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Affirm Submits Draft To SEC For IPO

PYMNTS

The company was founded in 2012 and has since been partnered with companies including Walmart and Expedia Group. Max Levchin , founder and CEO of Affirm, said at the time that it is important to help businesses get on board with the rising trend of online shopping. It was valued at $2.9

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Intuit Inks Deal To Purchase Order Management Provider TradeGecko

PYMNTS

Intuit , maker of QuickBooks, has inked a deal to purchase inventory and order management technology provider TradeGecko. QuickBooks Online (QBO) customers will be able to complete tasks such as rolling out and handing products throughout different digital and offline sales channels through the integration. “The

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Mom And Pop Pharmacies Dwindle Amid Competition

PYMNTS

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. PillPack , the online pharmacy, was acquired by Amazon for $1 billion and is another contender for prescription dollars, PYMNTS reported.

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Bank Branch Closings Take Toll On Rural Communities 

PYMNTS

lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures, according to research from the Federal Reserve released on Monday (Nov. People in lower-income regions or with aging populations are also slower to gravitate toward online and mobile banking. More than half of the 3,114 counties in the U.S.

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Stop Working on Your App Immediately

Bank Innovation

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

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FinTech Affirm Raises $500M In Latest Funding Round

PYMNTS

The privately-held FinTech was founded in 2012 as an installment loan provider for shoppers to finance a purchase. Other returning investors included Lightspeed Venture Partners, Wellington Management Co., Baillie Gifford, Spark Capital, Founders Fund and Fidelity Management & Research Co. million U.S.

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New Class Action Lawsuit Alleges Plaid Violated User Privacy

PYMNTS

The California-based financial services company, founded in 2012, works to build products to power digital finance and FinTech issues through its own data transfer network. The payments giant also participated in a funding round in 2018 that helped value Plaid at $2.6 billion, PYMNTS reported.