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TD Bank Executive Raymond Chun to Succeed CEO Bharat Masrani
TD Bank Executive Raymond Chun to Succeed CEO Bharat Masrani
September 19, 2024  |  Personnel

TD Bank Group President and CEO Bharat Masrani will retire April 10, and will be succeeded by Raymond Chun, who is currently group head, Candian personal...

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Walmart Teams With Fiserv on Instant Bank Payments
Walmart Teams With Fiserv on Instant Bank Payments
September 19, 2024  |  Faster Payments

Walmart is reportedly enhancing its pay-by-bank offering via a partnership with Fiserv. The retailer began offering pay-by-bank with Walmart Pay earlier this year, Bloomberg reported...

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AtoB Raises $130 Million to Fuel Transportation Payments Services
AtoB Raises $130 Million to Fuel Transportation Payments Services
September 19, 2024  |  Investments

Transportation industry payments solution provider AtoB has raised $130 million in equity and debt funding. The Series C round was led by General Catalyst and Bloomberg Beta with participation from Mastercard and trucking...

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Report: Mercado Libre Plans Mexico Expansion of Working Capital Funding With $250 Million in Financing
Report: Mercado Libre Plans Mexico Expansion of Working Capital Funding With $250 Million in Financing
September 19, 2024  |  Investments

Mercado Libre has reportedly secured $250 million in financing from JPMorgan to grow the business of its FinTech arm Mercado Pago in Mexico. The company...

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Target Taps PepsiCo’s Jim Lee as New CFO
Target Taps PepsiCo’s Jim Lee as New CFO
September 19, 2024  |  Personnel

Target has picked longtime PepsiCo executive Jim Lee as its new chief financial officer (CFO). Lee, who spent more than 25 years with the food and beverage giant, will join...

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EU Wants Apple to Give Third Parties Operating System Access
EU Wants Apple to Give Third Parties Operating System Access
September 19, 2024  |  Regulation

European regulators want Apple to open its operating system to third-party developers. The European Commission began a pair of “specification proceedings” to ensure the tech...

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Walmart Takes on Amazon With Earlier Holiday Deals Event
Walmart Takes on Amazon With Earlier Holiday Deals Event
September 19, 2024  |  Retail

Walmart says it is beginning its holiday shopping offerings earlier than ever. “This year, nearly 50% of consumers will start their holiday shopping as early as...

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Report: Finastra’s Treasury and Capital Markets Unit May Be Sold
Report: Finastra’s Treasury and Capital Markets Unit May Be Sold
September 18, 2024  |  Fintech Investments

Finastra’s Treasury and Capital Markets (TCM) unit reportedly may be offered for sale. Private equity firm Vista Equity Partners is working with global investment bank...

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T-Mobile and OpenAI Partner on AI-Powered Customer Service Platform
T-Mobile and OpenAI Partner on AI-Powered Customer Service Platform
September 18, 2024  |  artificial intelligence

Wireless provider T-Mobile has partnered with OpenAI to create an artificial intelligence (AI)-powered customer service platform that will be used by T-Mobile and will create...

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