A former partner and part-owner of Mexico’s InvestaBank SA has pleaded guilty to a U.S. charge that he fraudulently obtained $21 million in tax refunds from the Mexican government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Following special meetings on May 29, shareholders of Meta Financial Group, Inc. and Crestmark Bancorp, Inc. approved a plan of merger between the two companies. The companies had previously entered into an Agreement and Plan of Merger as of January 9 to approve the merger and...
Millions of terminals, hundreds of millions of cryptographic keys — and someone has to keep track of it all. Executives from GEOBRIDGE and POS Portal spoke to PYMNTS about the ways key management works across far-flung distances, with urgent deadlines, to make sure all goes...
Citigroup said on Tuesday (May 29) that it won’t use high deposit rates to lure new customers to its digital bank – instead, it will go after its credit card customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Rocket Internet Eyes AI, FinTech Investments 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...
Acorns, the mobile investing platform that takes spare change and invests it on behalf of its customers, has reached more than 3.5 million customers, with most investing around $50 or $60 per month. Get the Full Story Complete the form to unlock this article and...
Ahead of an expected initial public offering (IPO), Alibaba’s investment arm Ant Financial has secured $10 billion in funding from global and local investors, and declared a valuation of $150 billion — more than double its valuation after its last funding round in April 2016,...
British coffee and sandwich chain Pret A Manger has found a new majority stakeholder: JAB Holding Company is expanding its already considerable reach within the coffee business with a purchase. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Three years after Kraft Food Group and H.J. Heinz merged, the combined company may be hungry for acquisitions. After cutting $1.7 billion from spending, executives of Kraft Heinz said it’s now time for growth and investment, The Chicago Tribune reported. Get the Full Story Complete the...
