Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest results from China’s massive eCommerce spectacular, and eBay’s new bid to get inside consumers’ homes. SoftBank sets its mobile unit IPO, U.K. retailers could get...
The World Economic Forum (WEF) revealed that cybersecurity, changing energy prices and the ability for countries to provide proper governance were among the largest threats businesses faced this year. According to new research from the organization, based on interviews with more than 12,000 business executives...
Mitek Systems, the identity verification solutions company, announced Monday (November 5) that its board of directors have unanimously decided to reject an offer from ASG Technologies Group, which is a portfolio company of Elliott Associates and Elliott International. In a press release, Mitek Systems said...
Lyft cracked the Top 10 of most frequently expensed U.S. business costs for the first time, reaching number six. According to data from Certify, the most used vendor in Q3 of this year was Uber, which held 11 percent of all transactions. Coming in second...
Anthem, the health insurance company, has landed Udi Manber, the Google executive who ran engineering for its core search products, as its new head of artificial intelligence. CNBC, citing people familiar with the matter, reported Manber will be in charge of overseeing the artificial intelligence group...
Amazon is getting a leg up over Google when it comes to advertising, with CNBC reporting that some advertisers are moving more than half of their budget earmarked for Google to the eCommerce giant. Citing executives at multiple media agencies, CNBC reported that Google could...
Credit Karma announced on Tuesday (Oct. 2) that it was expanding in the insurance market, with members of the company in California and Texas able to shop for auto insurance. In a press release, the company said customers will be able to see what they...
Prudential has launched a direct-to-consumer hybrid advisory service that represents one of the most recent developments in the move away from paper and analog processes for that industry. LINK by Prudential is designed as a “personalized experience that learns about what’s important to you and...
To enhance liquidity, ATM servicer and software provider Diebold Nixdorf has secured a $650 million capital commitment from two institutional lenders and started a process to amend its existing credit agreement. The funds will be used to acquire remaining shares of Diebold Nixdorf AG and repay debt, among...
