The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late fees, and other actions, would hurt innovation and banks’ customers in the long run. At the hearing, titled “Politicized Financial...
Walmart has extended its delivery window to include the earning morning hours. The retail giant’s Express On-Demand Early Morning Delivery, announced on its website Thursday (March 7), lets customers get deliveries starting at 6 a.m. “This expanded timing offers them peace of mind knowing they can get...
Online retailer Beyond has acquired Zulily, saying the move will boost its position in the off-price market. Zulily, a flash sale promoter and eCommerce retailer, will join Overstock and Bed Bath & Beyond in its new owner’s portfolio, Beyond said in a Thursday (March 7) press release. “This acquisition doubles down on our...
PayPal has expanded its Tap to Pay on iPhone offering in the U.S. The company said in a Thursday (March 7) press release that the service is now available for all U.S. Venmo business profile and PayPal Zettle users, letting them accept contactless card and digital wallet payments on their iPhones with...
Zama, a specialist in the field of cryptography, has secured $73 million in a Series A funding round to grow its Fully Homomorphic Encryption (FHE) solution. The company will use the new funding to advance its research, extend its runway and champion its partners who...
The U.K. bank Nationwide Building Society is set to acquire Virgin Money for $2.7 billion. The boards of the two companies reached a preliminary agreement to the deal on Thursday (March 7), saying their merger would make them Great Britain’s second-largest provider of mortgages and savings. “The combination of our...
Beyond monitoring the bank accounts, beyond the day-to-day ebb and flow of cash in the corporate coffers, treasurers’ roles are changing. And, increasingly, technology is the prime enabler of that change. A recent spate of headlines tied to capital raises by FinTech and partnerships between...
FLEETCOR Technologies is rebranding to Corpay, saying the new name better reflects the range of corporate payment solutions the company offers. The name change will take effect March 25, when the company’s stock will begin trading on the New York Stock Exchange under a new ticker symbol, CPAY, the...
One year after the 2023 banking crisis, America’s regional lenders continue to struggle. A report Thursday (March 7) by Reuters examined the hurdles facing these mid-sized banks, such as higher deposit costs and shaky office building loans, in the wake of the downfall of three banks, Silicon...
