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Anand Talwar of Ally Bank Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE – Anand Talwar, deposits and consumer strategy executive at Ally Bank has joined the speaker faculty for Bank Innovation 2018, taking place next week March 5 to 6 in San Francisco. He also is responsible for.Read More.

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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. This action reflects a lack of understanding of Plaid’s business and the highly competitive payments landscape in which Visa operates.”. 5) to block its planned $5.3

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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

Josh Harris , co-founder of Apollo Global Management , said the SPAC trend is not a flash in the pan. Michael served as chief business officer at the San Francisco-based ridesharing giant where he led the merger of Uber with Didi Chuxing Technology , a Beijing ridesharing company, according to the report.

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Postmates Raises $100M As Online Food Delivery Heats Up

PYMNTS

But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and toward restaurant operators in order to thrive in a crowded marketplace. It raised $250 million last year in a growth round co-led by Coatue Management and DST Global.

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Stripe Hires AWS Exec For CRO Position

PYMNTS

Stripe , the San Francisco-based company which works to build economic online infrastructure, announced in a press release that Mike Clayville , a 36-year sales veteran of companies like Amazon Web Service (AWS), VMware and BEA Systems, would be joining to help grow the company’s global sales organization.

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Car Talk: Shift Announces Plans To Go Public

PYMNTS

revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in the third quarter via a complicated reverse merger arrangement. IAC will change its name to Shift as the transaction proceeds and the Shift management team of CEO and Co-Founder George Arison and Co-CEO Toby Russell will stay in place. “We

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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.