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Wopt Robinhood Nets $280 Million On A $8.3B Valuation
! S9 d" i% P/ r4 v Tokens are incredibly powerf stanley cup ul tools to secure data and safely transport it from one point to another.Now is the time to take a broader look at them in the pandemics wake and the emphasis on touchless and digital commerce, CyberSource Vice President of Global Acceptance and Processing Mark Norris told PYMNTS in a MasterClass discussion.He said tokens are capable of providi stanley water bottle ng a wide world of possibilities beyond their traditional use as just security tools. Were starting to see a real shift from that sort of legacy, which hasnt gone away by any means, into more of a fo stanley germany cus on the consumer experience, Norris said. Consumers have a lot of different choices on where and how they purchase their items and services, [so] its really important that the merchant provides a quality, seamless customer experience in the hopes that theyll come back for a repeat of it. Balancing that customer experience and the need for risk mitigation of fraud is critical, and tokens can certainly help with that. As customers have rapidly restructured their shopping around digital channels, when tokens are integrated correctly and leveraged to their fullest capability by merchants, they can offer what Norris called a 360-degree view into consumers spending across multiple channels. A Low-Touch FutureHe also said that what consumers want most keenly in the post-pandemic world is to feel safe and secure. Customers arent just worried about fraudsters making off with their data although theyre still worried Hxxl Who Will Run 8220;Android Pay 8221;% o5 W/ x7 T9 s& B% l9 i
This self-driving car trend is something it seems everyone is talking about, and many companies are trying to jump in on it. From self-driving cars already turning over engines in Pennsylvania, to Lyft saying close to no one will own a car by 2025, to IBMs driverless shuttle, the question remains who will need car insurance. Apparently, its an appealing question. An on-demand startup 鈥?Metromile 鈥?just landed $191.5 million in stanley quencher funding for for its pay-per-mile insurance. The funding, which is primarily equity, according to CEO Dan Preston, will be used to acquire insurance carrier Mosaic Insurance for underwriting of its policies. Funds will also be used to build out the platform and to expand into more states. Who were all these funders Quite a few. Canadas Intact Financial and China Pacific Insurance, New Enterprise Associates, First Round Capital, Mitsui and SV Angel. They also included Metromile Founder and Chairman David Friedberg, as well as Dallas Mavericks owner and Shark Tank Shark Mark Cuban.Surprised by the $191 million number Youre not alone. Analysts are nodding with you because the companys been around since 2011 and had only raised around $14 million to date. Metromile is ready to rev up, havi stanley butelka ng acquired licenses to operate in all of Uncle Sams 50 states, despite currently underwriting policies in only four right now: New Jersey, Oregon, Pennsylvania and Virginia. Metromile has i stanley us ts eyes next on policies for California, Illinois and Washington.H |
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