Q2 Holdings has disclosed that First Republic Bank was one of its customers. First Republic Bank — which was seized by the Federal Deposit Insurance Corp. (FDIC) and acquired by JPMorgan Chase over the weekend — accounted for 2.5% of Q2 Holdings’ total revenue for...
Vera Equity has launched with a $20 million fund focused on early-stage FinTech companies. The new venture capital (VC) firm has invested in 20 FinTech startups to date, Vera Equity said in a Monday (May 1) press release. The firm was co-founded by Michael Vaughan,...
The Federal Deposit Insurance Corp. (FDIC) favors “targeted coverage” among the options for deposit insurance reform. In that option, different deposit insurance limits would be offered across account types, with business payment accounts receiving “significantly higher” coverage than other accounts, the FDIC said in a...
Bahrain is set to join other Persian Gulf region countries in a unified payments/settlement system. The country’s Shura Council approved the move this weekend, according to a Monday (May 1) report by Gulf Daily News. In doing so, the council set the stage for Bahrain to link...
GoDaddy and Microsoft have teamed to let small businesses accept customer payments during Microsoft Teams meetings. “GoDaddy is one of three commerce providers Microsoft selected for this launch, citing GoDaddy Payments’ rapid growth as a leading payments provider in the U.S. as a key reason,”...
The future-fit capabilities of artificial intelligence (AI) hold a particularly exciting value proposition for healthcare. Modern, AI-assisted processes across biomedical research, cancer screening, product development and treatment recommendation modeling, as well as back-office administrative optimization, all promise to transform physician decisioning and diagnosing across both...
Businesses using Microsoft Teams can now accept payments with Stripe. With Stripe powering Teams Payments, meeting hosts can accept real-time card payments before, during or after virtual appointments, classes and other events, the companies said in a Monday (May 1) press release. “We’re thrilled to...
As Kroger and Albertsons’ pending merger faces criticism, the grocers are courting price-sensitive shoppers’ favor. In a co-authored op-ed in The Cincinnati Enquirer, Kroger Company CEO Rodney McMullen and Albertsons Companies CEO Vivek Sankaran pushed back against opposition to the proposed merger. The piece addressed claims that...
British consumers are feeling more optimistic about inflation. Consumers said in April that they expect inflation to be 5.2% a year from now, a figure that was lower than the 5.4% they said they expected in March, Reuters reported Monday (May 1), citing a survey...
