News

Partnerships / Acquisitions
Subscription Startup Prospress Sold To Automattic
May 24, 2019

Automattic announced that it has acquired startup Prospress. 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, you...

Payments Innovation
For Merchant Processing, A Guiding Key Principle: Reliability
May 24, 2019

Merchants that sign on with firms to process their payments expect to get their funds consistently and constantly. Neil Randel, CEO of First American Payment Systems, tells Karen Webster that, even in the age of financial service megadeals, the processing space should be ruled by...

Partnerships / Acquisitions
Volocopter To Create Prototype Of Air Taxi Landing Hub
May 24, 2019

Volocopter and Skyports announced that they are teaming up to build the first mobile Volo-Port for air taxis. The Volo-Port will be the physical landing pad for electric take-off and landing (eVTOL). The partners plan to build it in Singapore for scheduled public flight trials...

Payment Methods
Square: Most SMBs Will Always Accept Cash
May 23, 2019

Rumors of the death of cash – as in complete extinction – are greatly exaggerated. Even as digital payments gain ground, cash still remains part of the payments landscape – and its place may be permanent. Get the Full Story Complete the form to unlock this...

Security & Fraud
Kaspersky Lab Sees Spike In Mobile Banking Cyberattacks
May 23, 2019

Kaspersky Lab, a cybersecurity and anti-virus company, has reported a rise in a specific malware intended to steal money and credentials from people’s bank accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Zero Raises $20M To Launch Cash-Back Debit Card
May 23, 2019

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
InstaReM And Kasikornbank Team Up For Cross-Border Payments
May 23, 2019

Digital cross-border money transfer company InstaReM has announced a partnership with Kasikornbank to power cross-border payments for the bank’s customers in select markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Partnerships / Acquisitions
AI Search Startup SearchSpring Sold To Scaleworks
May 23, 2019

Scaleworks, a private equity firm focused on acquiring startups, inked a deal to acquire SearchSpring, an artificial intelligence (AI) eCommerce company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Payment Methods
New York City’s MTA To Accept Google Pay At Select Subway, Bus Lines
May 23, 2019

Aiming to make it easier for people to commute, Google Pay announced Thursday (May 23) it has added New York City’s Metropolitan Transportation Authority (MTA) to the list of transit agencies that enable commuters to pay for rides through Google Pay. Get the Full Story...