News

Choosing The Direct Connection For Faster Payments Access
September 07, 2018

For FIs, offering faster payments can be a game changer. However, enabling them isn’t always simple — FIs must choose whether to build a direct, expensive, labor-intensive connection to faster payment schemes or partner with, and become reliant on, a connected FI to gain access....

Global Payments
Yoco Notches $16M In Series B Funding; Volopa Taps Onfido For AI Technology
September 06, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Yoco’s $16 million Series B funding round. In addition, China’s Beijing Inspiry Technology is deploying a mobile payments in Japan, and Volopa has chosen Onfido to help verify applicants’ identities when...

Ridesharing
Uber Launching Taxi-Hailing Service In Nagoya
September 06, 2018

Uber Technologies, the ride-hailing startup, announced on Thursday (Sept. 6) that it is launching a taxi-hailing app in Nagoya as it aims to expand in a country where its services aren’t in operation. Get the Full Story Complete the form to unlock this article and...

Investments
Money Transfer Co Monese Raises $60M For Global Expansion
September 06, 2018

Monese, the U.K. bank challenger, announced on Wednesday (Sept. 6) that it has secured $60 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 additional logins required. yesSubscribe...

Security & Fraud
DOJ Probes Wells’ Wholesale Banking Ops
September 06, 2018

Add another investigation to the roster of headlines swirling around Wells Fargo. 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...

Retail
How J.Crew Is Dipping Into Amazon’s Waters
September 06, 2018

Big brands have a complicated relationship with Amazon: The eCommerce retailer serves both as a potential competitor and as a retail partner that could open up new sales channels. Among others, J.Crew has joined the likes of Nike and Party City to become the latest...

Retail
Nuro’s New Idea For Autonomous Delivery
September 06, 2018

Founded by two ex-Googlers, autonomous transportation firm Nuro has driven a road less traveled when figuring out how to properly create a vehicle that drives itself. For starters, Nuro isn’t built for passengers – its focus is on deliveries. And deliveries of a special kind:...

Retail
Farmer’s Fridge Plans Expansion After Raising $30 Million
September 06, 2018

After raising $30 million in a Series C funding round, Farmer’s Fridge has its eyes on doubling its operation in 2019. The startup, which is based in Chicago, offers salads and other meals through vending machines, the Chicago Tribune reported. Get the Full Story Complete the form to...

Retail
How Mobile Ordering Apps Are Moving Beyond Takeout And Delivery
September 06, 2018

Restaurants face a dilemma when it comes to mobile ordering: There are plenty of apps to serve takeout or delivery orders, but what about orders placed for dining in-house? Eat Again, among others, seeks to provide restaurants with an alternative platform for ordering and payments geared...