China Merchants Group has partnered with London-based firm Centricus to launch a $15 billion technology investment fund to compete with the Vision Fund created by Japan’s SoftBank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In a world of breached consumer data, companies are taking new approaches to authenticating a consumer’s identity online. In the latest Digital Identity Tracker, Quicken Loans EVP Bill Banfield explains how Quicken maps borrower data to the original sources to prove their true identity. That,...
Bitcoin’s 2018 crash is nearing dot-com levels, as hundreds of other virtual coins are at or nearing zero. 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...
Anyone who shopped at a mall in the 1980s or 1990s – particularly with their dad (or, really, anyone’s dad) likely enjoys a twinge of nostalgia anytime they hear the words “The Sharper Image.” Get the Full Story Complete the form to unlock this article and...
When it comes to financial services and financial technology startups, making the right investment decisions is not easy or obvious work. Thousands of firms are born each year – all promising the next greatest advancement in managing money – but only a fraction of a...
Every summer needs at least one song. In 1960, it was the Brian Hyland classic “Itsy Bitsy Teenie Weenie Yellow Polka-Dot Bikini.” In 1965, it was “(I Can’t Get No) Satisfaction” by the Rolling Stones. The summer of 1976 gave America both its bicentennial celebration...
Ahead of a planned reduction in interchange fees, which card issuers pay for cash withdrawals at ATMs in the U.K., data from LINK indicates that over 500 cash points have closed this year over a five-month period to May. During that time, the number of...
After Citibank, N.A. allegedly violated the Truth in Lending Act by failing to reevaluate and reduce the annual percentage rates (APRs) of consumer credit card accounts, the Bureau of Consumer Financial Protection (CFPB) announced that it has reached a settlement with the bank. With the terms...
As Airbnb builds up a larger profile in the travel space, the home share marketplace is eyeing an initial public offering (IPO). The company wants to be ready to go public on June 30 of next year and aims to have an IPO before 2020,...
