Alternative finance apparently won’t stop catching the attention of investors — at least, not any time soon, if this week’s B2B venture capital roundup is any sign. The industry landed $90 million in funding, accounting for four out of the 10 funding rounds announced by...
Chinese internet giant Tencent is in no rush to launch its social networking platforms, music and services internationally — unless there is a space in the market that needs to be filled. Though Tencent runs China’s biggest social network, music and gaming system — including billion...
A federal judge in New York has ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. According to Reuters, the decision by U.S. District Judge Loretta Preska prohibits the agency from suing a company that advances money to people awaiting settlement payout,...
A U.S. Senate panel has voted to block an amendment that would allow banks to open accounts for marijuana businesses without being punished by federal regulators. According to Forbes, the Senate Committee on Appropriations voted 21 to 10 to table the amendment. Get the Full...
The Securities and Exchange Commission’s Commissioner has revealed that when it comes to cybersecurity, investors are not getting the disclosures they need. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Helios and Matheson Analytics, the provider of information technology (IT) services and the 92 percent owner of MoviePass, announced Thursday (June 21) that it is issuing $164 million in bonds and 20,500 shares of preferred stock. Get the Full Story Complete the form to unlock...
Welcome to Five at Five, your late look at the payments and commerce news of the day. Coverage includes the latest news from the ridesharing industry, along with a Mastercard B2B partnership. In addition, AMC has a subscription offering and Oprah showed, again, that she has...
PayPal announced Thursday (June 21) that, following on the heels of its acquisition of Hyperwallet earlier this week, it is acquiring Simility, which is a fraud prevention and risk management platform. In a company blog post, PayPal said that — like with the acquisition of...
Uber, the ride-hailing company, has facilitated more than $600 million of payments in the form of tips to its drivers since it launched its in-app tipping service for drivers in 2017. According to a report, Uber had $50 million in tips in August, but that has grown...
