P2P lending startup Lending Club’s IPO last Thursday was reported to be worth at least $865 million, but it turns out to be even bigger, Silicon Beat reported. The company said on Tuesday (Dec. 16) that it had sold additional to raise its total IPO...
Retailers want better data for targeting customers, and partnering with payments providers may be a way of getting it, according to a new report from Colloquy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Under an EU deal struck Wednesday (Dec. 17) between lawmakers and the EU Council, payment-card interchange fees will be capped at 0.2 percent for debit and 0.3 percent for credit transactions, Reuters reported. Get the Full Story Complete the form to unlock this article and...
Credit-card spending, which fell during the first three months of 2014, rebounded in the second quarter, according to a quarterly report by the American Bankers Association released Wednesday (Dec. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A Virginia bank quickly shut off the ability of many of its customers to withdraw money from ATM machines after skimming devices were found in some ATMs and at local gas stations, according to the Richmond Times-Dispatch. Get the Full Story Complete the form to...
When a federal banking regulator insists that a bank official handed over data under investigation, what obligation does that regulator have in protecting that data? That’s what the Palm Springs Federal Credit Union is asking, after a flash drive containing member names, addresses and Social...
eBay on Tuesday (Dec. 16) announced that 80 small businesses in Brooklyn have joined the eBay Local program. 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...
FedEx has agreed to buy Genco, a company that specializes in returning the products that FedEx already works to deliver, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Most small business owners are using social media for marketing their businesses, but most aren’t using it to interact with suppliers. A new study from business research and advisory organization CEB says that could be a misstep. Get the Full Story Complete the form to...
