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GPS Capital Markets For Sale, Sources Say

PYMNTS

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. As of last year, the company employed 63 people, reports said, citing Utah Business data. As of last year, the company employed 63 people, reports said, citing Utah Business data. corporates lost a combined $23.39

Capital 108
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Bitcoin Daily: SEC Freezes Crypto Firm?s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA

PYMNTS

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. The defendant in the case is Utah resident Daniel F. The group managed to get $12 million from 2,000 investors, Coindesk reports.

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Subscription Business Models Lead B2B VC Funding

PYMNTS

This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability. Operating a platform that helps organizations manage their documents, eFileCabinet recently announced $11.5

San Jose 226
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Play Store Has State AGs Exploring Third Google Lawsuit

PYMNTS

Alphabet-owned Google could be hit by a third lawsuit by state attorneys general, this time over its management of the Play Store, Reuters reported on Friday (Jan. This latest Google probe will be headed by the attorneys general of Utah, North Carolina and New York, one of the sources said. 15), citing sources. . and abroad. .

Google 141
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Mixed Performance For Payments Stocks

PYMNTS

The mobile payments firm announced plans last week to open up a physical branch in Utah, to be called Square Financial Services. The brick-and-mortar Square operation is slated to offer loans and also traditional deposit accounts to small businesses (SMBs). Mastercard also saw its stock rise for the week, by 3.5

Payments 148
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Uber Facilitated More Than $600M In Tips For Drivers

PYMNTS

In May, it launched mid-trip ratings and tips, and that has driven a 30 percent increase in tipping, said Uber Product Manager Dhruv Tyagi. Lyft , noted the report, is operating in fewer markets than Uber — Lyft is in the U.S. and Canada while Uber has operations around the world.

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Zions Bancorporation goes live on TCS BaNCS Core Banking software

Bobsguide

The TCS BaNCS deployment provides Zions a parameterized, US market compliant, real-time solution, sets up Zions to go Digital, be nimble & efficient and shift to a customer centric approach. It’s a significant landmark not just for TCS and for Zions, but for the banking industry in North America.