News

Security & Fraud
The 2018 Bling Ring’s Commerce Challenge
October 06, 2018

Reboots have officially jumped the shark. 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, PYMNTS Today. By completing this form, you agree to...

News
Five At Five: Square’s New Payments Program
October 05, 2018

Welcome to Five at Five,  your late look the day’s payments and commerce news. Today’s coverage includes a look at Square’s newest merchant offering, along with SoftBank’s newest potential investment in ride sharing. U.S. regulators are leaders on penalties, a scooter-sharing firm expands and AMC...

Regulation
US Regulators Lead Pack In Penalties On Firms And Individuals
October 05, 2018

In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the list. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Brex Seals $125M Round For Unicorn Valuation
October 05, 2018

Business credit card startup Brex has confirmed earlier reports of its pursuit of unicorn status. A press release issued Friday (October 5) said Brex closed a $125 million Series C funding round, valuing the company at $1.1 billion just a little over three months after...

Investments
Snap Shares Fall Following CEO Evan Spiegel’s Memo
October 05, 2018

Following news that Snap Chief Executive Evan Spiegel unveiled new strategic goals and acknowledged shortcomings with a recent design of its app in a memo, the social media company’s shares fell by 0.7 percent on Friday (October 5). The most recent decline comes as the...

Delivery
San Francisco Surveys On-Demand Delivery Couriers
October 05, 2018

To learn more about the workers who deliver items such as food and groceries through startups, the San Francisco Municipal Transportation Agency (SFMTA) is launching a survey. The poll seeks to find out how many couriers enter the city each day, what time they make...

Investments
Siilo Notches €4.5 Million For Medical Messaging App
October 05, 2018

To help get its messaging service before more doctors, a messaging app geared toward medical professionals has notched €4.5 million in funding. The service, which is called Siilo, lets this audience collaborate on patient care through a messaging app that is encrypted, according to reports....

Partnerships / Acquisitions
ShopRunner Buys Fashion Marketplace
October 05, 2018

Two-day shipping platform ShopRunner is reportedly planning to acquire Spring, an eCommerce startup that runs an online department store. Terms of such a deal are not yet clear, and both companies declined to comment on the news, Recode reported. Spring’s online store carries fashion items...

Retail
Revolve Rides The Power Of Influencers All The Way To An IPO
October 05, 2018

For many shoppers, Revolve is not quite a household name as of yet. The brand largely focuses on (and sells to) younger shoppers — particularly millennials and Gen Z. But among that rather critical shopper demographic, Revolve has found a powerful sweet spot, especially for...