News

Retail
Groupon Grabbing Up LivingSocial
October 27, 2016

Two sites that were once competitors will now become one.  Groupon has agreed to acquire D.C. based daily deals site LivingSocial. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
nanoPay Raises $10 Million In Series A Funding Round
October 27, 2016

NanoPay, the Canadian payments company that owns the MintChip cloud-based digital currency, reportedly raised $10 million in a Series A 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...

Partnerships / Acquisitions
ID TECH And Worldnet Partner To Bring EMV Chip Card Acceptance To Cloud Merchants
October 27, 2016

ID TECH, the payment peripheral technology firm, announced Wednesday (Oct. 26) it is working with Worldnet, a leading provider of enterprise-grade omnichannel payment solutions, to provide EMV chip card acceptance to cloud-based merchants, unattended kiosk manufacturers, retailers and mobile merchants. Get the Full Story Complete...

Security & Fraud
Most Employees Lack Awareness To Stop Preventable Cyberattacks
October 27, 2016

MediaPro, a security training vendor, found in a new a survey that 88 percent of employees lack the awareness to stop preventable cyberincidents. What’s more, 16 percent of respondents scored low enough to warrant a “Risk” profile by exhibiting behaviors that put their organizations at...

B2B Payments
Small Biz Cash Management Struggles Across The Globe
October 27, 2016

Between the rise of blockchain technology, the market debuts of faster payments initiatives and the advancements in virtual card capabilities, small businesses have more choice and power when it comes to their payments needs. But B2B payment habits continue to stifle suppliers’ growth plans across...

Ridesharing
Can Tesla Out-Uber Uber?
October 27, 2016

Autonomous cars. Ride-hailing. Ride-hailing with autonomous cars. Can Tesla make a splash — and some money — by jumping into Uber's pool? Or is this the start of a race to the bottom, where already-tight margins get tighter (delighting consumers and possibly devastating investors)?

B2B Payments
U.S. Bank’s AP Tool Eases Virtual Payment Adoption
October 27, 2016

U.S. Bank’s latest offering for corporate treasurers aims to simplify the shift from manual to virtual B2B payments. 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...

B2B Payments
SEC, SME Alt-Lenders At Odds Over Proposed Rule
October 27, 2016

The Securities and Exchange Commission is considering new regulations that alternative lenders say would curb their ability to lend to small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
Appeal In McDonald’s Payroll Card Ruling Falls Flat
October 27, 2016

An appeals court has upheld a lower court’s ruling that found the owners of 16 McDonald’s restaurant locations in Pennsylvania in violation of state law through their use of payroll cards for employee compensation. Get the Full Story Complete the form to unlock this article and...