SAN FRANCISCO - (01/27/06) Biometric payments provider PayBy Touch announced Thursday it raised $60 million in new financingfrom several hedge funds and private investors. The company raisedthe new capital through the sale of preferred shares to hedge fundsPlainfield Asset Management and Scout Capital, and privateinvestors Quince Associates and Global Trust Partners, amongothers. Pay By Touch has been using $130 million it raised inSeptember to help finance several recent acquisitions, includingCardSystems Solutions, BioPay LLC, Capture Resource, 7th StreetSoftware and Convena LLC.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3