article thumbnail

Bitcoin Daily: SEC Freezes Crypto Firm?s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA

PYMNTS

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. The defendant in the case is Utah resident Daniel F. Putnam, whose businesses — MMT Distributions and R&D Global — and associates — Angel A.

article thumbnail

Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Neil Saunders, managing director of retail at GlobalData, said Amazon is smart to secure former retail spaces, and that landlords are open to grocery stores because they help drive foot traffic. Sources told Yahoo!

Insiders

Sign Up for our Newsletter

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

article thumbnail

California DFPI announces consent order with auto title loan servicer that was subject of “true Lender” investigation

CFPB Monitor

Last week, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a consent order with Wheels Financial Group, LLC d/b/a LoanMart, a California-based company that markets and services automobile title loans. LoanMart holds a CFL license.

article thumbnail

Galileo To Power Dave Banking App

PYMNTS

Achieving the security and peace of mind that comes with financial independence should be attainable for everyone," said Galileo CEO Clay Wilkes in the release. Galileo, headquartered in Salt Lake City, Utah, supports a variety of payment solutions.

Utah 143
article thumbnail

Subscription Business Models Lead B2B VC Funding

PYMNTS

But it was one startup, which helps other businesses launch their own subscription service offerings, that secured the largest round of the week, perhaps reflecting the rising tide of companies looking to shift business models amid market uncertainty. FundingXchange.

San Jose 226
article thumbnail

Report: Digital ID’s Role In Boosting Trust In The Sharing Economy

PYMNTS

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud.

Report 206
article thumbnail

Podium Lands $125M To Expand Contactless Payments Over Messaging

PYMNTS

Headquartered in Lehi, Utah, the company offers a variety of messaging solutions that help local companies connect with their neighborhood customers. “Podium is unique in the fact that its market comprises almost every local business that we as consumers interact with on a daily basis. IVP, Accel, Summit Partners and GV.

Payments 166