Who’s afraid of faster payments? Banks for starters. While the idea of delivering payments between parties at a considerably faster rate might sound appealing to businesses and consumers, traditional banks are still beholden to their risk-averse tendencies. Along with all the latest news in the...
Just a few weeks after the election of Donald Trump to the United States presidency, Masayoshi Son, head of SoftBank of Japan, said his firm would invest as much as $50 billion in the U.S. That initiative remains part of a $100 billion investment fund...
It’s déjà vu all over again – and perhaps even a little bit of we sort of told you so. Bitcoin’s value dropped farther yesterday (Jan. 11), hitting a low in the $750s after briefly flirting with record highs near $1,200 earlier this month. Get the...
Small business mPOS provider iZettle recently raised €60 million ($63.1 million) in a Series D extension made up of equity from existing investors, as well as debt funding from U.S.-based Victory Park Capital. On top of the new funding, iZettle has also added Maria Hedengren...
In all relationships, new events are a cause for celebration. Think of anniversaries, births and graduations. 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...
Alibaba is at the forefront of a bid that would take Intime Retail Group private, with a price tag of as much as $2.6 billion, part of a larger strategy to broaden its brick-and-mortar reach. Get the Full Story Complete the form to unlock this...
Drug company Valeant Pharmaceuticals International is shedding four of its brands — three skincare and one cancer treatment business — and experts say it’s good money, considering what the company original bought those brands for. Get the Full Story Complete the form to unlock this article...
Canadian apparel maker Gildan Activewear recently won a bankruptcy auction for U.S. fashion retailer American Apparel after offering a bid of nearly $88 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Investment activity picked up for the first full week of the new year as measured against the last week of December, logging a total of just under $519 million. This time around, the B2B sector led FinTech as the area where the most funds flowed,...
