Walmart And Capital One Team Up For Rewards Credit Card

PYMNTS

Walmart has announced it is teaming up with Capital One on a new credit card to be released on Sept. There will be two versions available: the Capital One Walmart Mastercard and the private-label Walmart Rewards Card.

Hacker Arrested In Capital One Breach Affecting 100M+ 

PYMNTS

A former Amazon systems engineer working for Capital One is said to be the woman behind a breach that accessed the data of over 100 million people. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.

Aiming high and low: Inside Personal Capital’s customer strategy

Bank Innovation

For Personal Capital, the path to scale is to go broad. Carousel Investing Premium Product Design Retail Banking Wealth Management betterment Personal Capital robo robo-adviser WealthfrontAs a result, the Redwood Shores, Calif.-based

Capital One: Pressure from non-banks is hurting commercial lending

Bank Innovation

Capital One‘s commercial lending business is facing price pressure from a saturated market of lenders, including non-banks, that are pushing interest rates down. Capital One isn’t alone in facing this pressure in the […].

Capital One Acquires FinTech Robo-Adviser United Income

PYMNTS

The retirement-focused United Income will now give automated advice as part of Capital One, which is looking to expand its robo-adviser offerings. . Capital One purchased the company for an undisclosed amount after taking a 10 percent stake last year, American Banker reported on Friday (Aug.

Capital One Hacker Indicted On Fraud, Theft Charges

PYMNTS

A federal grand jury indicted 33-year-old software engineer Paige Thompson, a former employee of Capital One, for the crime. Capital One stored its data with Amazon’s cloud division, called Amazon Web Services , and Thompson accessed the data from there.

Ripple Invests $25M in Blockchain Capital

Bank Innovation

Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space.

Bain Capital Hires Keri Gohman As An Operating Partner

PYMNTS

Bain Capital Ventures announced it has hired FinTech industry veteran Keri Gohman as an operating partner. Bain Capital Ventures has invested $600 million across more than 30 FinTech startups over the past seven years, including AvidXchange, IEX, Justworks and Passport.

Capital One, Discover Tightening Lending Standards

PYMNTS

Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming.

Venture Capital Disruptor Clearbanc Raises $50M

PYMNTS

Clearbanc, a company that provides a funding alternative to traditional venture capital outfits, has raised another $50 million in an equity investment, according to a report. Clearbanc provides an alternative to venture capital funding by offering non-dilutive revenue-share contracts.

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. B2B Payments B2B foreign exchange FX risk GPS Capital Markets M&A News What's Hot In B2B

Capital One Acquires Trade Credit Firm BlueTarp

PYMNTS

Capital One Financial Corporation announced Friday (June 21) that it has reached an agreement to acquire purchase-to-payment and credit management company BlueTarp. ” Capital One said it plans to close the acquisition in the third quarter of this year.

Capital One acquires BlueTarp in appeal to business clients

Bank Innovation

Capital One announced on Friday that it was acquiring BlueTarp, a business-to-business credit company. Capital One […]. Corporate Banking Daily Post 3 Exclusive Lending Premium BlueTarp Capital One Mastercard Visa Wells Fargo

Capital One Offers Free Business Credit Reports

PYMNTS

Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers.

With Softbank investing, working-capital marketplace C2FO closes $200m round ‘for global expansion’

Bank Innovation

C2FO, a nine-year old working capital digital marketplace, on Wednesday raised $200 million in a Series G funding round led by Softbank Vision Fund, with participation from Temasek and Union Square Ventures.

Former Amazon worker is accused in cloud hack of Capital One

Bank Innovation

Capital One Financial said data from about 100 million people in the U.S. Bloomberg Carousel Retail Banking Security & Risk Amazon AWS Capital One cloud banking hacking

Capital One Hopes to Score Big with Walmart Partnership

Bank Innovation

First PayPal and now Capital One have noted the significance of their partnerships with the retailer in recent earnings calls. Just yesterday, in Capital One’s 3Q18 earnings call, Richard Fairbank, CEO and chairman, mentioned that Capital One will be the exclusive issuer of Walmart […].

Hitachi Capital America Lands Trade Finance Takeover

PYMNTS

Hitachi Capital America , Hitachi’s U.S.-based In a statement, Hitachi Capital America EVP and General Manager of Commercial Finance and Corporate Development Mark Duncan said the takeover will help the company expand its footprint in the technology sector.

Why Is Capital One the Only Bank Using Alexa?

Bank Innovation

Earlier this year, Capital One and Amazon teamed up to put the Capital One “skill” on the Amazon Echo—as of now, Capital One customers who have the Echo or Echo Dot (anything with Alexa) can access their bank accounts using their voice.

Lighter Capital Broadens AltFin Products For Startups

PYMNTS

Lighter Capital, an alternative lender targeting the startup community, is adding new financing products to its offering. In a press release issued on Wednesday (June 5), Lighter Capital said it will add lines of credit and term loans to its current offering of revenue-based financing.

Square Capital Drives Company Revenue

Bank Innovation

Capital Cards Mobile Payments Technology cards earnings JP Morgan Square venture capital

Inspired Capital’s von Tobel on the next set of problems startups can solve

Bank Innovation

The founder of Learnvest and former chief innovation officer at Northwestern Mutual is now focusing on investments addressing the day-to-day money challenges of everyday people through her venture firm Inspired Capital, which was established earlier this year.

Corporate Card Data Spared In Capital One Hack

PYMNTS

Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. Capital One uses the cloud hosting services of AWS.

Facebook Co-Founder’s VC Firm B Capital Raises $406M

PYMNTS

Facebook Co-founder Eduardo Saverin has closed out $406 million for B Capital, his venture capital fund, according to a report. B Capital’s first fund close was in last February for $360 million, and consulting firm BCG was a major backer.

New Unicorn Revolut Will Use Capital For International Expansion

Bank Innovation

Capital Exclusive Mobile Online Payments Startups capital challenger banks funding London fintech Mobile banking online banking revolut Unicornsbased digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status.

Judge Denies Bail For Accused Capital One Hacker

PYMNTS

The woman who was accused of hacking into Capital One’s cloud and swiping the information of more than 100 million people was denied bail, Bloomberg reported on Friday (Aug.

Fed Sees Jump In SMB Capital Demand

PYMNTS

The Federal Reserve has released new data on small businesses’ appetite for capital, and it appears that financing demand is on the rise. Compared to 2017 figures, small businesses have increased their demand for capital.

PayPal Working Capital Steps Into Germany

PYMNTS

PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts.

Feds Believe Capital One Hacker Is Danger To Society

PYMNTS

Federal prosecutors believe that the woman allegedly responsible for the Capital One hacking is a danger to society who needs to stay in prison while awaiting trial. Thompson is accused of stealing personal data on more than 100 million Capital One customers.

Lessons from the Capital One Data Breach

Gonzobanker

When most financial executives read the headline “Capital One Data Breach,” they had two thoughts: How is this going to impact the financial sector? In this case, information about Capital One ’s customers. Aren’t both AWS and Capital One both responsible?

Fortino Capital Backs Dutch T&E Firm Declaree

PYMNTS

Fortino Capital Partners revealed that it has invested in Declaree , expanding its portfolio of travel and expense management companies. We are convinced to have found the right strategic partner in Fortino Capital,” said Janssen in a press release.

SaaS Enjoys Venture Capital Boom

PYMNTS

This week Oxx, which tends to focus on B2B software startups, led the $12 million funding round for the company, which also saw participation from Industrifonden, SEB Venture Capital and KTH Chalmers Capital, according to reports. million , news reports this week said, from Grotech Ventures, Middleland Capital, the Center for Innovative Technology and Charlottesville Angel Network.

Workspace Sharing Entices B2B Venture Capital Dollars

PYMNTS

million in Series B funding led by Blue Lagoon Capital and TranksLink Capital. The $50 million raised by India’s BharatPe this week will be used by the startup to broaden its working capital solution, TechCrunch reported this week.

Capital One’s commercial cards strategy zeros in on real-time capabilities

Bank Innovation

Capital One is contemplating how it can use data management technology, the cloud, APIs and artificial intelligence to meet the needs of middle-market businesses that increasingly are turning away from paper checks toward digital payments.

Capital optimization for desk restructuring under FRTB

Insights on Business

review of the capital requirements for market risk regulations, namely the Fundamental Review of the Trading Book (FRTB). Green means that the desk can continue reporting capital under IMA. to find the optimal capital.

Square Capital Grew 64%, Driving Company Revenue

Bank Innovation

The division of the company responsible for providing loans to small businesses and Square sellers across its global network, Square Capital, processed more than 400,000 business loans for the quarter, for a total of $251 million. The lending business appears to be treating Square well.

Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets

Bank Innovation

Capital Compliance Cryptocurrency Exclusive Operations Startups Bitcoin BlockChain Blockchain + Digital Currencies cryptocurrency Deloitte digital currency ICOs KYC Waves Platform

Italian Bank UniCredit To Investigate Capital One Data Hack

PYMNTS

One of Italy’s most well-known banks, UniCredit, said that it was going to start its own probe into the Capital One data breach, according to Reuters. . “On Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached.

Top 5 Fintech Raises: FTV Capital, Avalara, OurCrowd, Certona, Zero

Bank Innovation

Compliance E-Commerce Insurance Mobile Online Payments Startups Technology Avalara Certona compliance eCommerce Estify FTV Capital funding SaaS software venture capital Zero

Chime Commands $1.5B Valuation After Capital Raise

PYMNTS

According to a report in CNBC , the San Francisco startup said the Series D round of venture funding was led by DST Global , as well as new investors Coatue, General Atlantic, ICONIQ Capital and Dragoneer Investment Group. Chime isn’t the only challenger bank to raise capital in recent months.

Inside Capital One’s efforts to build a personality for digital assistant Eno

Bank Innovation

Capital One is determined to turn its digital assistant Eno into an affable, personal finance watchdog to build loyalty between the brand and its customers. Premium Retail Banking artificial intelligence Capital One chatbot Eno Erica Nomi

Panxora Safeguards ICO Capital For Treasurers

PYMNTS

Reports in Blockchain News this week said Panxora has introduced a treasury management service to help the company and project founders who turn to ICOs to secure the capital they have raised, and mitigate the risk of cryptocurrency volatility.

US Lawmakers Respond To Capital One Data Breach

PYMNTS

The Capital One data breach that affected millions and spawned an investigation by the New York attorney general as well as a class-action lawsuit, has a new set of detractors: U.S. Also on Tuesday, a man affected by the Capital One breach filed a lawsuit against the firm.