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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The experience of the mall CMBS [commercial mortgage-backed security] from Starwood is certainly symptomatic of the larger narrative,” said Christopher Sullivan, chief investment officer of United Nations Federal Credit Union, as reported in Yahoo! But apparently they’re doing something right in Philadelphia.

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Wells Fargo Loses Contract With City Of Philadelphia

PYMNTS

Wells Fargo is trying to move beyond its fake account scandal, but that’s not happening at least in the city of Philadelphia, where the embattled bank lost a big government contract. Officials in the city of Philadelphia said the move to switch payroll providers wasn’t due directly to the scandal, although it did play some role. “We

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Republic First got a hand up from investors. Is it out of the woods?

American Banker

A $35 million capital bump from a once-hostile investor group may have helped the Philadelphia bank avoid collapse. Still, it reported $30 million of quarterly operating losses and heavy securities risk in a recently filed call report.

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Prosecutors Target Loosely-Regulated Business Lending Sector

PYMNTS

One business owners said he felt as if he were dealing with an entity almost like “a gangster operation.”.

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Email Fraudsters Take Advantage Of Coronavirus Opportunity

PYMNTS

It’s too soon to tell how the coronavirus crisis will impact corporates’ financial and payment operations, but while analysts continue to raise the alert about consumer payments fraud, the risk of B2B payments fraud persists, particularly as more employees work from home. Payroll Professionals Inc. Payroll Professionals Inc.

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NY Uber Drivers To Strike Ahead Of IPO

PYMNTS

Reuters reported strikes are scheduled in San Francisco, Chicago, Los Angeles, San Diego, Philadelphia and Washington D.C. Drivers are striking to demand job security, livable wages and a cap in terms of the amount the ride-hailing companies can take from the fares. Drivers in New York aren’t the only ones planning to strike.

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U.S. Government Wants To Use Blockchain To Help In Disaster Relief

PYMNTS

During a recent meeting of the Troop Support division of the Defense Logistics Agency (DLA) in Philadelphia, hosted by the Troop Support’s Continuous Process Improvement (CPI) office, CPI management analyst Elijah Londo talked about what blockchain could bring to the table. The potential is absolutely enormous,” Londo said.