, has raised $4.7 million in a funding round to develop blockchain and integrate it into its database technology, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payments Innovation
How QSRs Are Seizing Mobile Order-Ahead’s Mainstream Momentum
June 03, 2019

Mobile food ordering has quickly gone from niche activity to mainstream. Between 2016 and 2018, the volume of orders placed through mobile apps grew by 130 percent, according to PYMNTS’ Mobile Order-Ahead Tracker. Mobile represents roughly 60 percent of all digital restaurant orders today. This...

Investments
WorldRemit Raises $175M For Global Expansion
June 03, 2019

WorldRemit, the mobile payments company, announced Monday (June 3) that it raised $175 million in venture funding. 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...