News

Security & Fraud
Visa: EMV Cuts Card-Present Counterfeit Fraud By 80 Pct
February 13, 2019

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
PayPal Reorgs In Asia, Closes Malaysia Office
February 13, 2019

In a restructuring move for its customer support department, PayPal has closed its office in Malaysia, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Global Payments
Burger King Russia Teams With WebMoney Transfer; Bleep UK Rolls Out New Kiosks
February 13, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Burger King Russia’s collaboration with WebMoney Transfer for quick response (QR) code-based payments. In addition, Bleep UK PLC has rolled out its Bleep SS-821 self-service kiosks, and SOTI found that a majority...

Investments
Autonomous Trucking Co TuSimple Becomes Unicorn With $95M Fundraise
February 13, 2019

TuSimple, a driverless truck startup in California, has achieved unicorn status — a valuation of $1 billion— after a series D funding round that brought in $95 million, according to a report by CNBC.   Get the Full Story Complete the form to unlock this...

Investments
Starling Bank Raises £60M For Expansion
February 13, 2019

Starling Bank, the U.K. digital banking platform, announced on Wednesday (Feb. 13) that it has raised £60 million ($77.15 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...

Investments
Rapyd Raises $40M For ‘FinTech-As-A-Service’
February 13, 2019

Rapyd, the Silicon Valley-based startup that offers a slew of financial services from payments to ID verifications from one API, has raised $40 million in venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
QuadrigaCX Loses Another $250M CAD Of Crypto
February 13, 2019

QuadrigaCX, the Canadian crypto exchange that previously lost $250 million CAD worth of cryptocurrencies and fiat, has reportedly lost an additional $500,000 CAD. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Unpacking The Luggage Storage Services Business Model
February 13, 2019

Some entrepreneurs have been inspired to find new solutions to common travel challenges such as storing luggage for guests of home shares: LuggageHero Founder and CEO Jannik Lawaetz, for instance, has stayed at these types of accommodations (and with friends and family) over the past...

Retail
How Tech Innovators Are Enabling Contextual Commerce Experiences
February 13, 2019

In the highly connected digital age, consumers are interacting with a multitude of social media sites as well as apps and connected devices. During this time, retailers and tech companies are bringing integrated shopping experiences into the sites and apps where consumers spend the most...