News

Mobile Payments
Samsung Adds Millions To Mobeewave’s Series B
January 28, 2019

In November 2018, Mobeewave announced that it had closed a big Series B round. Led by NewAlpha Asset Management, Mastercard and Forestay Capital, the $16.5 million round was described by Benjamin du Haÿs, co-CEO and co-founder of Mobeewave, as “a major market validation of our payment acceptance platform.”...

Regulation
Deep Dive: PSD2 And FCA Exemptions
January 28, 2019

PSD2 requires every player in the EU that handles payments to make adjustments to ensure faster and more transparent transactions. The regulation opens customer data to third-party providers — as opposed to granting banks the right to silo and share it at will — and...

Regulation
Traveling Still Needs To Be Friction-Free And Secure Under PSD2
January 28, 2019

The $318 billion European travel market is grappling with the changes PSD2 is bringing to how payments are made and processed within the EU, but its impact goes far beyond payments. PSD2 mandates stronger requirements for fraud and customer authentication, which is putting pressure on...

Regulation
The Dark Side Of India’s New eCommerce Rules
January 28, 2019

Barring any reprieve, Feb. 1 marks a sea change for India’s eCommerce sector. New rules may hobble giants like Amazon and Flipkart from offering discounts or investing in nascent marketplaces. Here’s why economic nationalism may trigger ripple effects no one will want.

Regulation
Merchants Gone Wild: The Surcharge Edition
January 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. 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
Porsche, BMW-Backed Urgent.ly Raises $21M For Roadside Assistance
January 28, 2019

Roadside assistance startup Urgent.ly has raised $21 million in a Series B round that included venture arms of BMW, Porsche and Jaguar Land Rover. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
India’s Reliance To Raise $563M To Take On Amazon, Walmart
January 27, 2019

Reliance Industrial Investments is gearing up to raise ₹4,000 crore to meet the company’s investment requirements and needs for funding, reported Deal Street Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Twitter Data Breach Prompts GDPR Investigation
January 25, 2019

The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. On Friday (Jan. 25), the DPC said it was again looking into the social media giant because of another breach notification it received from the company, according to a report from...

Regulation
Post-GDPR, Deliveroo Probed Over Data Security
January 25, 2019

The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all over Europe, but especially in the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...