The ride-hailing giant Uber Technologies has given investors and observers a glimpse under the hood of sorts. Bloomberg News reports that the technology upstart has pointed to its top and bottom lines as evidence that revenue growth is overshadowing the red ink that is accumulating. Get the...
For decades, the American Express credit card signaled affluence, success and something to aspire to. But a funny thing happened along the way: Millennials started shunning the flashy, snobby impression associated with the Amex card, favoring the less assuming Chase Sapphire Reserve card. That preference...
Square, the payment company founded by Jack Dorsey, is expanding its Square Cash service into more bank-like services. 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...
American spies have reportedly infiltrated the Middle East’s financial network and comprised the Dubai office of EastNets, a anti-money laundering and financial services company, reported the AP, citing documents stolen from the U.S. National Security Agency (NSA). Get the Full Story Complete the form to unlock...
Hotels have apparently had enough of Airbnb taking their business and are ready to strike back to protect their turf — including pushing a federal investigation into whether home-sharing apps like Airbnb are running up housing prices and the New York bill that limits how...
The bidding war — as has been widely predicted — may well be on for MoneyGram. According to reports out this morning, Ant Financial has raised its bid on MoneyGram International by over a third to $18 per share in cash, valuing MoneyGram at around $1.2...
NACHA, the Electronics Payments Association, announced late last week that ACH overall transaction volume in 2016 reached 25.6 billion. 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...
Argus Cyber Security, the Israeli cybersecurity company, said late last week that it was able to hack into a vehicle’s internal communication system using a device installed in cars by insurance companies to track driving patterns, or for car owners who want in-vehicle Wi-Fi. Get the...
Multiple sources in the financial industry have found a pattern of fraud on customer cards, with the latest victim of a breach looking to be Shoney’s, a 70-year-old restaurant chain that operates primarily in the southern United States. Get the Full Story Complete the form to...
