News

Investments
ThetaRay Notches $30M In Funding
July 04, 2018

Cybersecurity firm ThetaRay has notched more than $30 million in a funding round, bringing its total fundraising to over $60 million. The company counts Bank Hapoalim, Jerusalem Venture Partners, General Electric, OurCrowd and SVB as investors, Reuters reported. Get the Full Story Complete the form...

Payments Innovation
Airbnb Tests New Early Payout Feature
July 04, 2018

With a new experimental feature, Airbnb hosts will be able to get a partial payment soon after a guest makes a booking. But as of now, Airbnb is only testing the feature and it is not permanent, according to reports. Get the Full Story Complete...

Investments
Cybersecurity Stocks Still Benefit From Equifax Scandal
July 04, 2018

Following the massive data breach at Equifax last year, the cybersecurity sector has flourished – and so have some of the investments that track the industry. The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. Get the Full...

Faster Payments
Reflecting On The UK’s Decade Of Faster Payments — And Fraud
July 04, 2018

From enabling new messaging capabilities in the U.S. to cross-border push payments for expats in Kuwait and Zimbabwe, access to faster payments tools is rapidly accelerating. Still, gaps remain, says John Hutton, director of payments for Nationwide Building Society. In the latest Faster Payments Tracker,...

Investments
PaySend Raises $20M In Venture Funding To Fuel Expansion
July 04, 2018

PaySend, the global payments company, announced on Tuesday (July 3) that it closed a $20 million funding round. 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...

Payment Methods
Integrated Payments, With Regulation In Mind
July 04, 2018

To paraphrase an old maxim: There is nothing new under the sun. 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...

Payment Methods
Firecracker Research Informs Payments Decision Makers
July 04, 2018

Languid hot holiday day? Day off from work? Time to get thinking -- about payments, financial services and innovation, and getting a leg up on the competition. This Independence Day, we bring you a day of independent thought, with research (or tracking of trackers, if you...

Partnerships / Acquisitions
PayPal Closes On Its Deal With Synchrony
July 03, 2018

PayPal announced Tuesday (July 3) the closing of  its deal with Synchrony, in which it acquired $7.6 billion in receivables from PayPal. In a press release, PayPal said the receivables include PayPal’s U.S. consumer credit receivables portfolio, which totaled $6.8 billion at the time of...

Government Panel Proposes Asset Firm For Bad Loans In India
July 03, 2018

Amid efforts to clean up the banking industry in India, a government panel has floated the idea of creating an asset management company (AMC) that would focus on resolving bad loans that are over $73 million. The panel, which is comprised of bankers, was formed after...