Walmart has finally made it official: As of October, it will directly offer federally-insured checking accounts, albeit through an arrangement with longtime partner Green Dot. The service will be called Go Bank and its raison d’etre is to waive fees for bounced checks, overdrafts and...
San Francisco payments startup OmnyPay is keeping a tight lid on its plans, but it has raised $1.5 million from Global Internet Ventures (GIV), VentureBeat reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
After the Home Depot breach of some 56 million pieces of card data, it was only a matter of time before it would deliver the fraudulent purchases that fund such an attack. That time has now arrived with bad purchases now “rippling across financial institutions...
Small-business invoicing startup Invoice2go has grabbed $35 million in financing — the first outside investment since the company’s founding in Australia in 2002. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
New technologies often bring with them new vulnerabilities, and in this period of rapid innovation, banks’ need to manage the associated operational risks is the most urgent, a top U.S. banking official advised this week. Get the Full Story Complete the form to unlock this...
Online home furnishings retailer, Wayfair Inc., has set its value at more than $2 billion in documents filed in advance of its initial public offering of stock. Wayfair is projecting an initial share price of $25 to $28 and 82,756,943 shares outstanding after the IPO. Get the...
Perhaps it is the snobbery that associates sophistication with living on one of the two coasts, but when most people think about cities that are being innovative when it comes to mobile payments, Minneapolis probably isn’ their first thought. New York, San Francisco or London...
Lootsie, a startup that allows advertisers target mobile-only rewards to users, announced today that it has hired its first chief operating officer, Steve Cho. Cho is a veteran of sales at IBM and comes to Lootsie via Kiip where he was the VP of business development. Kiip...
Meeting the needs of the omnichannel consumer is hard. Yet consumers have very little patience with merchants that can’t meet their needs. A new Vantiv Insight report provides new perspectives about why consumers give merchants a failing grade on their omnichannel report cards and what...
