Uber is working on an investment deal that would value its self-driving unit at $7.25 billion. Citing two people familiar with the matter, Financial Times reported that existing Uber shareholders SoftBank, Toyota and Japanese auto parts supplier DENSO will fund $1 billion into Uber’s Advanced Technologies Group (ATG)...
Since many European Union (EU) countries have now brought PSD2 and GDPR fully into their financial infrastructures, banks and merchants must prepare for the upcoming Strong Customer Authentication (SCA) rule and its fast-approaching September deadline. EU banks and merchants also face the changes to data security,...
Strong Customer Authentication (SCA) is set to debut on September 14, and there’s a $100 billion problem looming if merchants across Europe do not make the mad dash to keep up. The PSD2-related regulation counts itself among a raft of those set to become law...
The New York District Attorney’s (DA’s) office has shut down one of the largest drug vendors on the dark web, sinmed, as well as arrested the three men who allegedly ran it. According to Wired, sinmed made millions of dollars by shipping fentanyl-laced heroin, methamphetamines...
Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. Get the Full Story Complete the form to unlock this article and...
U.K. bank NatWest has announced a biometric payment technology for its commercial and business customers. 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,...
In an attempt to capitalize on a growing trend in retail involving the buying and selling of secondhand clothing and accessories, Neiman Marcus has acquired a minority stake in Fashionphile, an online company that sells pre-owned designer handbags and other similar products, according to a...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes OTT Pay’s tie-up with Canada‘s Wonderland to offer new mobile payment options. Citcon reportedly notched $5 million in Series B funding, Credit Suisse customers in Switzerland will be able to make...
Chinese peer-to-peer (P2P) lender Dianrong wants to raise $100 million in an attempt to outlast a regulatory squeeze on the industry in the country, according to a report in the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...
