News

Ridesharing
Lyft Plans to Buy a Bike-Sharing Company
June 04, 2018

Lyft will buy the bike-sharing company Motivate, according to report in The Information. The potential deal follows a similar move by Uber in April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
June 04, 2018

Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya, AIG received a surge of cyber claims in 2017: The insurer saw as many claims notifications as the previous four years combined, RT reported. Get the Full Story Complete the form to unlock this article...

International
European Banks UniCredit And SocGen Plan Merger
June 04, 2018

Italy’s UniCredit and French rival Société Générale are planning to merge, which could lead to other big banking mergers throughout Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Fintech Investments
White Star Capital Pulls In $180M For ‘Transatlantic’ FinTechs
June 04, 2018

Global venture capital firm White Star Capital has pulled in a second fund of $180 million. 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...

B2B Payments
US Workers Want Self-Service Tools From Employers
June 04, 2018

Employees want to be able to complete HR-related tasks on their own, a new survey from Paychex has shown: Almost three quarters — or 73 percent of full-time U.S. workers — want employee self-service tools from their employers, CPA Practice Advisor reported. Get the Full...

B2B Payments
Salesforce’s Revenues Grow To $3B
June 04, 2018

As Salesforce continues to increase its share of the customer relationship management (CRM) market, the company reported its revenues grew by 25 percent year over year to $3 billion in its first fiscal quarter of 2019. In addition, the company’s unearned revenue also grew by...

Investments
Machine Learning Healthcare Startups Get $10M In Seed Funding
June 04, 2018

Bessemer Venture Partners is launching a $10 million early-stage seed program to back new startups in the healthcare industry. 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...

Banking
Commonwealth Bank Of Australia Faces Record Fines
June 04, 2018

The Commonwealth Bank of Australia (CBA) has formally agreed to a record fine of A$700 million ($529.3 million) in the hopes of bringing to an end the money laundering scandal that it has found itself wrapped up in. The fine marks the largest ever handed out...

Faster Payments
Ingo Money And Prelude Software Pair Up To Kill The Insurance Check
June 04, 2018

When Prelude Software was getting its start 30 years ago, fixing payments for insurance carriers meant solving for what EVP Bill Clausen called a “benign but important request,” which was finding a way to switch from pre-printed check stock to blank check stock. Get the...