PYMNTS

OCTOBER 5, 2020

Securities and Exchange Commission (SEC) charged John McAfee for allegedly touting investments in initial coin offerings (ICOs) to Twitter followers without saying that he received payment for doing so, according to a press release. The computer coder and businessperson’s bodyguard, Jimmy Watson Jr.,

Security 202

Security Bitcoin Capital Analytics 202

PYMNTS

JANUARY 25, 2021

Struggling movie theater chain AMC Entertainment Holdings has dodged bankruptcy by raising $917 million in new equity and debt capital, a move it says should allow it to stay in business “deep into 2021.”. AMC said it has been receiving new capital since mid-December. 25) press release. 25) press release.

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Capital America Meeting Company 233

PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. India-based Xtracap secured $1 million in angel funding, YourStory reported. Xtracap Fintech. Apollo Agriculture.

Capital 141

Capital Analytics Fintech Report 141

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.

Capital 188

Capital Policies Massachusetts Boston 188

PYMNTS

JANUARY 15, 2021

15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). According to a statement from FinCEN , Capital One admitted to failing to implement and maintain an effective anti-money laundering (AML) program.

Capital 268

Capital New Jersey Groups New York 268

PYMNTS

DECEMBER 29, 2020

Many CUs struggled to achieve such quick pivots, but those that had already invested in the necessary technologies and security infrastructures were able to make the shift. The CU tapped its security and technology divisions to receive the guidance and equipment to make this a reality. “We Digital Banking's Rise In The CU Space.

Capital 190

Capital Operations Mobile Innovation 190

PYMNTS

JANUARY 11, 2021

In today’s top digital-first banking news, British challenger bank Revolut is seeking a U.K. financial services license, while Capital One has agreed to join Fiserv’s surcharge-free MoneyPass ATM network. Plus, the Reserve Bank of New Zealand revealed on Sunday (Jan. Capital One Joins Fiserv’s MoneyPass ATM Network.

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ATM Capital Digital Banking National 145

Bank Innovation

DECEMBER 13, 2019

In this episode, Suman Bhattacharyya, senior editor, and Angely Mercado, associate editor, discuss the following news developments: Corporate card and financial product startup Brex’s marketing strategy; Inspired Capital’s recent investment in business banking platform Rho; and […].

Strategy 243

Strategy Branding Video Marketing Strategies 243

PYMNTS

JANUARY 12, 2021

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Capital 178

Capital Tools Lending Community 178

PYMNTS

JUNE 24, 2020

The news of the funding it had struggled for came days before its conditional banking license was set to expire. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Capital One was one of the earlier disrupters,” Janardana said. million) to become a challenger bank. based fund, and its U.K.

Security 215

Security Capital Cards Report 215

PYMNTS

DECEMBER 9, 2020

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Capital Float had provided 500,000 clients with $1.2 Capital Float had provided 500,000 clients with $1.2

Video 175

Video Capital Lending Security 175

PYMNTS

JANUARY 22, 2021

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.

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Security Fintech Capital Management 204

PYMNTS

JUNE 4, 2019

Sales enablement platform Highspot announced it has secured $60 million in Series D funding. ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures.

Capital 108

Capital Security Seattle User Experience 108

PYMNTS

JANUARY 8, 2021

In this week's news, we saw more rules and breaks for Paycheck Protection Program (PPP) loans in a second stimulus bill, a suit against Ripple Labs and new data on key checkout features. Securities and Exchange Commission (SEC) said digital tokens were improperly sold. The Weekender is here to catch you up. billion arrangement.

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Capital cryptocurrency Mobile Bitcoin 182

PYMNTS

SEPTEMBER 8, 2017

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. Apica said it will use the funds to expand across the U.S. The company raised $2.5 The company raised $2.5

Capital 162

Capital Software Lending Online 162

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.

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Capital Management System Examples 218

PYMNTS

JULY 31, 2020

In a venture capital slowdown, any investment round is a win. This week’s look at the latest funding for B2B FinTech and other startups showcases an investor appetite for security, data and business intelligence, with nearly $63.5 million in fresh investment for the industry. PYMNTS rounds up the latest deals below.

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Security Data Capital Utah 166

PYMNTS

NOVEMBER 13, 2020

has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans to venture capital-backed companies. . Getaround said it plans to use the loan proceeds for “general working capital purposes.” . It currently operates in some 300 U.S.

Security 168

Security Capital Mobile Technology 168

PYMNTS

AUGUST 1, 2019

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. While customers of Capital One’s commercial banking division were not affected, reports noted that small business customers were affected by the breach.

Capital 122

Capital Data Cards Seattle 122

PYMNTS

JULY 17, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. Robotic process automation (RPA) firm UiPath has raised $225 million in a Series E round led by Alkeon Capital Management. SBA: EIDL Emergency Grant Program Runs Out Of Money .

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Payments Maine United States Capital 202

PYMNTS

SEPTEMBER 15, 2020

Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. Bloomberg writes that they've now confidentially filed with the Securities and Exchanges Commission (SEC), according to unnamed sources. II, would be merging with property technology firm Opendoor.

Capital 150

Capital New York Trends Company 150

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.

Capital 194

Capital Payments Meeting Groups 194

PYMNTS

MAY 8, 2020

There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. But the biggest round of the week went to a challenger bank, which also secured unicorn status with its latest funding. BRI Ventures also joined as a new investor, the company noted. Hub Security.

Security 160

Security Fintech Capital Software 160

PYMNTS

APRIL 18, 2019

Cryptocurrency consortium Panxora is rolling out a new solution aimed at helping organizations preserve the funds they have raised through Initial Coin Offerings (ICOs). ” He added that a focus on hedging strategy can mitigate crypto volatility, and preserve the value of financing secured via ICO.

Capital 108

Capital cryptocurrency Boston Management 108

PYMNTS

AUGUST 29, 2019

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. Thompson’s indictment cites more than 30 victims, which includes Capital One.

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Capital Fraud Data Security 130

PYMNTS

JUNE 8, 2017

Mobile money messaging app Plynk has secured €25 million in a new venture capital funding round — one of the largest Series A funding rounds in Irish history. According to RTE , the new venture capital round was led by private investment trust Swiss Privée Ltd. ” .

Capital 108

Capital Mobile Security Examples 108

PYMNTS

JANUARY 29, 2021

In this week's news, we saw Quevos secure funding, new data on loyalty and rewards programs, and research on how nonprofits are using digital payments. Quevos recently secured an approximately $400,000 investment on the ABC TV reality show “ Shark Tank ” from the inventor of Kind Bars, Daniel Lubetzky.

Payments 139

Payments Apple Cards Security 139

PYMNTS

JULY 3, 2020

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. PYMNTS breaks down the companies that did manage to secure funding, below. With a combined $43.3

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Capital Fintech Security Operations 161

PYMNTS

AUGUST 16, 2019

Capital One employees raised red flags over security risks before the company suffered a massive data breach. She added that the cybersecurity unit’s total head count has risen over the past several years, explaining that “the Cyber Team is a net importer of talent within Capital One.”.

Security 168

Security Seattle Capital United States 168

PYMNTS

JANUARY 21, 2021

And enter Drip Capital , the middleman that serves as the financial grease that enables trade to flow, easing concerns of both buyers and suppliers. said Pushkar Mukewar , co-founder and CEO of Drip Capital in a conversation with PYMNTS’ Karen Webster. When you think of any cross-border transaction — let’s say an importer in the U.S.

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Capital US Data blockchain 259

PYMNTS

NOVEMBER 3, 2019

Capital One saw an outage on Friday (Nov. Capital One is experiencing a technical issue impacting customer money movement, including direct deposits, and the ability for some customers to access accounts. Capital One saw an outage on Friday (Nov. We greatly apologize for the inconvenience,” Capital One said in a tweet on Friday.

Capital 100

Capital Data cryptocurrency Software 100

Bank Innovation

OCTOBER 25, 2019

In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor, discuss the following news developments: Canadian venture firm Luge Capital’s approach to fintech investments; How banks are navigating Zelle’s UX as transaction volume grows; and […].

UX 170

UX Capital Fintech Video 170

PYMNTS

DECEMBER 11, 2020

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Capital One Halts BNPL Transactions On Its Credit Cards. to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions.

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Trends Fraud Millennials Community Bank 175

PYMNTS

DECEMBER 10, 2020

Phalen, along with Conferma Pay CEO Simon Barker , recently spoke with Karen Webster about what today's finance chiefs need in a B2B payment solution, and how mobile-based virtual card technology can address end-users' demand for an optimal experience while also meeting CFOs' new requirements. Balancing Consumerization With Security.

Security 266

Security Mobile Meeting Payments 266

PYMNTS

DECEMBER 18, 2020

But it was a Bellevue, Washington-based beauty and wellness industry enterprise software firm that secured the largest funding this week, coming in at $160 million. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. landed funding rounds. CloudTrucks.

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Capital Company Washington Resources 192

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.

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Security Capital Analytics Software 189

PYMNTS

NOVEMBER 27, 2020

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Firms are also prioritizing security as they transact online more heavily as well.

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Cards Security Tools Online 197