Capital markets

Prometheum wants to win the SEC’s approval of its own token offering, paving the way for others shortly afterward.

If Freddie Mac's credit-risk transfer activities continue to grow, mortgage lenders could eventually see a reduction in the guarantee fees they pay to the government-sponsored enterprise, according to CEO Donald Layton.

Square has come a long way since it debuted in 2009 with a simple plastic card reader for micro-merchants. But it didn't make its journey alone.

A 20% increase in lending, largely to players in the tech industry, helped the California company offset a one-time loss tied to an investment in the streaming company Roku.

In one of the biggest fundraising rounds for a European fintech this year, Revolut Ltd., a U.K. startup that provides digital banking, received $250 million.

Ant Financial Services Group has formed a strategic partnership with bKash Limited, the mobile payments platform Bangladesh’s central bank established to expand financial inclusion.

AssetMark Trust plans to offer a product for the $1 billion in cash it holds for clients.

The regional bank's net income rose 37% thanks to those factors and others.

Sapphire Ventures and Cervin Ventures were involved in the Series B funding round, bringing their total of support to $31 million for Mountain View, Calif.-based Punchh.

Tech-focused private equity firm Francisco Partners is leading a take-private deal of Verifone Systems Inc., a world leader in payment and commerce solutions.

The U.K. government has committed to a 5G Urban Connected Communities Project for a city-wide trial of 5G wireless technology as part of the fourth phase of the government’s 5G strategy. This trial should spark substantial investment in new payments technology.

Companies that aspire to be the Uber of their industry should take a second look at the ride-sharing market, where Grab has become a lightning rod of payments investment and innovation.

Alibaba is investing billions into mobile ordering technology in China — but what is more fundamentally American than spending large amounts of money on food?

The funding round comes on the heels of what BitPay cited as a record year in 2017 in processing more than $1 billion in bitcoin payments.

Midigator, which markets software to help e-commerce merchants manage payment card chargebacks, has received $30 million in funding from private equity firm LLR Partners to further develop the product.

A startup called Spring Labs has launched a blockchain network with the goal of getting lenders and data providers to share data to help verify customers' identity.

Just two months after going all-in on crypto, venture firm Full Tilt Capital LLC has been acquired by a hedge fund looking to make a big bet on blockchain.

The team that founded marketplace lender Avant Inc. raised about $15 million to start a firm that will use blockchain technology and digital tokens to motivate companies to share data about customer identities and credit worthiness.

Bank stocks just took a huge beating. The KBW Bank Index plunged 8 percent this week, its worst showing since January 2016.

With 1.3 billion people who are mostly unbanked in an economy where 85% to 95% of all transactions are still conducted in cash, few other markets have such an opportunity to modernize payments.