ACH Network Moves 7.5B Payments Led by Same-Day Growth
ACH Network Moves 7.5B Payments Led by Same-Day Growth
August 02, 2022  |  Digital Payments

The national Automated Clearing House (ACH) network for electronic funds transfers moved 7.5 billion payments totaling $19.6 trillion in the second quarter of this year,...

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GrubMarket Enters Financial Services With IOT Pay Acquisition
GrubMarket Enters Financial Services With IOT Pay Acquisition
August 02, 2022  |  Acquisitions

GrubMarket has acquired Vancouver-based FinTech IOT Pay, according to a Tuesday (Aug. 2) press release. The acquisition will allow the company to use IOT Pay’s technology...

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Robinhood Crypto Unit Faces $30M Fine for AML, Cybersecurity Violations
Robinhood Crypto Unit Faces $30M Fine for AML, Cybersecurity Violations
August 02, 2022  |  Regulation

The New York State Department of Financial Services (NYDFS) has fined the cryptocurrency trading unit of online brokerage Robinhood $30 million for alleged violations of...

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Amex Launches Global Pay for Cross-Border Payments
Amex Launches Global Pay for Cross-Border Payments
August 02, 2022  |  Cross-border Payments

American Express has launched Global Pay, a digital solution the company said will let U.S. businesses make secure domestic and international B2B payments. Get the...

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Savana Raises $45M to Drive Digital Capabilities for Banks, FinTechs
Savana Raises $45M to Drive Digital Capabilities for Banks, FinTechs
August 02, 2022  |  Investments

Savana, a financial software startup for banks and FinTechs, has raised $45 million in Series A funding round, according to a Tuesday (Aug. 2) press...

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Coinshift Partners With Crypto Crowdfunder EarthFund
Coinshift Partners With Crypto Crowdfunder EarthFund
August 02, 2022  |  Partnerships

Crypto treasury management and infrastructure platform Coinshift announced Tuesday (Aug. 2) that it has formed a partnership with decentralized crowdfunding platform EarthFund. Get the Full...

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Grocers, Meal Kit Makers Step Up as Frugal Consumers Battle Inflation
Grocers, Meal Kit Makers Step Up as Frugal Consumers Battle Inflation
August 02, 2022  |  Economy

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Simon Property Q2 Results Show Consumers, Retailers Still Love Going to the Mall
Simon Property Q2 Results Show Consumers, Retailers Still Love Going to the Mall
August 02, 2022  |  Retail

With a portfolio of more than 230 properties spread across 37 states and three continents, Indianapolis-based Simon Property Group’s purview of — and exposure to...

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Matson Sees Shipping Pick up Steam as Chinese Factories Restart
Matson Sees Shipping Pick up Steam as Chinese Factories Restart
August 02, 2022  |  Earnings

A pickup in manufacturing activity in China has increased the demand for ocean transportation, Matson reported during its quarterly earnings call. Get the Full Story...

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