The ACH Network has started off 2019 strong, with the number of payments in Q1 up 5.8 percent from the previous year. In 2018, there were 27 billion ACH payments, and more than $51 trillion in value moved across the ACH Network. Get the Full Story Complete...
Lyft shares fell as much as 4.2 percent on Monday (May 6) after reports came of a drivers’ strike, planned for this week. The planned rideshare strike is set to take place in New York City on Wednesday (May 8), and similar action could reportedly take place in other...
When it comes to long-term consumer relationships, few businesses can top banks. They tend to keep ties with consumers over decades — and, sometimes, those ties can last generations for families. At the same time, financial institutions (FIs) typically know much less about their customers...
Chinese coffee company Luckin, a fast-growing startup that aims to replace Starbucks as China’s largest coffee giant, is looking to raise $586.5 million ahead of its IPO, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and...
Instagram has a counterfeit goods problem. 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 completing this form, you agree to...
Morgan Stanley will send the Russian central bank a notice that it’s going to formally close of all of its banking operations in the country in the first quarter of 2020, according to a report by Reuters. Get the Full Story Complete the form to...
Japanese capital group SoftBank has invested $20 million in Clip, a Mexican FinTech startup that offers a mobile credit card reader for smartphones. Businesses all across Mexico have adapted the technology as a simple and low-cost way to accept payment, according to Reuters. Get the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the debut of Hong Kong’s MeReal Biometrics Keyper smart fingerprint card. Ireland’s FinTech Umba has notched funding from two venture capital firms, Malaysia’s Maybank has implemented a SWIFT global...
Apple’s CEO Tim Cook has continued to make the argument that the Cupertino, California iPhone maker is a consumer company, not a tech one, pointing to Warren Buffett’s investment as evidence. In an interview with CNBC, Cook said famed investor Buffett understands that Apple is...
