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Open banking company Nuapay is extending its open banking payments services to Pay360, a payment service provider used for public sector payments by 60% of local authorities in the United Kingdom as well as private sector clients. With this contract, Nuapay, which is the open banking business of EML, will...
When talking about crypto’s use in real estate, most people think about buying and selling property with bitcoins or tokenizing and fractionalizing property titles via digital assets or NFTs. But there’s another big part of the business where it fits a need: Escrow accounts in the home buying process.
Voyager Digital will sell its assets to cryptocurrency exchange FTX for $1.4 billion, the struggling crypto lender announced late Monday (Sept. 26). The sale came “after multiple rounds of bidding in a highly competitive auction process that lasted two weeks,” according to a press release. PYMNTS had reported...
Berlin-based Grover, which operates a consumer technology subscription platform, has agreed to a new 270-million-euro (about $260 million) debt financing facility with international asset manager M&G. Grover runs a subscription model that allows people to rent consumer electronics, including computers, smartphones, games consoles and eScooters. The company will use the...
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U.K. cryptocurrency exchange Gemini has formed a partnership with digital investment advisor Betterment to offer crypto investment portfolios. According to a Tuesday (Sept. 27) Gemini blog post, the offering will let customers invest “in curated crypto portfolios constructed from digital assets listed on the Gemini Exchange,” with Gemini serving as Betterment’s crypto custodian.
It was the caper of the century: a minuscule New Jersey deli not only became a publicly traded entity but mysteriously grew to have a market value north of $100 million. Now, three men are being charged with illegally pumping up the company’s stock, with the goal of dumping their shares and absconding with the profits. They never even had the chance to pocket their ill-gotten bread.
Nord Stream pipeline ‘damaged beyond repair crippling £35billion project FOREVER’ after huge blasts triggered earthquake
NORD STREAM is feared to have been damaged beyond repair and left crippled indefinitely after it was torn open by a series of explosions. German officials reportedly believe the project - estimated to be worth around £35billion - may never be fully operational again. It is feared the key...
$1,800 could hit Pennsylvania residents' bank accountsPepi Stojanovski/Unsplash. Disclaimer: This article is for informational and educational purposes only. Stimulus payment worth $1,800 could hit eligible Pennsylvania state residents' bank accounts. This payment somehow relieves residents who're suffering from this inflation.
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Milan-based payment technology firm Nexi announced it would increase profits more than markets expected over the next three years and generate around 2.8 billion euros ($2.7 billion) in excess cash. Unveiling a strategic growth plan that was well-received by the stock market, the firm said in a Tuesday (Sept. 27)...
In the bid to change financial services, to broaden financial inclusion, the promise of challenger banks was that they’d upend the way financial products could be designed and could come to market. But the challengers have some challenges of their own, as Mike Cagney, CEO of Figure Technologies, told Karen Webster.
Digital payment provider Strike, which is built on the Bitcoin Lightning Network, has raised $80 million in a Series B funding round, which it will use to grow, expand existing partnerships and launch new partnerships. Strike provides both businesses and consumers with the ability to get cheaper, faster, global payments,...
Today in B2B payments, Bank of America’s CashPro App adds a way to sign in without manually entering password credentials. Plus, German venture capital firm Point Nine raises about $173 million to support B2B marketplaces and software-as-a-service (SaaS) startups. Companies that use Bank of America’s CashPro digital banking platform...
Today in Crypto: California Targets 11 Firms for Alleged Securities Violations; FTX.US President Brett Harrison Steps Down to Advisory Role
In a speech at a conference on finance tokenization, François Villeroy de Galhau, governor of the Banque de France, said the bank is working on a series of CBDC projects. He said two of them will focus on boosting cross-border payments through work on interoperability between CBDCs, such as a liquidity management tool based on decentralized finance technology. A third will help use central bank money as a safe settlement asset for tokenized securities.
U.S. Bank has created a position to help it use blockchain to improve efficiencies in its capital markets business. According to a Tuesday (Sept. 27) news release, the bank has named Citi veteran Milena Kohlhofer to fill that role, capitalizing on her experience leading digital assets initiatives and strategic investments for the Citi Markets business.
Personal finance company SoFi has debuted "On the Money," a digital content hub that lets members stay on top of their finances. As the company said in a news release Tuesday (Sept. 27), the platform will offer news, trends and tips, offering members and nonmembers a place to keep abreast of economic and market news that affect their finances, along with "unbiased, actionable information."
Technology, and the great digital shift, have made it easier for firms of all sizes, across all verticals, to tap new markets. But as B2B transforms and suppliers and buyers connect in new time zones and pay one another in a range of currencies, the stark reality of soaring interest rates means that technology also needs to fill another need: helping companies, especially smaller ones, grapple with rapidly changing foreign exchange rates.
In the September edition of the Expanding Payments Choice Playbook series, PYMNTS discusses the importance of end-to-end digital car buying, a mode of auto sales in which not only can consumers buy their automobiles online, but they can also access financing, rewards schemes and receive disbursements digitally. Get the report:...
To get a sense of where we are right now in the omnichannel evolution, it pays to have a holistic view — a global view, in fact. As recounted in “The 2022 Global Digital Shopping Index,” a collaboration between PYMNTS and Visa’s Cybersource, more than 3,100 consumers and 3,100 merchants across Australia, Brazil, Mexico, the United Arab Emirates, the United Kingdom and the United States recounted the ways in which the lines in commerce have truly blurred.