Editor’s Picks

Upgrade Closes $40M Santander-Led Funding Round

Upgrade Closes $40M Santander-Led Funding Round
Upgrade Closes $40M Santander-Led Funding Round
June 17, 2020  |  Investments

Mobile bank Upgrade Inc. has received a $40 million investment as part of its Series D round led by Santander InnoVentures, a division of Santander...

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Mastercard Tokenizes Card Credentials For Amazon Shoppers In 12 Countries
Mastercard Tokenizes Card Credentials For Amazon Shoppers In 12 Countries
June 17, 2020  |  Mastercard

Amazon customers in 12 countries across North America, Latin America, the Middle East and Europe will have their stored credit card credentials tokenized, Mastercard announced...

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Mastercard And Visa Lose Legal Round In The UK Over Swipe Fees
Mastercard And Visa Lose Legal Round In The UK Over Swipe Fees
June 17, 2020  |  Legal

Two of the world’s largest credit card companies have lost their bid to assess fees on retailers in the United Kingdom. Get the Full Story...

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Jobless Americans Can’t Afford Doctor Visits 
Jobless Americans Can’t Afford Doctor Visits 
June 17, 2020  |  Healthcare

While many patients are avoiding office visits over fears they could catch COVID-19, doctors say the primary reason jobless Americans are staying away from healthcare...

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FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic
June 17, 2020  |  Bank Regulation

U.S. bank profits took a hit of 69.6 percent in profits in the first quarter of the year compared to the same time last year,...

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US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
US House Weighs Response As Cyberattacks Against FIs Jump 238 Pct
June 16, 2020  |  Security & Fraud

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. Head of Cybersecurity Strategy...

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House Investigates Bank Procedures For PPP Loan Processing
House Investigates Bank Procedures For PPP Loan Processing
June 16, 2020  |  B2B Payments

A U.S. House panel is investigating if multiple banks gave preferential treatment to large, well-funded firms compared to companies in minority or isolated areas when...

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Hilton To Cut 2,100 Employees Due To Pandemic
Hilton To Cut 2,100 Employees Due To Pandemic
June 16, 2020  |  Coronavirus

With the hospitality industry slammed by the COVID-19 crisis, Hilton Worldwide Holdings said it planned to cut about 22 percent of its corporate workforce globally,...

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