Didi Chuxing Technology Co. is preparing for an initial public offering (IPO), Bloomberg reported on Friday (March 19), citing people familiar with the plans. An IPO for the Chinese ride-hailing giant could raise as much as $9 billion, making it one of the largest tech...
Today in B2B payments, more trouble for the trade finance space is brewing, plus Higo secures funding for its “Venmo for B2B payments” technology. Plus, AdvicePay launches mobile check deposit support for corporate clients, Project44 debuts a supplier visibility tool, and Firstmark Credit Union digitizes...
The insurance company Chubb Ltd. has offered a $23.2 billion cash and stock deal to acquire its rival Hartford Financial Services Group Ltd., Reuters reported on Thursday (March 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
At the end of 2020, as the then-new, more contagious strain of the coronavirus spread throughout the United Kingdom, the country went into another round of severe lockdowns, and many of these measures remained in place through the beginning of 2021. In this time, sales...
The nonprofit Nacha, which enables Automated Clearing House (ACH) payments, announced that the WEB Debit Account Validation Rule took effect on Friday (March 19), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Everyone has heard of the CIA, and even the U.K.’s MI6. But what about IC3? Or the RAT team? No, they’re not organizations that will be featured in an upcoming Marvel movie, they’re the very real divisions of the FBI, known as the Internet Crime...
Visa Inc. is facing a probe from the Justice Department concerning allegedly anticompetitive processes in the debit card industry, The Wall Street Journal reported, citing unnamed sources. The antitrust arm of the Justice Department has been collecting data and asked if Visa had restricted the ability...
In today’s top news, thredUP announced the launch of its IPO, and software firm Pollinate raised $50 million. Plus, Clubhouse creators will be able to monetize their audio sessions using a sponsorship marketplace. Get the Full Story Complete the form to unlock this article and...
Walmart relaxed requirements that mandated its marketplace merchants be registered domestically, Bloomberg reported, just weeks after the world’s biggest retailer said it would spend $350 billion on products manufactured, grown or assembled in the United States. Get the Full Story Complete the form to unlock...
