The factoring industry is in need of a facelift. While the concept of selling unpaid invoices to someone who has the cash up-front has been around for centuries, modern-day financial services present companies with a slew of different options to access capital. Meanwhile, factoring has...
Petroleum exploration company PTT Exploration and Production (PTTEP), Thailand’s largest corporation, is collaborating with blockchain firm Ripple to integrate its technology for cross-border transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Wirecard, the German financial company, and Japan’s SoftBank Group announced Wednesday (April 24) a deal in which SoftBank will invest about EUR 900 million in Wirecard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Two Russian Federal Security Service (FSB) agents have been charged for their alleged involvement in a bitcoin extortion scam. 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...
Zoom has surpassed Lyft as the most valuable of all the tech companies to go public this year. The milestone comes after just three days of trading for Zoom, which surged 5 percent on Tuesday (April 23) to close trading with a market capitalization of $17.7...
The RealReal, an online retailer for authenticated luxury consignment, has authorized the sale of up to $70 million in new shares that could put its valuation at $1.06 billion. A Delaware stock authorization filing was discovered by the Prime Unicorn Index. However, there is no...
The news out of Chipotle feels a bit like déjà vu, as it’s a story we’ve all heard before. Reports have appeared all over social media, particularly via Reddit and Twitter, about Chipotle user accounts being pirated, with hundreds of dollars’ worth of food ordered...
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 receive marketing communications from PYMNTS and...
Wells Fargo‘s interim CEO faced critics at the company’s annual meeting in Dallas. C. Allen Parker was interrupted more than a dozen times during his opening remarks, with hecklers shouting “frauds” and “criminals” as he tried to speak. “Wells Fargo, you cannot be trusted,” one...
