Number26, an alternative finance mobile banking app, which allows its users to track and control spending with its interactive interface, is introducing old-school overdraft protection to its otherwise modern banking solution. The two-year-old, Berlin-based company, which works in partnership with MasterCard, works by providing its users...
The expression “crime doesn’t pay” was originally used in 1927 by the FBI as a motto. That, however, is not why most of us know it today. The reason most Americans know the phrase is because it was also adopted by comic book crime fighter...
With the tragic events in Paris this weekend, all news-watching eyes have rightfully been glued to that story and the details as they emerge. The team at PYMNTS joins with the rest of the world in sending our thoughts and prayers to the citizens in...
After a few weeks of relative quiet after its latest earnings report, Apple found itself back in headlines this week — for happy, not so happy and surprising reasons. Worries about Apple’s future started the week, particularly about its signature (and centrally important) iPhone line that saw...
Americans are often portrayed as a fairly litigious group of people – so much so that the term “lawsuit millionaire” is pretty well-established. Most prominently featured in comedy movies, the “lawsuit millionaire” is typically portrayed as an essentially likable oaf that literally bumbled his way...
The consumer lending startup space, also known as alternative lending, is heating up — and another newcomer in the space has secured some big backing from a big VC name. Bread, a New York-based startup, has secured a $14.3 million Series A funding round, which was...
According to official Anjan Mukherjee, the U.S. Treasury Department is in the early phases of an analysis of the online lending industry, sometimes called alt-lending. This follows a July 2015 request for information, which has yielded hundreds of responses, according to Mukherjee. “Just because we...
The CFPB found itself in the middle of another brouhaha last week, this time over allegations by a government watchdog group that congressmen who’ve tried to scale back its hold over payday lending must have been paid bribes by payday lenders. Their rationale is that...
After some months of questions surrounding Lending Club’s future on the public markets and what it might mean for other high-profile startups as they enter the IPO orbit, the alternative lending powerhouse has delivered a surprisingly profitable performance in Q3. Lending Club clocked $950,000 in...