The Seoul city government announced in a statement on Monday that it plans to ban car-hailing app Uber Technologies, Inc. Following the decision, Uber said in a statement that the city “is in danger of remaining trapped in the past and getting left behind by...
The United Nations announced this week that it spent $16.1 billion in 2013 on goods and services, 60 percent of which was sourced from developing countries and nations with transitional economies. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
NakedWines, the company that brought crowdsourcing to wine by collecting money from customers, is using that money to fund independent winemakers and then grant exclusive access to the product for those initial investors (called, Angels). The service required members keep $40 in their NakedWine account per...
Sure, the “big name” darlings in the industry are getting their share of funding but other startups, not so much of late. Are investors simply growing tired of the market and are looking to take their money elsewhere? Or is there a more plausible reason...
Many U.S. adults find using mobile wallets a convenient alternative to pay for things. But Nielsen says that since only about 40 percent of consumers use mobile payments of any kind, the big challenge is getting the other 60 percent on board. What will get...
Dealflicks, a company that prides itself on being the “Priceline for movie tickets,” announced this week that it had raised $1.7 million in seed funding. Investors in this round included 500 Startups, Siemer Ventures, Archer Gray and Rubicon VC. Get the Full Story Complete the...
This week Verizon Wireless will be the first nationwide cell phone carrier to launch a loyalty program for its 100-million-plus subscribers. A loyalty program with one small catch: to earn points within the program for dollars spent, subscribers must agree to have their movements tracked....
The U.S.-based computer technology company Dell partnered with Coinbase to enable accepting Bitcoin as a payment method option for online purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
An acquisition and an auction drove the bulk of investment activity last week. Of the venture back moves, alternative lending and electronification of documents paved the way. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
