News

News
Better Mortgage To Offer Samsung Rewards
October 20, 2017

Better Mortgage, a digital mortgage company aiming to improve access to home financing, announced Thursday (Oct. 19) that it is among the first third parties to use Samsung Rewards’ new API. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
Stitch Fix Eyes IPO With Almost $1B In Sales
October 20, 2017

Stitch Fix has officially filed for an initial public offering, revealing that it earned nearly $1 billion in annual sales. 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
Symantec: 25 Percent Of FI-Connected Devices Vulnerable To Attack
October 20, 2017

According to security software company Symantec’s “Q2 Mobile Threat Intelligence Report: Mobility and Finance,” 25 percent of the mobile devices used by employees of financial service companies have unpatched security vulnerabilities. Furthermore, the report found 15 percent of these mobile devices have been connected to...

Mobile Commerce
Facebook Tests APIs For In-App Purchases
October 20, 2017

Facebook is making changes to the way third parties can monetize their use of the platform, TechCrunch reported. The company is rolling out in-app purchases and advertisements in games developed for their Messenger app, and also implementing paywalls for publications using the site’s Instant Articles...

Digital Banking
PayKey Launches Smart Mobile Payments Keyboard
October 20, 2017

Mobile banking startup PayKey, which offers a smartphone keyboard designed for millennial banking customers, has raised $10 million in Series B funding, bringing its total raised to $16 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Hiya Grabs $18M To Make Caller ID Technology Smarter
October 20, 2017

Hiya, which was spun out by Whitepages a year ago, announced its first outside funding: a Series A of $18 million led by Balderton Capital, with participation from Nautilus Venture Partners and Lumia Capital. Get the Full Story Complete the form to unlock this article...

Ridesharing
Lyft Raises $1B Led By Google
October 20, 2017

Ride-hailing platform Lyft, a competitor to Uber, announced Thursday (Oct. 19) that CapitalG, Alphabet’s growth investment fund, was the lead investor in a $1 billion round of financing. In a company blog post announcing the funding, Lyft said its valuation will be $11 billion following the investment. Get the Full...

Security & Fraud
Transaction Monitoring: Bracing For The Aftermath Of The Equifax Breach
October 20, 2017

Fraudsters’ methods are always changing. That means, try as they might, banks and financial institutions will never be able to keep all of them at bay. However, Dan McKenzie, Fiserv’s North America director of business development, says keeping fraudsters out isn’t the most important part...

Investments
Tony Fadell Launches Firm To Invest In Future Device Tech
October 20, 2017

Investor, entrepreneur and former Apple exec Tony Fadell has unveiled his latest investment: a new investment and advisory firm called Future Shape that’s working with engineers and scientists. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...