Digital payments firm PayPoint is offering a new pay-by-bank service. The British company said in a Monday (Sept. 11) press release that it has become the first open banking provider offering bank-to-bank transfers as a payment initiation service provider (PISP) to pay-as-you-go energy customers. “PISP...
Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same. CEO C.S. Venkatakrishnan told CNBC Monday (Sept. 11) that these workforce plans are in line with the broader financial industry, emphasizing that what is happening at Barclays is no...
Perfios, an Indian B2B Software-as-a-Service (SaaS) FinTech, has raised $229 million in a Series D funding round. The round was led by Kedaara Capital and marks one of the largest investments in an Indian B2B SaaS firm this year, the company said in a Monday...
Installment payment platforms Splitit and AliExpress are bringing their “Pay After Delivery” offering to the United States. The service, already offered throughout Europe, lets consumers pay for goods after delivery using a “custom-branded experience embedded in the AliExpress checkout flow,” the companies said in a news release Monday (Sept. 11)....
AMP has raised $18.5 million in a Series A funding round to expand its interconnected platform for eCommerce merchants. The idea for AMP came about when founders Cameron Priest and Patrick Barnes realized that many brands and merchants struggled to manage multiple apps required to run their eCommerce stores, the...
Hackers reportedly gained control of the X, formerly Twitter, account of Ethereum founder Vitalik Buterin and stole more than $691,000 from unsuspecting victims. The attack was carried out through a phishing link that provided unauthorized access to people’s wallets, with a significant portion of the...
ABC Finance has introduced an invoice finance comparison tool that quickly connects business owners with lenders who meet their funding requirements. This platform was developed to fix the flaws and pain points in the market via the use of technology, and to help business owners get the product...
Loyola University Maryland is leveraging Amazon’s “Just Walk Out” technology to dramatically increase its ability to meet student demand for food and essentials at almost all hours of the day. In an interview with PYMNTS, Mike Mansfield, the university’s associate vice president of auxiliary operations,...
Consumer choice is at the heart of open banking, and, according to the Consumer Financial Protection Bureau (CFPB), open ecosystems and interoperability are among the key enablers of consumer choice. Near-field chip technology is becoming a flashpoint in the jousting between Big Tech, regulators and...
