In an official press release, IDology, a fraud prevention and identity verification provider, announced a strategic equity investment in Payfone, a leading network authentication provider. IDology provides real-time technology solutions that verify an individual’s identity and age to help drive revenue, decrease costs, prevent fraud and meet compliance regulations. The...
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San Francisco-based payments startup Square Inc. has filed for an IPO with US regulators. Founded in 2009 by Jack Dorsey, CEO of Twitter Inc., Square Inc. offers financial services, credit card reading/swiping devices and technologies, and payments solutions to businesses and individuals. The company has not disclosed the number of...
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“If you play with firewalls, you will get burnt” is the message being sent to cross-border cybercriminals. The Dell SecureWorks Counter Threat Unit (CTU) research team collaborated with the UK National Crime Agency (NCA), the US Federal Bureau of Investigation (FBI) and the Shadowserver Foundation to take over the Dridex...
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U.S. and UK First to Benefit from Additional Choice in How to Pay for Business Travel Expenses Purchase, N.Y. [Press Release] – MasterCard announced it will provide tokenization services to commercial credit card issuers. Soon, corporations and business travelers will be able to load eligible corporate credit cards within participating mobile...
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Paytm, an India m-commerce company, has recently launched a QR code-based payment option on its wallet app to further enhance the consumer experience and drive digital payments acceptance. This option will allow grocery stores, auto rickshaws, taxi drivers and fast-food joints having a Paytm account to accept payments after scanning...
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A research study by Accenture and CB Insights stated the fact that global investment in FinTech ventures tripled to $12.21 billion in 2014 in one year. The emerging trends for FinTech include lending, money transfer, APIs, machine learning, blockchain, bitcoin, risk & security, biometrics authentication, payment processing and more. FinTech...
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The widely adopted Apple Pay is a controversial topic that has not been left aside whenever mobile payments solutions are discussed. Without a doubt, Apple Pay can be considered as a “game changer” that is pushing ahead contactless payments. However, there are different sides to the story depending on the...
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China’s third largest private equity firm, China Science & Merchants Investment Management Group (CSC), raised $400 million to invest in startups on AngelList, the world’s largest marketplace for startup investing and jobs. This $400 million may not look like a big amount for growth capital stages and VC firms, but...
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Kabbage Inc., the leading technology and data platform powering automated lending, has recently received $135 million in the series E funding round from Reverence Capital Partners as well as ING, Santander InnoVentures and Scotiabank. This brings the total amount raised to over $240 million. At the same time, Kabbage has...
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On October 12, Facebook announced that it was adding a shopping section among other sections on its social platform. As noticed by Facebook, people are coming to the platform not only to connect with friends and family but also with products and brands. In fact, a survey by Facebook suggested that...
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Prepaid product provides access to the U.S. stock market PLEASANTON, Calif. – [Press Release] – Blackhawk Network, Inc., a leading prepaid and payments network, and Stockpile, Inc., the company that pioneered eGift Cards for stock, announced today that Stockpile’s “Gift Cards for Stock” are available at select U.S. retailers. This prepaid gift card can...
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Machine learning is a type of artificial intelligence that provides computers with the ability to learn without being explicitly programmed. The science behind machine learning is interesting and application-oriented. Many startups have disrupted the FinTech ecosystem with machine learning as their key technology. There are various applications of machine learning...
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