Category: Business

Five At Five: Alibaba Makes Cross-Border Payments Play

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest payments/FinTech news from Alibaba, along with developments in a big payday lending scam. A new holiday fraud warning is out, Amazon goes upscale in NYC and India readies for biometrics. Alibaba Signs Up With Banking […]

Cargo Raises $22M In Funding Led By Founders Fund

Cargo, the startup that provides in-car commerce for the rideshare economy, announced on Thursday (Sept. 27) that it has raised $22 million in venture funding. In a press release, Cargo said the $22 million in Series A venture financing was led by Founders Fund. Other investors who participated in the round include Coatue Management and Aquiline Technology […]

The Gig Economy Is Growing Up — And Getting Less Lucrative

It’s probably getting to the point that everyone who doesn’t have gig work — offering ride shares via personal vehicles, for instance, or doing other freelance jobs found via digital marketplaces — probably knows someone who does. After all, according to the PYMNTS/HyperWallet Gig Economy Index, 35 percent of today’s workforce participates in what we now call […]

FTC, DOJ Mailing 1.2M Refund Checks To Consumers Hurt By Payday Lending Scam

The Federal Trade Commission (FTC), working in conjunction with the U.S. Department of Justice, announced on Thursday (Sept. 27) that it is mailing 1,179,803 refund checks totaling more than $505 million to people who were deceived by a payday lending scheme operated by AMG Services, Inc. and Scott A. Tucker. In a press release, the […]

ANZ Rolls Out Google Pay Wallet; Klarna Links Up With OXID eSales

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Australia’s ANZ Google Pay wallet. In addition, the National Bank of Oman (NBO) is teaming up with Oman National Engineering & Investment Company (ONEIC) for real-time payments, while Klarna and OXID eSales are working together to bring expanded payment methods to more […]

Amazon Prime Video Launches NFL Pre-Game With Hannah Storm, Andrea Kremer

Amazon Prime Video announced this week the launch of a new NFL pre-game show on Thursdays, hosted by Hannah Storm and Andrea Kremer, two female sports journalists. In a press release issued earlier this week, Amazon Prime Video said the two will provide commentary and analysis for its live streaming coverage of Thursday Night Football […]

Why Scratch Says Loan Servicing Needs A Ground-Up Rebuild

If the world were a more logical place, said Chris Walters, CTO and co-founder of Scratch, it would always be easy for a borrower to pay their debts as quickly and easily as possible. Everyone’s goals would be aligned, ensuring that funds are repaid on time and with minimal investment of time or energy. But, Walters […]

Look-alike Domains Emerge As Bigger Holiday Fraud Threat

Look-alike domains are increasingly finding favor with criminals eager to rip off online shoppers, according to a new report from Venafi, a cybersecurity firm. Its research found that the “total number of certificates for look-alike domains is more than 200 percent greater than the number of authentic retail domains.” To drive home the danger and […]

Door Opens For Opendoor’s $400M SoftBank Funding

In fundraising news on Thursday (Sept. 27), Opendoor, the home selling startup, said that it has raised $400 million from SoftBank’s Vision Fund. As VentureBeat noted, the latest announcement comes on the heels of a $325 million fundraising round seen three months ago, that time as a Series E. The cumulative tally raised to date […]

Shoclef And Making Stylists The Star Of The Retail Show

There is no shortage of app and eCommerce platforms out there looking to match up consumers with personal shoppers. As a well-established part of high-end luxury retail experiences, the digital migration of personal shopping makes sense in the current retail context. Consumers shop online more often, since they are shopping digitally more often – but more […]