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Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into Amazon, Flipkart On Hold

PYMNTS

In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Puerto Rico Falls Prey To $4M Online Fraud. JPMorgan To FinTechs: Sign Data Sharing Deals, Sources Say.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

And there are few fintech success stories bigger than 2008 alum, Credit Karma , which scored $175 million this week at a reported $3.5 Total investment into the fintech sector this week were $240 million flowing to 12 firms. So far this year, fintech has attracted $7.9 Puerto Rican marketplace lender. HQ: Puerto Rico.

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Hoyos Labs Unveils 4F Smartphone Authentication Technology

Fintech Labs Insights

Using facial, voice, and fingerprint technologies – such as 4F – Hoyos specializes in mobile biometric authentication solutions, seeking to move digital asset security beyond the world of passcodes, PINs, and tokens. Hoyos Labs joined the FIDO Alliance in March. The company demoed its technology at FinovateFall 2014.