Lending

This Lending Company got its Investors 100 Times Return

Lending Club, a peer-to-peer loan specialist, recently witnessed a 55% bump in its stock price on market debut. The company has now achieved a valuation of around $9B. This is more than what the company had expected during its IPO. Founded in 2007, Lending Club provides an online forum to bring...

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Payments

PayNearMe doing some Good for the Unbanked and Underbanked

The Federal Department of Health and Human Services (HHS) is turning to Silicon Valley to reach out to consumers more effectively. HHS is partnering with electronic cash payments company PayNearMe. The intention is to reach out to unbanked and underbanked consumers for the Open Enrollment season as part of the...

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Payments

Spindle Partners with Clear2there to Offer its Yowza!! Platform Solutions to Telecom Providers

Clear2there is a provider of advanced video surveillance, smart-home, smart-business & smart-farm applications, and M2M solutions for service providers & enterprises. Spindle, one of the leading providers of mobile commerce solutions, is offering its Yowza!! POS point-of-sale and Yowza!! Offers mobile marketing solutions to Clear2there's network of communications service providers....

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Authentication & Security

Interactive Payment Cards, an Innovative Offering by MasterCard

MasterCard is collaborating with Dynamics Inc to bring a commercial initiative to drive innovation in the interactive payment card market. The collaboration would enable MasterCard to offer Dynamics products to its issuers globally. The interactive payment cards, developed by Dynamics Inc, would bring consumers added choice, flexibility and security at...

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BankTech

Europe is Witnessing Massive Investments in Payments Companies

Payments companies in Europe are raising massive funds from venture capitalists in light of digital technologies and transition in consumer behaviour. Payments and transaction processing companies in Europe raised $418 Mn through 26 in nine months to September this year, according to data provider Dow Jones VentureSource. This is seven...

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