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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

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NXTsoft Names Chuck Diulus as Chief Revenue Officer

Bobsguide

Diulus, a graduate of The Pennsylvania State University, has over 30 years’ experience in EFT, banking and Fintech industries. I look forward to working with all facets of the organization to capitalize on their momentum in the space and to continue to grow the company with great success,” he said. About NXTsoft.

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Fashion Retailer rue21 Strikes Deal To Retire Debt

PYMNTS

Today is an exciting day, as we've accomplished our goal of putting rue21 on a secure financial footing in the most unprecedented of times," rue21 Chief Financial Officer Michele Pascoe said in an announcement. Pennsylvania-based rue21 runs more than 673 retail locations in 45 states and online at rue21.com.

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Holiday Season Brings Corporate Payments Fraud Spike

PYMNTS

The holidays are unfortunately one of the busiest times of the year for fraudsters looking to capitalize on the surge of shopping and payments activity. Thirty-three percent of the 450 North American professionals surveyed said they are concerned about fraud, while more than one-quarter cited concerns over data security in particular.

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Where will banks get their next dollar of capital?

Jeff For Banks

First, FIs experienced pressure in their investment portfolios, purchasing Fannie Mae preferred''s and other FIs trust preferred securities. Many banks had to replenish lost capital. Absent or in concurrence with government-injected capital, FIs sought fresh capital. But retail investors were nowhere to be found.

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Memorial Day: Remember Irv Earhart

Jeff For Banks

Although Luzon was secured by March, Japanese forces continued to battle until the war's end, and even afterward. Irv hailed from Elizabethtown, Pennsylvania. Baguio, the pre-war summer capital of the Philippines, was Yamashita's headquarters. The human toll of Luzon was significant.

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Privacy Concerns Spark Fresh Moves In Digital World

PYMNTS

According to Linh Le, founder and CEO of IoT healthcare company Bonbouton , which offers a connected shoe insole to help diabetic users track their foot health, simple data security isn’t the end of the story for the healthcare industry. There also needs to be a mutual trust between the company and the customer. trillion by 2022.

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