PYMNTS

NOVEMBER 2, 2020

Owning Kindred Systems of San Francisco and Haddington Dynamics of Las Vegas will help Ocado tackle “one of the world’s hardest challenges in robotics, the picking and packing of groceries,” the company said in a press release on Monday (Nov.

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TheGuardian

MARCH 16, 2023

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender Some of the US’s biggest banks are weighing a rescue bid for First Republic, a mid-sized bank whose shares have been pummeled amid a wider banking turmoil.

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TheGuardian

APRIL 25, 2023

Offices of Citibank in New York and Wells Fargo in San Francisco targeted by activists urging shareholders to act As they exited their office in Tribeca on Monday afternoon, Citibank employees were confronted with a boisterous crowd chanting and dancing along to the music of a mariachi band.

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PYMNTS

MARCH 5, 2020

In a new digital real estate game called Upland, players can buy virtual versions of properties in San Francisco, Cointelegraph reported. In other news, South Korea has ratified one of the inaugural comprehensive digital currency laws globally, according to TechCrunch. have to be authorized by us.”.

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PYMNTS

DECEMBER 2, 2020

The new license will allow PingPong to offer customers “a more flexible array of services,” the company said in a news release. The B2B company has offices in New York, San Francisco, Japan, Hong Kong and Hangzhou, China. PingPong says it has worked with 800,000 sellers across the globe, spanning 14 markets.

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PYMNTS

JUNE 7, 2020

People, after having been stuck in their homes for a few months, do want to get out of their houses; that’s really, really clear,” Airbnb CEO Brian Chesky told the news service. told the news service. The San Francisco-based home-share company is not alone in seeing bookings increase.

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PYMNTS

DECEMBER 1, 2019

In other news, Fidelity’s Center for Applied Technology (FCAT) announced the completion of trials involving a new digital token that will reward employees for performance and attendance.

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San Francisco cryptocurrency blockchain Bitcoin 182

TheGuardian

APRIL 25, 2023

Bank now faces tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities First Republic Bank’s shares closed down 50% on Tuesday, a day after the mid-sized US bank announced a dramatic slump in deposits.

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San Francisco Report US 98

PYMNTS

JANUARY 29, 2019

San Francisco-based Munchery announced in an email to customers last week that it was immediately shutting down. The news wasn’t a complete surprise since the company has been in trouble since last year. In May it laid off 257 employees, which came after it shut down service in Seattle, Los Angels, and New York.

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PYMNTS

SEPTEMBER 8, 2019

As a matter of policy, we do not provide comment on funding speculation until we have news to announce,” said Allison Van Houten, Getaround vice president of marketing, according to Yahoo Finance. A spokesperson from Getaround declined to confirm the round. “As

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PYMNTS

JUNE 11, 2019

The company’s other locations for the Go concept are mainly on the West Coast in places like San Francisco and Seattle. New York really fits … what we’re looking for,” said Amazon Vice President of Physical Stores Cameron Janes. It’s a great fit for us.”. It’s high density. lots of people on the go.

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PYMNTS

AUGUST 15, 2019

Monzo is “more nuanced than we were probably two or three years ago,” CEO Tom Blomfield told the news outlet. He added that jumping into more traditional lending “can get us a good way to profitability, if not even all the way.”. Monzo, valued at £2 billion, wants to take on higher-priced traditional lenders, the report said.

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Lending Los Angeles Digital Banking San Francisco 161

South State Correspondent

MAY 13, 2022

Treasuries are weaker this morning as some hawkish commentary late yesterday from Chair Powell and San Francisco Fed President Mary Daly reiterated the Fed’s commitment to squash inflation. That doesn’t seem to bode well for those of us hoping for a bottom in stocks to be found soon, like today would be good. gain in March.

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PYMNTS

AUGUST 21, 2020

Bloomberg News reported the San Francisco-based global financial services company has launched a long-term cost-cutting effort. Brian Kleinhanzl, an analyst at New York investment bank Keefe, Bruyette & Woods, told P&I job cuts would likely come in the company’s asset management division.

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PYMNTS

OCTOBER 5, 2020

“The combination with SIA should create significant value for shareholders,” analysts at Kepler Cheuvreux, the Paris-based financial services research company, wrote in a note to investors on Monday, Bloomberg News reported. the San Francisco-based financial services company. billion euros ($9.1 In January, Visa Inc.

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Company San Francisco Payments Fintech 151

TheGuardian

MARCH 20, 2023

The US bank may need to raise more funds despite a $30bn rescue last week Shares in First Republic Bank dropped more than 17% on Monday, after reports the San Francisco-based bank may need to raise more funds despite a $30bn (£24bn) rescue last week.

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San Francisco Regional US Report 69

PYMNTS

MAY 14, 2020

In separate news, PSCU will focus on growing its functionality in 2020 with additional options for mobile users, such as a new online card management tool and digital issuance.

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San Francisco California Industry Trends 131

PYMNTS

DECEMBER 14, 2018

“With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets. In other news, “blockchain developer” is the number-one position in LinkedIn’s 2018 U.S. Emerging Jobs Report.

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blockchain Bitcoin Report San Francisco 155

PYMNTS

OCTOBER 16, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. Revolut Likely To Apply For US Bank Charter. The FinTech is reportedly likely to seek a charter with California’s Division of Financial Institutions and the Federal Reserve Bank of San Francisco within the next few weeks.

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PYMNTS

APRIL 23, 2020

Stripe , the San Francisco digital payment platform popular with Shopify, Instacart and other major online retailers, announced major updates to its software on Thursday (April 23) that will connect users directly with Mastercard, Visa and the world’s other top credit card networks. billion this year.

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San Francisco Payments Cards Fraud 131

PYMNTS

FEBRUARY 21, 2019

While the news may not have come as a surprise, Munchery’s demise is nevertheless leaving its suppliers high and dry, according to reports Wednesday (Feb. Similar issues with late supplier payments have emerged following the bankruptcies of Sears as well as Toys R Us in recent months. 20) in Marketplace.

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San Francisco Capital Operations Report 122

PYMNTS

MAY 14, 2018

Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories include the latest on the Walmart – Flipkart deal, and the discovery of a new group of affluent consumers. Data: Uber Customers In Top 32 US Cities Spend ~$50 Per Month. Finally, we look at Uber spending habits.

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San Francisco Millennials Google US 100

PYMNTS

JUNE 10, 2020

In today’s top news, Uber Eats abandoned its ghost kitchens program, Klarna announced a rewards program, and a slew of financial service firms have gone public in recent weeks, demonstrating that the Great Digital Shift is upon us. Uber Eats Gets Out Of The Ghost Kitchen. Klarna Pushes Into Rewards Space With ‘Vibe’.

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San Francisco Payments Retail Fintech 130

PYMNTS

DECEMBER 7, 2018

Country Manager Lars Petersson said, “We recognize that we are in a rapidly changing retail environment, and to be fit for long-term growth, IKEA is transforming in a way that lets us meet our customers where they are.” He noted that New York was a “natural choice” as it is “the most vibrant, dynamic city in the US.”

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PYMNTS

AUGUST 29, 2019

In order for us to provide a full suite of services, we need to operate as a bank” in Singapore, said Goh. In other news, Constellation Network , a San Francisco-based technology and blockchain company, announced that it has signed a working contract with the United States Air Force ( USAF ).

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Bitcoin North Carolina blockchain San Francisco 101

PYMNTS

AUGUST 14, 2019

The company is also planning to roll out Shopify Chat to SMS and Android devices in the future, Shopify Product Director Michael Perry told the news outlet in an interview in San Francisco. That’s obviously a clear play for us, because what we’ve done with Business Chat.

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San Francisco Apple Online US 101

PYMNTS

MARCH 15, 2018

In a small town between Los Angeles and San Francisco called Kettleman City, a coffee shop, vending machines and advertising for Tesla products are included with its charging station. The news comes as Tesla is diversifying its business with car rentals of its luxury electric cars, industry news source Chain Store Age has reported.

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PYMNTS

DECEMBER 27, 2019

The company is based in San Francisco and operates in the Bay Area, Los Angeles, New York City, Seattle and Washington, D.C. Indeed, in early December, news broke that Zeus had raised $55 million in a series B funding round, according to a blog post by the company. Compliance is of absolute importance to us,” Taggar said.

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Los Angeles San Francisco New York City Trends 139

PYMNTS

JUNE 12, 2020

In today’s top news, the FBI warns users to beware of cyberattacks, and DoorDash is expected to receive new funding that will value the company at $15 billion. As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyberattacks. DoorDash Inc.

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Mobile Company San Francisco United States 130

PYMNTS

SEPTEMBER 14, 2018

As Dirty Lemon CEO Zak Normandin told AdWeek , “It’s a relatively low risk for us to be able to do something innovative and unique for the brand and with our customers.”. In May, Amazon said there are plans to also expand to Chicago and San Francisco.

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Branding Marketing San Francisco Seattle 139

PYMNTS

MARCH 8, 2019

But news late this week shows that success is not inevitable with bike- and scooter-sharing, and that progress, no matter how defined, often does not move in straight lines. Some of this recent bike news came from China, and it might stand as the most notable. Another bit of bike- and scooter-sharing news also broke late Friday.

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Let's Talk Payments

APRIL 26, 2017

Creating a faster and more secure bank payment experience SAN FRANCISCO, April 25, 2017 – Today, Plaid and Dwolla announced a new partnership to offer a fully tokenized ACH payment.

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San Francisco Payments Security US 77

PYMNTS

DECEMBER 5, 2016

Public transport riders in San Francisco got something of an early Christmas present last week – courtesy of a cybercriminal getting some coal in his stocking. San Francisco’s Muni public transit system was reportedly hit by a ransomware attack last weekend (Nov. Al Capone got his start running rum. See you next week.

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Let's Talk Payments

FEBRUARY 16, 2017

SAN FRANCISCO, February 15, 2017 – Today Xero (@Xero), the leading global cloud accounting platform, announced a deeper relationship with Silicon Valley Bank, the bank of the world’s most innovative.

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San Francisco Management Innovation US 67

PYMNTS

SEPTEMBER 15, 2020

Starbucks' "industry-leading digital platform will further differentiate us from the competition over time,” the CEO said at the time. That recent announcement was paired with news that the company is considering store layout changes that would create a separate counter geared toward mobile orders. “As Starbucks also reported its U.S.

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San Francisco New York City Mobile Seattle 153

PYMNTS

JUNE 14, 2019

The news never lets up at PYMNTS, and in case you missed some of our big stories, here is the latest edition of the Weekender. Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Stripe Makes Terminal Available Across The US.

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San Francisco Fraud United States Google 100

PYMNTS

JULY 26, 2019

We at PYMNTS hope you had a terrific week, and that you did not miss any big news from the worlds of payments and commerce. Uber is testing various discounts in different cities, including San Francisco and Chicago. What “Stranger Things” Teaches Us About Attacks on Big Tech. Uber Debuts Subscription Service Bundle.

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