Remove Cards Remove Management Remove Online Remove San Francisco
article thumbnail

US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

PYMNTS

billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. In theory, the system could eventually allow consumers to bypass credit cards and transfer money directly from their bank accounts to a merchant’s account. 5) to block its planned $5.3

US 343
article thumbnail

Wells Fargo Unveils New Account With Digital Payment Capabilities

PYMNTS

1) rolled out a new, no-overdraft-fee banking account aimed at consumers new to banking or who want help managing their expenses, with access as well to Zelle, a digital payments service. The account also comes with access to Wells Fargo’s mobile banking app, its online banking platform, as well as online bill paying, the bank said.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bento for Business Sets Big Goals with $9 Million in Funding

Bank Innovation

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

article thumbnail

12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

article thumbnail

FinTech Affirm Raises $500M In Latest Funding Round

PYMNTS

Affirm , a San Francisco-based point-of-sale (POS), buy now, pay later (BNPL) lender, announced a $500 million series G round of funding Thursday (Sept. and Canadian consumers an alternative to traditional credit cards. Other returning investors included Lightspeed Venture Partners, Wellington Management Co., million U.S.

article thumbnail

Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

article thumbnail

Uber Cash Onboard With Flutterwave In Africa

PYMNTS

Flutterwave, based in San Francisco and Nigeria, has been on a roll since it pulled in $35 million last year in venture funding, including from Worldpay. In April, Flutterwave launched an online portal that will enable African businesses to set up online shops. At the heart of Flutterwave is its online payments business.