Feed Items
Vine Financial said Monday (June 16) that it secured seed funding for its commercial lending accelerator platform for banks and credit unions.
[contact-form-7]
The platform brings together all the tools needed by lenders and uses artificial intelligence (AI) tools to make commercial lending faster, more accurate and more auditable, the company said in a Monday press release.
With the...
Visa has teamed with eTip, a digital tipping platform for the hospitality and service industries.
[contact-form-7]
The collaboration is designed to help deliver funds directly to participating digital wallets in real time, the companies said in a Monday (June 16) news release.
This will let service industry professionals quickly send funds to apps such as Venmo and PayPal without...
Cryptocurrency platform Tron is reportedly preparing to go public in the U.S.
[contact-form-7]
That’s according to a report Monday (June 16) by the Financial Times (FT), which noted that the plans come four months after U.S. regulators agreed to halt a fraud probe into several companies run by Tron’s Justin Sun.
The report, citing two sources briefed on the matter, said Tron will go...
Debit rewards programs had seemingly gone the way of the dodo.
[contact-form-7]
The Durbin Amendment, contained in the 2010 Dodd-Frank Act, capped fees on debit card payments, which set in motion a ripple effect that led to banks’ elimination of many of those programs. As noted here, those programs were slashed by as much as 50% immediately after the legislation took effect.
But the...
FinTech startup Ramp has reportedly been valued at $16 billion in a funding round, about three months after it was valued at $13 billion in a secondary share sale.
[contact-form-7]
The company raised $200 million in the round, Bloomberg reported Friday (June 13), citing unnamed sources.
Ramp did not immediately reply to PYMNTS’ request for comment.
When announcing the secondary share...
The Trump family has reportedly licensed its name to a mobile service and smartphone.
[contact-form-7]
Trump Mobile, which includes a phone that sells for $499, marks the latest deal forged by the president’s family to capitalize on his name while in office, Reuters reported Monday (June 16).
According to the report, the new venture will operate in conjunction with one of the three main...
Autobooks has added access to flexible funding for small- to medium-sized businesses (SMBs) to its platform by partnering with Fundbox.
[contact-form-7]
This collaboration brings together Fundbox’s embedded capital infrastructure for small businesses and Autobooks’ platform that provides receivables, payables, accounting and cash flow management tools integrated within financial...
PayPal says it has developed a way to turn online ads into merchant storefronts.
[contact-form-7]
“Storefront Ads” uses PayPal’s transaction graph and payment rails to turn “recommended products into ‘buy now’ opportunities within the ad unit itself,” the company said in its announcement Monday (July 16).
“Merchants of all sizes are faced with fewer and fewer consumers going directly to...
LemFi has acquired Pillar to support its development of specialized credit services and cards to designed specifically for immigrants, starting with those in the U.K.
[contact-form-7]
This acquisition adds Pillar’s proprietary credit scoring technology, Financial Conduct Authority (FCA) credit license and track record of growth to LemFi’s financial services platform for immigrants that...
Samsung is reportedly developing a hub for patients to share health data with their doctors.
[contact-form-7]
That’s according to a report Monday (June 16) from Bloomberg News, which noted that the project is designed to help people remember the guidance their healthcare providers offered during appointments.
Samsung health executive Dr. Hon Pak said the tech giant is at work on tools...