News

Ridesharing
Ridesharing Startup Grab Aiming To Raise More Than $1B From Funding Round
June 16, 2017

Grab, the ridesharing startup in Singapore similar to Uber in the U.S., may raise more than $1 billion investment from strategic investors in a venture capital funding round including Alibaba and SoftBank. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Security & Fraud
A Spam Botnet Is Being Used To Promote Adult Dating Sites
June 16, 2017

A spam botnet that has been used for promoting adult dating sites is being researched by cybersecurity website KrebsOnSecurity.com but has hit a firewall and published its research to find out if other researchers are studying it. Get the Full Story Complete the form to...

Security & Fraud
FTC Announces NetSpend Is Refunding Customers As Part Of A Settlement
June 16, 2017

The Federal Trade Commission announced Thursday (June 15) that NetSpend, the operator of a debit card, is providing refunds to settle charges that people couldn’t access their money in their NetSpend accounts. Get the Full Story Complete the form to unlock this article and enjoy...

Ridesharing
Careem Raised $150M As Part Of A $500M Venture Capital Funding Round
June 16, 2017

Careem, a transportation startup that is in 80 cities across the Middle East, has reportedly raised $150 million, closing a Series E venture capital funding round with $500 million raised. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
Uber Under Investigaton By FTC
June 16, 2017

It never rains but it pours. Such is life over at ridesharing firm Uber these days, which can now add to the list of its recent woes news of an FTC investigation for alleged privacy violations by the recently under siege carsharing company. Get the Full...

Investments
Fresh Funding In Hand, Danal Expanding Mobile Identity Presence
June 16, 2017

If financial backing is a vote of confidence in a firm’s strategic vision, Danal, the mobile identity and authentication company, has gotten two thumbs up. Danal announced Friday that it received investments via strategic funding from mobile operator Orange and Bangkok Bank. Get the Full Story...

Partnerships / Acquisitions
Spotify Adds Eventbrite Ticketing
June 16, 2017

Eventbrite has announced that it will now show information about concerts and music festivals on the music streaming service Spotify, with the hopes that it will boost ticketing sales. The move comes less than a week after Eventbrite acquired Ticketfly from Pandora for $200 million. Get the Full...

Bitcoin
Bitcoin’s Soaring Value Short Lived
June 16, 2017

Bitcoin has had its ups and downs this year. 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 our daily newsletter, PYMNTS Today. By completing this form,...

Delivery
Uber’s Trucking Aspirations Are Not Taking Off As Hoped
June 16, 2017

Uber Technologies has more than a cultural problem on its hands; its efforts to expand into trucking isn’t doing so hot. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...