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Grubhub Offers Eateries $30M In Promo Support During COVID-19

PYMNTS

Chicago-headquartered delivery unicorn Grubhub said it will spend $30 million to help support more than 100,000 independent restaurants and regional franchises as the coronavirus pandemic changes everyday life, the company announced on Thursday (April 2). Grubhub is donating its services to oversee the ordering and delivery operation.

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South Korean Starbucks Accepts Alipay For Tourists

PYMNTS

Owned and operated by Ant Financial Services Group, Alipay is the world’s largest online and mobile payment platform. Launched in 2004, Alipay currently boasts more than 520 million active registered users. Overseas, Alipay now covers 38 countries and regions to provide payment services for Chinese visitors who are traveling overseas.

Mobile 101
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Corporate banking in China: my crystal ball grows cloudy

Celent Banking

Looking back at the past ten years, China grew to be the largest exporting nation with $2.3 China’s growth into a global economic powerhouse and its resilience during the financial crisis contributed to a nearly 20% CAGR for corporate banking operating income across the top four banks from 2004 to 2014.

Regional 100
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How The Fed Will Impact Your Deposit Beta

South State Correspondent

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. How to Apply to Your Bank. Community banks with larger percentages of DDA balances will fare better.

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Got $25 Million? Six Payments Execs Share Their Post-Pandemic Startup Ideas

PYMNTS

That’s the highest level since 2004. There’s] a lack of proper CRM tooling, or modernized tooling, or there’s a lack of a super app in our region.”. The payment relationships, whether B2B or B2C, he said, exist as the most fundamental relationships between parties especially for banks — not the accounts or the treasury operations.

Payments 168
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The Top 20 Venture Capitalists

CB Insights

15 of the top 20 operate in the Greater Bay Area. Operating Location: San Francisco, CA. Operating Location: San Francisco, CA. In October of 2004, Josh founded First Round Capital where he serves as General Partner to this day. Operating Location: Philadelphia, PA. Operating Location: Menlo Park, CA.

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Mortgage Tech 101: What It Is & Why It’s Taking Off Now

CB Insights

Quicken Loans founder Dan Gilbert’s innovation in mortgages was to assign regional-specific loan application reviewers, who familiarized themselves with the regulations of certain geographies. This helped navigate fragmented regional regulations. This is down from 44% in 2004.