Accounts payable (AP) firm MineralTree is teaming up with Western Union to help companies pay suppliers overseas. 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...
After years of doubt, financial professionals are trusting the cloud. Research released last month by Adaptive Insights found 73 percent of surveyed CFOs trust the cloud to host their financial data today. That trust has permeated the financial services industry, too, as banks begin to...
A small business (SMB) in Massachusetts borrowing funds via marketplace lender Kabbage has sued the platform, igniting new debate in the conversation over the definition of a “true lender,” according to reports in the National Law Review on Tuesday (Oct. 31). Get the Full Story...
When people talk about the eCommerce giants “getting into movies,” usually they’re talking about digital content – offering films, TV shows, and even their own exclusive content for download at whatever a la carte or subscription rate is lower than what that other eCommerce guy...
Small businesses (SMBs) are increasingly satisfied with their traditional financial service providers, though banks are pushing to heighten their innovation strategies and provide SMBs with the high-tech, customized services that those small businesses demand. Get the Full Story Complete the form to unlock this article...
Remitly, an independent digital remittance company, announced that it had agreed to raise up to $115 million in series D funding, according to Business Wire. PayU, a FinTech investment division of Naspers, will lead the investment round. Get the Full Story Complete the form to...
Shopify, a Canadian eCommerce company, beat earnings expectations this quarter, according to a quarterly earnings call. Despite that, company stocks dropped on Tuesday, likely because the call didn’t do enough to counter accusations made in a Citron Research report released earlier this month. Get the...
Citigroup announced that it expects to record a $150 million pretax gain on the sale to American Express of a $1.2 billion credit card portfolio, as part of its co-brand deal with Hilton hotels. Get the Full Story Complete the form to unlock this article...
The attorney general of New York announced a settlement with Hilton over the exposure of hundreds of thousands of credit card details, CNBC reported. The hospitality chain has agreed to pay a $700,000 settlement. Get the Full Story Complete the form to unlock this article...
