News

Investments
Startup Partially Funded By Ashton Kutcher Can’t Pay Staff
October 08, 2019

Silicon Valley tech startup Neighborly is having money woes and can’t make payroll, Bloomberg reported on Monday (Oct. 7). 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...

POS Innovation
Max Levchin On The Future-Present Of Everywhere POS Lending
October 08, 2019

When Affirm launched in February 2013, the point-of-sale (POS) financing marketplace in the U.S. was largely an empty greenfield wherein PayPal Co-Founder Max Levchin set up virtual stall. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
CyberSource: The SCA Delay Is Both An Opportunity And A Challenge
October 08, 2019

As of Sept. 14, the legal deadline for the strong customer authentication (SCA) requirement of the Second Payment Services Directive (PSD2) came and went. However, as is often the case when big ecosystems attempt wide and systemic changes, things have not gone quite according to plan....

Investments
SoftBank CEO Not Satisfied With Firm’s Growth
October 08, 2019

So far, the CEO of SoftBank Group Corp. isn’t impressed with his accomplishments at his company. 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,...

Retail
Kroger, Walgreens Take E-Cigs Off Shelves
October 07, 2019

Popular grocer Kroger and pharmacy retailer Walgreens have announced they will no longer sell e-cigarettes, citing “the mounting questions and increasingly complex regulatory environment.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
SEC’s Moves To ‘Modernize’ ETFs Hint At Crypto Future
October 07, 2019

The U.S. Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Might that pave the way for the emergence of cryptocurrency...

Investments
Tide Raises $54.3M In Funding Round
October 07, 2019

Tide, a popular business banking platform, has raised $54.3 million in a Series B funding round, the company announced in a release on Monday (Oct. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Faster Payments
Bulgarian Fibank Joins SWIFT gpi
October 07, 2019

First Investment Bank (Fibank) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Artificial Intelligence
Former Google Exec To Lead AI Tech Division At OakNorth
October 07, 2019

OakNorth, a FinTech backed by SoftBank, has hired former Google executive Sunil Chandra to lead its artificial intelligence (AI)-based technology arm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...