News

Fintech Investments
Robinhood Nearing A Valuation Of At Least $7 Billion
May 29, 2019

Robinhood Markets, the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Fintech Investments
Sureswipe Acquisition Aims To Cash In On Card Machine Growth
May 29, 2019

A group of investors has acquired Sureswipe, a South African payments company, for an undisclosed amount. 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...

Investments
Upsie Raises $5M For Revamped Warranty Program
May 29, 2019

Warranty service company Upsie has raised $5 million in new funding, led by True Ventures. Techstars Ventures, Matchstick Ventures, The Syndicate Fund, M25 and angel investor Marc Belton also participated in the round. Minneapolis, MN-based Upsie will use the new funding to revamp its service,...

Security & Fraud
Virus-Infected Laptop Sold As Artwork For $1.3M
May 29, 2019

Who says a virus-riddled laptop is useless? In fact, one person just paid $1.345 million to obtain an infected device — as a piece of artwork. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Retail Store Closures Pass 7,150
May 29, 2019

This year is proving to be another tough one for brick-and-mortar stores, with Dressbarn, CVS, Party City and Pier 1 Imports being just a few of the retailers announcing closures. According to Coresight Research, more than 7,150 store closures have been announced by U.S. retailers...

Faster Payments
To Limit Or Not To Limit? The Instant Earned-Wage Access Debate
May 29, 2019

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Alternative Finances
Could Income Share Agreements Displace Payday Loans?
May 29, 2019

Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest from investors and innovators, particularly in the context of student loan financing. The basic structure of the program in a...

Artificial Intelligence
Erica — BoA’s AI Assistant — Hits 7M Users
May 28, 2019

Bank of America announced on Tuesday (May 28) that its AI-powered virtual assistant Erica has surpassed seven million users and 50 million client requests, the bank said in a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
Three People Sue Apple Over iTunes Privacy Issues
May 28, 2019

Three Apple customers have sued the tech company over what they say are privacy violations, claiming that Apple allegedly shared their listening habits with third parties, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...