GBG, the U.K.-based identity data intelligence specialist, has announced it is acquiring IDology, a U.S.-based provider of identity verification and fraud prevention services, for $300 million. GBG has completed 11 acquisitions since 2011, but its all-cash acquisition of IDology is its largest to date. Get...
Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
A former Snap executive is planning to take on Amazon with the launch of a new eCommerce platform. 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...
The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and paperwork as bigger institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Do you want to gain a step on fraudsters? Do you want to beat them while also making it as seamless as possible for legitimate consumers to buy from your website and contribute to your bottom line? Get the Full Story Complete the form to...
Shopping is a social experience in more ways than one. Consumers are busy, attached to their smartphones and used to scrolling past thousands of product images per day. They’re using social apps like Instagram to make purchases right from their feed instead of heading to...
Retail furniture giant Ikea’s recent acquisition of handyman site TaskRabbit shows that it’s aware of competition from other online-only furniture retailers, and their push of services like installation and delivery, according to a report by Reuters. Get the Full Story Complete the form to unlock...
The Federal Trade Commission said it will send refund checks to people who were victims of a tech support scam. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Reddit has received $300 million in a Series D funding round from some notable investors, giving the company a new valuation of $3 billion. In addition, the investment will help the company take on ad revenue from companies like Facebook and Google and continue to...
