Tagged: us

September 11, 2022 @ 5:12 pm By Omar Faridi  |  

DailyPay, a financial technology company, recently announced the launch of Friday, a  general purpose reloadable (GPR) prepaid card and app, which “unlocks instant no-fee on-demand pay transfers for DailyPay users.” Friday, created in partnership with Visa, the digital payments giant, and The Bancorp Bank, Member… Read More

September 10, 2022 @ 3:06 pm By Omar Faridi  |  

Card Curator, an app that informs rewards credit cardholders on how to earn the most out of their purchases without spending more, and U.S. investment and financial education app Invstr, have partnered “to help Invstr users make sharper decisions on their daily card spending with… Read More

September 9, 2022 @ 7:55 am By Omar Faridi  |  

In the past five years, consumers and businesses, small and large, have sent more than five billion Zelle payments, “totaling nearly $1.5 trillion,” according to Early Warning Services, LLC, the network operator of Zelle. Zelle users have “leveraged the convenience and security of Zelle to gift… Read More

September 6, 2022 @ 8:16 am By Omar Faridi  |  

Easy4Cloud, which conducts operations in Italy, the United Kingdom, Spain and the US, digitizing different business areas and simplifying their management, has selected Fabrick to expand its offer and introduce BancheinCloud, a Business Intelligence platform for the aggregated management of Current Accounts through which personal,… Read More

September 5, 2022 @ 2:17 am By Omar Faridi  |  

After months of investments tumbling in a downward trend, July seemed “to mark a positive turning point for global markets,” according to an update from PensionBee. In fact, China was “the only leading stock market to fall in value.” This brief rebound had “created speculation… Read More

September 4, 2022 @ 11:05 pm By Omar Faridi  |  

Autobooks, the Detroit-based small business payment and accounting services platform that’s reportedly used by over 1,000 financial institutions, recently announced that it has been named to Inc. magazine’s Inc. 5000 list for 2022 — landing at No. 258 overall, and #2 in Michigan. The Inc…. Read More

September 4, 2022 @ 6:10 pm By Omar Faridi  |  

Novant Health, which claims to be one of the largest healthcare systems in the Southeast, has significantly improved its patient financial experience by partnering with Cedar, an enterprise healthcare engagement platform that “improves the end-to-end consumer financial journey.” By investing in Cedar Pay, Cedar’s post-visit… Read More

September 4, 2022 @ 11:26 am By Omar Faridi  |  

Landa, a real estate investing company, announced a $25 million Series A funding round, “bringing their total equity raised to $33 million with the inclusion of a previously raised $8 million seed round.” The company has also “raised $62 million in debt financing.” Through a… Read More

September 3, 2022 @ 3:26 pm By Omar Faridi  |  

Fairmarkit, the automated sourcing platform that is transforming the procurement of goods and services for enterprises, announced a $35.6 million Series C investment, “bringing its total funding to date to $78 million.” The investment round was “led by OMERS Growth Equity with participation from investors… Read More

September 3, 2022 @ 10:35 am By Omar Faridi  |  

The Federal Trade Commission (FTC) has taken action against credit services company Credit Karma for “deploying dark patterns to misrepresent that consumers were ‘pre-approved’ for credit card offers.” The FTC alleges that the company “used claims that consumers were ‘pre-approved’ and had ‘90% odds’ to… Read More

September 2, 2022 @ 2:30 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the financial technology platform of “choice” for leading businesses,  announced that Pet Supplies Plus, the franchisor and operator of pet-specialty stores in North America, has selected the platform “to power its payments online and in-store for its approximate 230 corporate locations and… Read More

September 1, 2022 @ 1:10 pm By Omar Faridi  |  

The Federal Reserve has reportedly changed the timing of the introduction of its real-time payments solution, called FedNow, to the middle of 2023. The US Federal Reserve is aiming for a full-scale production rollout of the new payments service for somewhere between May and July… Read More

September 1, 2022 @ 7:27 am By Omar Faridi  |  

Caju Benefícios, a flexible benefits management platform, announced it has secured a $25 million Series B round led by K1 Investment Management, a Los Angeles-headquartered investment company focused on “high-growth” B2B software businesses. With the capital injection, the firm intends to enhance the efficiency of… Read More

August 31, 2022 @ 9:43 pm By Omar Faridi  |  

Discover (NYSE: DFS) announced its new Advanced Analytics Resource Center (AARC) and welcomed its first cohort of 75 employees at its downtown Chicago Office called the 606. The launch of the AARC@606 “advances Discover’s investment in technology and analytics as well as its commitment to… Read More

August 31, 2022 @ 10:00 am By Omar Faridi  |  

The FBI [Federal Bureau of Investigation] is warning investors that cybercriminals are “increasingly exploiting vulnerabilities in decentralized finance (DeFi) platforms to steal cryptocurrency, causing investors to lose money.” The FBI has “observed cybercriminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors’… Read More

August 30, 2022 @ 6:14 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology with a growing presence in New Jersey, is reportedly partnering with Rutgers University-Newark “to create and fund a new program designed to drive diversity and innovation within the financial technology field.” The… Read More

August 30, 2022 @ 2:42 pm By Omar Faridi  |  

As the demand for cross-border payments continues to grow, Brightwell, an Atlanta-based global payments technology company, announced the availability of ReadyRemit. This comprehensive remittance engine “enables Fintechs to capitalize on the digital payments market quickly and easily, building a new revenue stream and driving customer… Read More

August 29, 2022 @ 11:27 pm By Omar Faridi  |  

FitzRoy Investment Advisors is a multi-family office based in Miami, Florida. Addepar is an independent firm that “provides investment advice to high-net-worth families and individuals.” Nicole Sager of FitzRoy Investment Advisors notes that her favorite Addepar feature is their intuitive search tool, which “makes things… Read More

August 26, 2022 @ 8:27 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) clients are increasingly relying on the company’s digital solutions to manage their finances. Clients logged into the company’s digital platforms “nearly 1 billion times in July, the highest month ever.” This follows “a record 2.8 billion digital logins in the… Read More

August 26, 2022 @ 3:50 pm By Omar Faridi  |  

GiveCard, a nonprofit organization that uses financial technology to power direct giving to the most vulnerable communities, has partnered with Highnote, which claims to be the world’s most modern card issuance platform, “to launch a new prepaid debit card program.” This enables shelters, non-profits, and… Read More