Uber is considering upping its investment in a different kind of transportation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
To fuel the next era of the company’s growth, expense management platform Bento for Business has named Guido Schulz as its new CEO. The incoming executively will work closely with Founder Farhan Ahmad to “accelerate go-to-market efforts while supporting the company’s growing customer base,” according to an announcement. Get the...
In today’s top news, analysts lowered Wells Fargo’s rating, and N26 raised $100 million in funding. Plus, U.S. banks have extended over $500 billion in loans to small- to medium-sized businesses (SMBs) affected by the coronavirus pandemic. Get the Full Story Complete the form to...
California Attorney General Xavier Becerra, along with municipal attorneys from three cities in the state, is suing Lyft and Uber for allegedly misclassifying drivers as independent contractors. The attorney general and city attorneys claim the move deprives drivers of workplace protections, and the group is pursuing restitution, civil...
Fiserv Inc., a global payments provider, now accepts Electronic Benefits Transfer (EBT) payments at grocers, allowing Supplemental Nutrition Assistance Program (SNAP) participants to purchase groceries online for the first time, the Wisconsin-based company announced on Tuesday (May 5). Get the Full Story Complete the form...
Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
To allow for faster crowdfunding offerings, the U.S. Securities and Exchange Commission (SEC) unveiled temporary, conditional relief for “established smaller companies” impacted by COVID-19. The actions will speed up the offering process for firms that are eligible by offering relief from specific procedures when it...
Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The increase in sales figures and online shoppers is in line with the overall eCommerce industry’s growth. Get the Full Story Complete the form to...
As it weathers a lull in travel because of COVID-19, Marriott International Inc. has taken in $920 million in cash via arrangements with co-branded credit card firms. The hotel firm will receive $570 million from JPMorgan Chase & Co. with the early payment of a...
