Friday, 22 Feb 2019
Category: Business

Pinterest Files IPO

Amid a year when well-valued tech companies plan to list their shares, Pinterest has reportedly made a confidential filing with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). The social media company is reportedly looking for a $12 billion minimum valuation, The Wall Street Journal (WSJ) reported. According to unnamed sources […]

Cardtronics Same-Store Transactions Up 6 Pct In US

Cardtronics reported fourth-quarter results that topped expectations on the heels of what management noted was continued traction amid its U.S. ATM business, rebounding from the loss of key partner 7-Eleven. In terms of headline numbers, the company posted a top line of $327.9 million, which was down nearly 10 percent year over year, and which […]

Ant, Tencent, Xiaomi Seek Hong Kong Digital Banking Licenses

As Hong Kong gears up to roll out digital banking licenses, a few of the largest banks in the world are set to compete with online firms. The government plans to provide digital banking licenses to companies such as Ant Financial, Tencent, Xiaomi, ZhongAn, and Alibaba, The Financial Times reported. Only a few banks currently lead […]

DoorDash Raises $400M, Hits $7.1B Valuation

In a new funding round led by Dragoneer Investment Group and Temasek Holdings, DoorDash notched a $400 million investment at a valuation of $7.1 billion. Existing investors in the food delivery firm — SoftBank Vision Fund, Sequoia Capital and DST Global — also participated, CNBC reported. While the outlet said the news comes amid “impending” initial public offerings […]

SEC Initiates Danske Investigation

Amid the regulators looking into its Estonian money laundering scandal, the U.S. Securities and Exchange Commission (SEC) has reportedly initiated an investigation into Danske Bank. The financial firm said it was “co-operating” with the probe by the U.S. agency that has started along with a U.S. Department of Justice investigation, The Financial Times reported. Danske Bank interim […]

FDIC: Banks Pull In $237B In 2018

Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. 21) that the banking industry pulled in $237 billion in 2018. The agency’s Quarterly Banking Profile also noted that net income for the industry stood at $59 billion, Bloomberg reported. At the same time, interest income jumped by 8.1 […]

Digital IDs, Carrying Weight With A ‘Trusted Anchor’

Customer experience is the Holy Grail of commerce — especially for eCommerce. But the ease and speed that consumers demand when transacting online comes with risk, as merchants need to establish identity — in other words, being certain that customers are who they say they are — in a world where buyers and sellers may […]

Where Consumers Turn To Personalize Their Card Spending Experiences

Consumers are not only using their smartphones to text and talk, but to manage how they use their credit, debit and prepaid cards. Whether it’s keeping tabs on their dependents’ financial spending habits or managing payments from their mobile phones, consumers are turning to these mobile card services (MCS) to manage their day-to-day finances. In the […]

Alipay Will Charge Fees For Credit Card Repayments

Mobile payment company Alipay is going to start charging a fee of 0.1 percent to customers who use the service to decrease their credit card debt, according to a report in The Wall Street Journal. The move is an effort to handle increasing costs for the company. Alipay, which is based in China, has had to […]

Apple, Alipay Pair On Interest-Free iPhone Financing In China

In an attempt to increase iPhone sales in China, Apple has teamed up with Alipay to give potential buyers a more affordable avenue to buy the phones, according to a report in The Wall Street Journal. Apple is offering up to two years of interest-free financing and a monthly payment option of 24 months. To […]