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JPMorgan has a plan to help Amazon and Airbnb look more like banks

Bank Innovation

has long feared that technology giants will act more and more like banks. The bank has spent the last year developing an e-wallet tailored for companies such as Airbnb, Lyft Inc. JPMorgan Chase & Co. The firm’s surprising solution: help them do it. and Amazon.com Inc.

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The Airbnb Of Restaurants Is … Airbnb

PYMNTS

Even those who swear by Airbnb when booking travel accommodations can only use the retail platform so often. So, how can Airbnb reach its most dedicated travelers when they aren’t traveling? Airbnb aims to help users discover those local gems whether they are exploring a new city or their own backyard.

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Airbnb Seeks To Be Ready For IPO In 2019

PYMNTS

As Airbnb builds up a larger profile in the travel space, the home share marketplace is eyeing an initial public offering (IPO). At the same time, Airbnb has also created a bonus program to offer employees cash bonuses in 2018 and 2019. In addition, the company has reportedly gotten rid of a one-year equity grant vesting cliff.

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Lyric Raises $160M In Funding Led By Airbnb

PYMNTS

In a press release Tuesday (April 17), Lyric said the Series B round of funding was led by Airbnb and included new investors Tishman Speyer, RXR Realty, Obvious Ventures, SineWave, Dick Costolo and Adam Bain. Lyric said the financing will let it expand its operations and continue to invest in its technology and data platform.

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Today In Payments: Airbnb Suffers Record Losses In Q2; DoorDash Could Face Injunction Over Gig Worker Status

PYMNTS

In today’s top news, Airbnb reports record losses in the second quarter, and DoorDash could be the next gig platform to be forced to reclassify its workers. Airbnb Suffers Record Losses in Q2, IPO Still Planned. Airbnb Inc. Plus, Square’s Cash App will now offer small, short-term loans.

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Airbnb: How To Win The $1.4T Battle For Millennials

PYMNTS

In the latest edition of the Commerce Connected Playbook , PYMNTS analyzes how the travel and hospitality industries are changing to accommodate more sophisticated payment technologies, aimed at enticing digital-savvy travelers. Visit the Playbook’s feature story to find out how Airbnb is prioritizing payments for millennial loyalty.

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Airbnb Hosting Site GuestReady Acquires Rival BnbLord

PYMNTS

GuestReady , a startup that helps hosts on Airbnb and other similar sites, has acquired a fourth rival in a continuing push for market prominence, according to a report. The company acquired French competitor BnbLord , a similar startup that claims to be the biggest Airbnb host-assistance platform in France and also Portugal.