Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial. Waters, D-Calif., said Wednesday (Feb. 21) that she is “deeply opposed” to the deal, citing concerns about the concentration of economic power in the hands of megabanks, Reuters...
“In the world of payments,” Schalk Nolte, CEO of Entersekt, said to PYMNTS, authentications for internet-based commerce and mobile banking “have not been connected at all.” A consumer can, with that fragmentation, have a multiyear relationship with a bank, but when it comes time to...
Panera Brands, the casual dining group owned by investment group JAB, has confidentially filed paperwork for an initial public offering (IPO) in the U.S., according to sources familiar with the matter. The Missouri-based group is planning to go public in 2024, signaling a potential revival...
Squarespace has announced its financial results for the third quarter, showcasing growth in bookings and revenue. The company, known for its design-driven platform that helps entrepreneurs build brands and businesses online, reported total bookings of $267 million, representing an 18% increase compared to the same...
December 12, 2023
“In the world of payments,” Schalk Nolte, CEO of Entersekt, said to PYMNTS, authentications for internet-based commerce and mobile banking “have not been connected at all.” A consumer can, with that fragmentation, have a multiyear relationship with a bank, but when it comes time to complete an eCommerce transaction, “They don’t know who you are. […]
July 31, 2023
In March 2023, Arthur Stark, the former president of Bed Bath & Beyond (BBBY), discussed the company’s revival of its coupon strategy called the “big blue” approach. The tactic involved sending 20%...
July 27, 2023
The build vs. buy debate is a perennial one in technology, and in payments. For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to...
September 13, 2021
As crypto and digital currencies take shape — where bitcoin, blockchain, CBDCs and stablecoins jostle against one another for pre-eminence — there needs to be the proverbial adult in the...
July 17, 2024
Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately. The bank said this in a press release announcing a $265 billion community benefits plan that it developed in partnership […]
February 21, 2024
Democrat Congresswoman Maxine Waters has called on banking regulators to block the $35.3 billion planned acquisition of Discover Financial by Capital One Financial. Waters, D-Calif., said Wednesday (Feb. 21) that she is “deeply opposed” to the...
December 01, 2023
Panera Brands, the casual dining group owned by investment group JAB, has confidentially filed paperwork for an initial public offering (IPO) in the U.S., according to sources familiar with the...
November 07, 2023
Squarespace has announced its financial results for the third quarter, showcasing growth in bookings and revenue. The company, known for its design-driven platform that helps entrepreneurs build brands and businesses...
