Banking giant JPMorgan Chase will look to invest more money in its credit card business, continuing a trend of technology initiatives focused on mobile in the mid-term while eyeing returning cash to shareholders. That will add to a cost structure that will increase, and yet...
The wind-down of earnings season may be under way, but within the payments space, earnings still had an impact sector-wide, with a few marquee names reporting results. Chief among earnings-related activity was Square, which saw nearly 20 percent gains on the heels of news that...
SoFi, an online finance company providing student loan refinancing, mortgages, personal loans and more, announced last week it has entered into an agreement for $500 million in Series F financing, led by Silver Lake, a private technology-investing firm. The latest round brings the company’s total...
The acting chairman of the Securities and Exchange Commission (SEC) has said that his agency should let more investors be designated as accredited so that they can take stakes in private firms, among them marquee names such as Lyft and Airbnb. The Wall Street Journal...
A mission-critical core technology provider for financial institutions, NYMBUS announced yesterday (Feb. 23) that the company secured $16 million in a venture capital funding round led by Home Credit Group. The most recent round comes just six months after another $12 million investment. “Tens of...
The subscription model has taken off across commerce categories in recent years. It’s a versatile business model being used by merchants across segments to both reach and keep consumers. But as the number of subscriptions increases, it’s becoming easier for consumers to forget what they’re...
New highs and new highs, and some more new highs. Where will it all end up, and when will the stock markets pull back? The when is impossible to guesstimate. The why may be easier to surmise. Yes, we all know the Dow Jones Industrial...
Insert your own car/road/looming accident analogy here, and then take a look at auto loans. While consumer confidence may be good, the stock market is at new highs and wages in general are up, there are some concerns bubbling up in this crucial sector of...
What a difference a week makes. Where the Investment Tracker logged anemic activity barely above the triple-digit level two weeks ago, in this past week PYMNTS saw a relatively staggering volume of fund flows. In the billions of dollars. Think several billions of dollars and,...
