News

B2B Payments
OweMe Lands Seed Funding For Blockchain Trade Finance Platform
December 12, 2018

Supply chain financing startup OweMe has landed seed funding from pi Ventures, TechCircle reported on Tuesday (Dec. 11). 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...

B2B Payments
Cred Opens Crypto Corporate Lending Platform To Developers
December 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. 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...

Security & Fraud
Marriott Hack Part Of Broader Chinese Intelligence-Gathering Effort
December 12, 2018

The Marriott data breach which exposed the data on about 500 million guests was part of a wider campaign by China to gather information, reported The New York Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Biometrics
Hertz, CLEAR Partner To Speed Up Car Rentals With Biometrics
December 12, 2018

Aiming to get drivers in car rentals more quickly, Hertz announced Tuesday (December 11) that it is teaming up with CLEAR to create Hertz Fast Lane powered by CLEAR, a new service that relies on biometrics to speed up the car rental process. Get the...

Europe
Macron, French Banks Agree Not To Raise Bank Fees
December 12, 2018

France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that have recently hit central Paris. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Security & Fraud
New Android Malware Can Steal Money From PayPal
December 12, 2018

An Android Trojan virus has been discovered that has the ability to steal money from PayPal. 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...

Regulation
Amid GDPR Probe, Mobike To Sell Europe Branch
December 12, 2018

Chinese bike-sharing company Mobike might be looking to spin off its European arm after it was revealed that it’s being investigated for possible breach of the European Union’s (EU’s) General Data Protection Regulation (GDPR). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Fintech Investments
What’s Behind Plaid’s $2.65B Valuation
December 12, 2018

One in every four consumers in the U.S. has touched this product. Some of them do so when they register their bank account credentials to their Venmo accounts, or set up an investment account with Robinhood, savings account with Acorns or loan repayment details with LendingClub....

Investments
Carvana Rival Vroom Raises $146M For Used Car Platform
December 12, 2018

Online auto retailer Vroom has announced a $146 million Series G funding round led by AutoNation. L Catterton, General Catalyst Partners, Fraser McCombs Capital and individual investors also participated in the round. Get the Full Story Complete the form to unlock this article and enjoy unlimited...