Author: Sarim Pixako

Progetto Banca Idea (PPI), an Italian challenger set up by two banking veterans, has landed €45 million in a funding round, BeBeez reports. CEO Federico Sforza According ilgiornaleditalia.it, this is the largest first round of funding ever landed by an Italian fintech start-up. Backers include Generali Group, Sella Group, IFIS Group, and ISA, among others. … Continue reading PBI lands €45m & acquires salary-backed loans business Continue Reading →

As the pandemic continues to disrupt everyday life the world over, consumers might want refunds on things they have already paid for but may not be able to use. Sports teams, in one case, are offering to provide reimbursements or credits to season ticket holders. Tennessee Titans season ticket members will be able to choose … Continue reading Coronavirus Refunds: Tennessee Titans Plan To Offer Reimbursement, Credit Options Continue Reading →

Online grocery sales growth continued in June as the pandemic continued to shape the way people shopped for necessities like food, according to a new survey by Brick Meets Click. In the last 30 days, the survey found that the number of online sales grew over 9 percent, hitting a record of $7.2 billion. That’s up … Continue reading US Online Grocery Sales Hit $7.2B In June Continue Reading →

ChannelMeter, a San Francisco-based software company, has landed a $4 million seed round to create a banking service for content creators, Talking Influence reports. This month, the start-up will launch its new service ‘Creator Cash’. The banking suite will include a cash savings accounts and a credit card, as well as an earnings scheme based … Continue reading ChannelMeter raises $4m for content creator banking service Continue Reading →

In today’s top news, Uber has agreed to buy Postmates for $2.6 billion in stock, and Amazon is planning to expand its Amazon Go grocery stores in several cities. Plus, it’s been revealed that Wirecard’s business has been losing cash for years. Uber-Postmates Deal Shows Food Delivery Is Consolidating Like Pac-Man Uber Technologies agreed on … Continue reading Today In Payments: Uber To Buy Postmates; Amazon Plans To Expand Grocery Stores Across US Continue Reading →

The CEOs of Amazon, Apple, Facebook and Google parent Alphabet will all appear before Congress this month as part of a governmental probe into their companies, Reuters reported, citing a statement from the House Judiciary Antitrust Subcommittee. House Judiciary Panel Chair Jerrold Nadler and Antitrust Subcommittee Chairman David Cicilline said it is “essential” that the CEOs give testimony. They’ll all be allowed to give statements virtually, Reuters said. So that … Continue reading Big Tech CEOs Head To Washington On July 27 To Testify In Antitrust Probe Continue Reading →

New York City restaurant patrons who were hoping to dine in on Monday (July 6) as the city enters the next phase of its reopening will have to wait. New York Gov. Andrew Cuomo has postponed meals served in dining rooms as he updated New Yorkers on the state’s progress during the ongoing COVID-19 pandemic. “New … Continue reading New York Puts Indoor Dining In On Hold Continue Reading →

Starling Bank has applied for another £35 million from the Banking Competition Remedies (BCR), Yahoo Finance reports. The UK challenger bank was awarded £100 million last year by the EU-backed competition fund. It has applied for two separate grants, worth £25 million and £35 million respectively. The grants would come out of a new pool … Continue reading Starling Bank applies for £35m grant from BCR Continue Reading →

The COVID-19 pandemic has hit public transportation usage all over the world, with New York and London seeing ridership fall by 90 percent or more. Consumers sheltering in place and under lockdown don’t need it, and even people who do have places to go are worried about catching coronavirus. Fernando Souza, vice president at payments platform CyberSource, a Visa solution, … Continue reading From Why To How Fast: Getting Contactless Payments Up To Speed In Public Transportation Continue Reading →

The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the largest one-week drop since the start of the program, reported CNBC. On the other hand, the number of those in the forbearance program is still high, encompassing 4.58 million homeowners, as … Continue reading Number Of Homeowners In Mortgage Bailout Program Drops By 104K Continue Reading →