CVS begins to accept Venmo and PayPal QR code payments
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This week, pharmacy retailer CVS announced that customers can use Venmo and PayPal QR codes on their phones to pay for goods at stores.
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Fintech News Stories
PNC to buy BBVA’s US operations for $11.6B
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PNC Bank plans to buy Spanish bank BBVA’s U.S. operations in an all-cash deal valued at $11.6B. The deal will create the fifth-largest U.S. bank by assets.
Read MorePayability partners with marketplace Newegg on working capital offering
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New York City-based fintech Payability is adding electronics marketplace Newegg to its list of e-commerce partners through an offering called Newegg Capital.
Read MoreTwitter to invest $100M in fund that offers loans to the underserved
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Twitter and the Opportunity Finance Network announced the creation of the Finance Justice Fund, which aims to bring $1B in capital from corporate and philanthropic donors to underserved individuals and communities.
Read MoreBitPay launches corporate crypto disbursements for workers and vendors
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Atlanta-based bitcoin payment service provider BitPay has launched BitPay Send, which lets companies make crypto disbursements to pay employees, affiliates, customers, vendors, contractors, and others.
Read MoreInvesting app Bumped launches to the public with Series A investment
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Bumped, a Portland, Ore.-based investment app, launched after years in a controlled beta. The app partners with brands to offer consumers fractional share rewards after making purchases.
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India opens antitrust investigation into Google Pay
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India’s antitrust body opened an investigation into the Google Pay app, alleging it was abusing its market position and forcing developers to use it. India’s probe comes weeks after the U.S. Department of Justice (DOJ) filed an antitrust suit against Google for alleged illegal monopolization of the search and ad markets.
Read MoreSchwab expands client options for charitable giving
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Schwab Charitable, the wealth management firm’s provider of donor-advised funds, launched new features to enhance client access to charitable giving, including a socially responsible fixed income pool, and the elimination of minimums on initial and subsequent contributions to donor-advised fund accounts.
Read MoreCoverHound acquired by insurance broker Brown & Brown
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Digital insurance marketplace CoverHound was acquired by Brown & Brown for undisclosed terms, the companies announced on Monday, November 9.
Read MorePablo Escobar’s brother is suing Klarna in the US, with hopes to scuttle its expansion
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Sifted reports that a company run by the brother of deceased Colombian drug lord Pablo Escobar is suing point-of-sale lender Klarna for millions.
Read MoreDOJ files antitrust lawsuit challenging Visa’s efforts to acquire Plaid
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The Department of Justice (DOJ) filed an antitrust lawsuit in California challenging Visa’s planned acquisition of data aggregator Plaid.
Read MoreInvestors and banks focus on conversational AI amid pandemic restrictions
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There are major bets being made on the future of automation and financial services, as shown by a $25M Series B investment in startup Ushur, which helps insurers automate interactions with customers, and a partnership between Santander UK and Personetics that will support a digital money management platform offered by the bank.
Read MoreElection uncertainty leaves industry at a crossroads
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The future of several critical financial industry issues hangs in the balance with the lack of a clear U.S. election result.
Read MoreInsurtech Cover Genius expands network through deal with logistics solutions provider
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Cover Genius, a New York-based insurtech that focuses on covering e-commerce consumers, entered into a partnership with logistics solutions provider Descartes Systems Group.
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