Walmart can end Capital One end card tie early, judge says
Payments Dive
MARCH 27, 2024
It won’t be easy for Walmart to find a new partner to replace Capital One, though, said Brian Riley, co-head of payments at Javelin Strategy & Research.
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Payments Dive
APRIL 12, 2023
Venture capital firms face challenges in picking payments and fintech investments amid the wreckage, and waiting for the right prices.
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Payments Dive
FEBRUARY 28, 2024
Capital One is betting the resolution of Discover’s compliance issues will take longer and cost more than expected, Capital One CEO Richard Fairbank said.
Payments Dive
MARCH 7, 2024
With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.
Payments Dive
APRIL 12, 2022
The flow of venture capital to startups ebbed in the first quarter for the biggest quarterly decline since 2012. Payments players, which have been big beneficiaries of such investments, are beginning to feel the pinch.
Payments Dive
MARCH 22, 2024
More than 30 organizations demanded the deal not be subject to expedited federal review and that public hearings be held in the largest lending markets for both Capital One and Discover.
Payments Dive
MARCH 26, 2024
Dominated by Visa and Mastercard, card network markets “sorely need an injection of competitive rivalry,” Capital One argued in its application to regulators to purchase Discover.
Perficient
DECEMBER 16, 2020
Being aware of Working Capital balances and taking proactive action has never been more important to businesses of all sizes. Our Working Capital Analytics application provides high-level metrics relating to working capital and deeper dives into current assets and liabilities’ primary components.
Payments Dive
FEBRUARY 27, 2024
Meanwhile, JPMorgan CEO Jamie Dimon advocated for Capital One to get a fair shake. The senator urged regulators to block the deal and took the OCC to task for its approval record.
PYMNTS
AUGUST 2, 2020
Corsair Capital has agreed to acquire B2B credit and payments provider MSTS , purchasing the company from World Fuel Services Corp. MSTS will remain a standalone business, which will give it the kind of position it needs to keep growing along with the B2B payments market, the release stated. according to a press release.
Payments Dive
APRIL 10, 2024
The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion deal.
BankInovation
APRIL 26, 2024
As it waits for regulators to approve its $35 billion acquisition of payments network Discover, Capital One is “fully mobilized to plan and deliver a successful integration.”
PYMNTS
DECEMBER 2, 2020
Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. So we built Capital for platforms: [link]. On Tuesday (Dec.
Payments Dive
FEBRUARY 20, 2024
The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.
PYMNTS
AUGUST 4, 2020
Japanese eCommerce and payments platform hey announced a Series E investment led by Bain Capital , a press release says. The round was also supported by PayPal Ventures , Goldman Sachs, YJ Capital, Anatole, and existing investor World Innovation Group, according to the release.
Payments Dive
SEPTEMBER 26, 2023
While money is much older than software, it’s still more difficult to move payments around the world, the venture capital firm said in a recent report advocating cross-border improvements.
PYMNTS
DECEMBER 21, 2020
Like many venture capital companies in the payments space, Serent Capital has had a busy year. The first was the investment in early December of procure-to-pay healthcare payments company Procurement Partners. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million.
PYMNTS
AUGUST 31, 2020
Dignari Capital has agreed to provide $50 million to Sheng Ye (SY) Capital in a strategic collaboration to explore new supply chain finance options for small- to medium-sized businesses (SMBs), according to a press release. Tung Chi Fung , chairman of SY Capital, said there are already plans in the works.
American Banker
FEBRUARY 19, 2024
Capital One Financial's proposed acquisition of Discover Financial Services would create a credit card behemoth with its own payments network. The deal is likely to draw tough regulatory scrutiny, though analysts say there are many compelling strategic reasons for the combination.
Payments Dive
JULY 24, 2023
Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.
PYMNTS
AUGUST 4, 2020
Whether through accelerated supplier payment terms or the deployment of less traditional trade service solutions, businesses are finding it beneficial to keep liquidity flowing for themselves and their key partners. According to Fraser, that has a profound impact on these firms’ ability to support their partners.
Bank Innovation
FEBRUARY 10, 2020
Capital One is determined to turn its digital assistant Eno into an affable, personal finance watchdog to build loyalty between the brand and customers. Three years after Eno’s launch, the bank is adding capabilities that go beyond simple balance inquiries to proactive insights on customers’ spending behaviors.
PYMNTS
APRIL 9, 2020
With the coronavirus pandemic driving demand for financing by small companies, early payment volume is higher by 208 percent month over month per insights from Taulia. Taulia, for its part, said its unique value proposition lets suppliers of all different sizes become a part of the platform and get early payment.
PYMNTS
NOVEMBER 22, 2020
Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. The new fund, called Bain Capital Double Impact Fund II, was registered with the SEC on Aug.
PYMNTS
JULY 19, 2020
Users will be able to sell products, collect digital payments, handle supply chain management, and help with last-mile delivery. Equifund CFP CEO and Founder Jordan Gillissie said the capital raising is being done to help the industry come into the new digital age.
Independent Banker
AUGUST 31, 2022
Social payments methods like Venmo and Cash App continue to grow in popularity, and the data is there to prove it, creating an opportunity to give customers what they want: 24/7 access to cashless, P2P and mobile transactions. So how do social payments fit in community banks’ long-term future? Illustration by Filo/iStock.
Payments Dive
FEBRUARY 21, 2024
While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.
Payments Dive
DECEMBER 22, 2022
This year’s venture capital funding activity in payments paled in comparison to 2021’s record-setting year.
Payments Dive
FEBRUARY 23, 2024
The fee would apply if Discover chooses another buyer or if either board has a change of heart, but not if regulators block the deal.
PYMNTS
DECEMBER 6, 2020
Procurement Partners , which works on procure-to-pay (P2P) services for healthcare providers, has received an investment from Serent Capital , according to a press release. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.
PYMNTS
MARCH 6, 2020
A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS).
PYMNTS
NOVEMBER 10, 2020
Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Factors Affecting Working Capital Needs. Automating Capital Management.
Cisco
AUGUST 23, 2022
Since preserving capital will remain a top priority, decision makers will need to look for options that allow them to maintain or increase IT capabilities while keeping monthly spending to a minimum. In fact, according to IDC, payment over time is becoming increasingly popular among global businesses for these very reasons. Contact us!
Payments Dive
JUNE 1, 2022
As banks try to fend off competition from fintechs in merchant acquiring and processing, payments gateway NMI aims to capitalize by offering to bolster their services.
PYMNTS
JULY 23, 2020
Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. It will allow for constant visibility for receivables available for discounts, payment status and transaction history.
Bank Innovation
FEBRUARY 4, 2020
based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to small businesses in the U.S., Through the WorldPay Working Capital Solution, Liberis and Worldpay are able to reach small businesses that may find it difficult to get credit from […].
PYMNTS
MARCH 9, 2020
In an unusual move for a venture capital firm, Sequoia Capital has parted ways with a company over a conflict of interest, and in doing so, has given up $21 million, according to a report. The firm separated from Finix, a payments infrastructure company, Finix told its employees on Monday morning.
BankInovation
FEBRUARY 20, 2024
Capital One announced its plans to acquire Riverwoods, Ill.-based Capital One certainly has some good experience in the space. based Discover Financial Services and expects to spend $2.8 billion on integration costs, including tech conversion.
PYMNTS
JANUARY 11, 2021
Capital One has signed on to join Fiserv ’s surcharge-free MoneyPass ATM network. Under the deal , MoneyPass will be made available at over 1,500 Capital One ATMs at Capital One branches, Capital One Cafés and other select locations.
PYMNTS
DECEMBER 7, 2020
At a time when the pandemic has fueled a surge in creative corporate payment solutions, American Express has revamped its Early Pay supply chain solution to allow large companies and their suppliers to choose when they will pay or get paid. It's kind of an on-demand working capital solution,” he said. “If If you need it, you use it.
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