News

Partnerships / Acquisitions
Arm Acquires Steam Technologies As More IoT Devices Get Connected
June 13, 2018

Arm, the semiconductor company, announced on Tuesday (June 12) that it is acquiring Stream Technologies to enable connectivity management of every device, regardless of its location or the network to which it is connected. Get the Full Story Complete the form to unlock this article...

Delivery
Deliveroo To Enable Restaurants To Use Own Riders For Delivery
June 13, 2018

Deliveroo, the U.K. delivery service locked in a cutthroat battle with rival Just Eat, will let restaurants use their riders for orders that are placed through its food app. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

IPO
Adyen Lands $8.36B Valuation Pre-IPO
June 13, 2018

Dutch payment processing firm Adyen raised 947 million euros ($1.1 billion) for its investors in the biggest technology IPO in Europe so far this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Europe
Why An Insurance Startup Is Targeting Foreign Drivers In The UK
June 12, 2018

A startup in the United Kingdom called Marshmallow has raised $1.2 million in seed funding as it tries to use digital technology to lower auto insurance costs for foreign-born drivers there. The new capital comes amid a wider push in Europe to bring more standardization...

Mobile Commerce
Instagram Expands Shopping To Instagram Stories
June 12, 2018

Instagram, the Facebook-owned photo-sharing social network, announced Tuesday (June 12) that it is expanding shopping beyond Feed to Instagram Stories. 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...

News
Five At Five: Home Depot Wants Speedier Deliveries
June 12, 2018

Welcome to Five at Five, your late look at the payments and commerce news you might have missed. Today, you can read about the latest retail investment — and it’s a big one — in distribution, along with Walmart’s move into podcasting. Arm is buying a...

Digital Banking
Retail Banking’s Use Of Tech Improves Margins, Customer Services
June 12, 2018

For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. The converse is also true, of course, as inefficiencies can paint bottom lines a stark shade of red. Get the Full Story Complete the...

Security & Fraud
Entersekt Opens New North America Headquarters As Business Grows
June 12, 2018

Entersekt, the push-based authentication and app security company, announced Tuesday (June 12) that it has opened a new office in Atlanta, Georgia, aimed at supporting the company’s growth and serving as the headquarters in North America. Get the Full Story Complete the form to unlock...

Artificial Intelligence
Bank Of America’s AI Assistant Surpasses 1M Users
June 12, 2018

Bank of America announced Tuesday (June 12) that Erica, its AI voice-activated virtual financial assistant that is available through its mobile banking app, has surpassed one million users. In a press release, Bank of America said the milestone was achieved within two months of completing...