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Banc of California acquires Deepstack Technologies for $24M

BankInovation

Banc of California acquired digital payments platform Deepstack Technologies on September 15 in a $24 million cash and stock deal that will expand its business into payment processing in a move to provide customers with detailed insights and tips to streamline their spending. The $8 billion Santa Ana, Calif.-based

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Uber, Lyft Ready Shutdown Friday In California

PYMNTS

Unless an appeals court intervenes at the last minute, Uber Technologies Inc. are ready to suspend their ride-hailing services in California on Thursday (Aug. In a blog post , Lyft said its rideshare operations in California would be suspended at 11:59 a.m. and Lyft Inc. on Thursday. In a podcast Wednesday (Aug. percent to $26.41

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Uber CEO Vows To Shutter Ride-Hailing Service Temporarily In California

PYMNTS

Faced with the prospect of classifying its drivers as full-time employees, Uber Technologies Inc. is likely to shut down temporarily in California. “If At the request of California Attorney General Xavier Becerra Monday (Aug. On Tuesday (Aug. In an op-ed piece in the New York Times on Monday (Aug.10),

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Nuro Gets California Permit For Autonomous Deliveries

PYMNTS

Nuro has received the first-ever autonomous vehicle deployment permit from the state of California, according to a press release. The California DMV is a leader in safety standards, and we appreciate their collaboration and safety-first approach to AV regulation,” he said, according to the release.

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Uber, Lyft Lose AB5 Appeal In California

PYMNTS

Silicon Valley rideshare giants Uber and Lyft must abide by a California Court of Appeals’ decision that they can no longer classify their drivers as independent contractors, pending a ballot measure giving voters a say on election day (Nov. Uber and Lyft have said that as a technology platform, all they do is match drivers and passengers.

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Transactions: Finexio powers accounts payable at Banc of California

BankInovation

Automated treasury payments solutions at Banc of California will be powered by Finexio, the companies announced last week. Finexio, an accounts payable fintech with previous buy-in from Mastercard and communications firm Nordis Technologies, received $1 million from Banc of California during a funding round.

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California Gig Decree Prompts Uber To Halt Upfront Pricing

PYMNTS

Uber is dropping upfront pricing in favor of estimates in response to the California gig economy law that took effect Jan 1. Due to a new state law, we are making some changes to help ensure that Uber remains a dependable source of flexible work for California drivers,” the company said in the email. “Due