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Headline News from PaymentsNews.com – March 31, 2016

Headline News from PaymentsNews.com – March 31, 2016

ON THE WEB Inside the $5 Billion Company That Will Launch Your Business – Inc. (Maria Aspan) – “Since 2010, Collison and his older brother, Stripe co-founder and CEO Patrick Collison, have spent almost every waking moment making it as fast and easy as possible to handle other people’s money online.” What Starbucks Can [...]

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Exclusive: Uber will use Progressive Insurance to cover Texas drivers

Exclusive: Uber will use Progressive Insurance to cover Texas drivers

Uber Technologies Inc [UBER.UL] will use Progressive Insurance to provide coverage for drivers in Texas beginning on Friday, in a pilot that could lead the ride-hailing market leader to diversify its U.S. insurance purchasing from its current sole provider, Uber and Progressive executives told Reuters. Uber has been purchasing insurance to cover drivers for its [...]

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Where’s the lane? Self-driving cars confused by shabby U.S. roadways

Where’s the lane? Self-driving cars confused by shabby U.S. roadways

LOS ANGELES Volvo’s North American CEO, Lex Kerssemakers, lost his cool as the automaker’s semi-autonomous prototype sporadically refused to drive itself during a press event at the Los Angeles Auto Show. “It can’t find the lane markings!” Kerssemakers griped to Mayor Eric Garcetti, who was at the wheel. “You need to paint the bloody roads [...]

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