Social Finance, or SoFi for short, is nearing an agreement to raise as much as $500 million in a new venture capital funding round, Bloomberg reported. That tally is likely to be led by Silver Lake Partners, the newswire said, and will be geared toward...
In an effort to reduce gas emissions, as well as create a healthier and sustainable environment for commuters, Los Angeles Mayor Eric Garcetti has put together a City of Los Angeles Sustainable City pLAn. To help bring this to life, Garcetti brought a new partner on board...
The decision to make the economy in India less dependent on cash led to a temporary cash shortage that slowed the economy and forced thousands of people to gather outside of banks in an effort to get money to pay for food and wages. Get...
Sources are reporting that Snap Inc. — Snapchat’s parent company — has set a valuation for itself between $19.5 billion and $22.2 billion, as the message app company gets closer to its IPO. But some investors are wondering if the company is worth the valuation it’s seeking. Get...
SWIFT announced Thursday (Feb. 16) that global transaction banks are using SWIFT’s new global payments service, which went live in January. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
First Data, the commerce-enabling technology company, and ShopKeep, a cloud-based company whose technology transforms an iPad into a cash register, announced on Thursday (Feb. 16) they inked a new partnership that expands their existing relationship. Get the Full Story Complete the form to unlock this...
Mortgage technology provider Roostify and JPMorgan Chase are teaming up to build a digital self-service mortgage platform, enabling users to upload and sign mortgage documents electronically. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
London isn’t the U.K.’s only FinTech powerhouse. Tucked away in northern England, Leeds is using its fast-growing FinTech sector as a springboard to gain recognition as a global tech center. In this week’s Tech Center tracker, Sean Mallon, CEO of Bizdaq, joined PYMNTS to discuss...
While virtual cards provide greater security and digitization than physical cards, critics of the tool have pointed to one key pain point: Often, businesses that accept virtual cards as payment must manually enter in a virtual card number, leading to friction and a significant loss...
