The Federal Trade Commission on Monday (Aug. 1) fined online home buying firm Opendoor Labs $62 million, saying it must stop cheating potential home sellers by tricking them into thinking that they could make more money selling their homes to Opendoor, according to an FTC...
The Securities and Exchange Commission (SEC) has charged 11 people for their roles in allegedly creating and promoting fraudulent cryptocurrency pyramid and Ponzi scheme Forsage, which raised $300 million from millions of retail investors around the world, according to a Monday (Aug. 1) press release....
Until speed-of-thought delivery is innovated, the next best thing is same day, a concept that Amazon is pursuing aggressively at a time of increasing demand for speedier service. Amazon said in a Monday (Aug. 1) blog post it’s now offering same-day ordering and delivery for...
Today in B2B payments, Unilever sees a rise in B2B eCommerce, and a PYMNTS and Corcentric report shows speedy digitization in the finance and healthcare verticals. Plus, Razer Merchant Services teams with Atome for increased BNPL acceptance, Think Big Solutions adds digital factoring platform and...
Digital commercial bank Grasshopper Bank has raised $30.4 million to support its growth across the business and innovation economies and meet clients’ expectations by providing the latest technology and digital banking solutions. The funding round came from existing backers Patriot Financial Partners, Endeavour Capital Advisors,...
Although many already had a robust system in place beforehand, nearly half of the companies in the finance, insurance and healthcare have accelerated the digitization of payment processes and systems during the pandemic. In fact, 48% of the companies in each of those industries fast-tracked...
Digital bank Tandem announced in a statement Monday (Aug. 1) that it has joined the Raisin UK online savings marketplace, providing U.K. customers with access to its range of fixed-term savings products. Tandem’s current suite of savings products extends across fixed rate and instant access,...
India-based payroll and workforce management startup Tartan has closed a $4.5 million funding round that it plans to use to scale its go-to-market operations, expand its in-house engineering team, double its headcount to 110 and enhance its product offerings, The Economic Times reported Monday (Aug....
Valvoline, the second largest operator of oil change and auto service locations in the U.S., said Monday (Aug 1) that it sold its global lubricants business in order to become a pure-play retailer focused on faster growth and expansion opportunities at a time when consumers...
