The Securities and Exchange Commission has charged ex-Capital One analysts Bonan and Nan Huang with insider trading after it was found that they were using the company’s consumer database to predict stock prices from retail sales data, according to a formal litigation release from Jan 22. Get...
Responding to company reports that contactless and digital payments have grown in 2014, especially in Europe, Visa Europe on Jan. 29 formally announced a plan to invest an additional 200 million euro into developing its digital payment technology, which had been suggested as early as...
Initially started as a micro-finance startup with the goal of developing algorithms that can determine creditworthiness of borrowers with no bank information, Filipino company Lenddo will now ditch its lending arm in place of selling its algorithmic services to companies inside and outside of the...
Scottish startup Money Dashboard has raised another $3.7 million in funding for its a personal finance app, according to TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
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Digit, a financial startup that helps users save by taking money out of their checking accounts when they’re not looking, has pulled in $2.5 million in seed funding, TechCrunch reported on Tuesday (Dec. 16). Get the Full Story Complete the form to unlock this article...
U.S. credit card holders are paying their bills at the best rate in three decades. According to the quarterly credit card debt study from CardHub, the credit card charge-off rate is now at 2.89 percent — the lowest point since 1985. Get the Full Story...
UK peer-to-peer lender Zopa will use AU10TIX, a fully owned subsidiary of ICTS International N.V., to protect its lenders against fraud, verifying borrowers by checking government-issued identifications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As merchants push to be the top online retailer leading into the holiday shopping rush, November’s Chain Store Guide Consumer Spending Report shows a majority of consumers won’t be shopping online or using their mobile device to make purchases this holiday season. Get the Full Story Complete the...
