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Uber Price Spike Revealed In Chicago

PYMNTS

Although ride-hailing companies like Uber and Lyft strive to keep pricing strategies secret, a Chicago law requires the disclosure of fare data, Reuters reported on Tuesday (Nov. The price hikes primarily apply to Chicago’s low-income neighborhoods, where there is a higher demand for carpool rides.

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KeyBank expands commercial banking to Chicago and Southern California

American Banker

The Cleveland-based bank now has commercial lending teams in both markets, including a team it recently hired away from Huntington Bancshares.

Chicago 81
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U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

Chicago 170
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Dozens Of Car2go Mercedes Stolen In Chicago Area

PYMNTS

Daimler’s car-sharing service car2go was shut down temporarily Thursday (April 18) in Chicago after a slew of Mercedes-Benz cars were stolen by using the app. The Chicago Police Department confirmed the theft and said the investigation was continuing. With that investment, car2go’s valuation increased to $341 million.

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Billtrust Expands Presence In Chicago

PYMNTS

Accounts receivable automation firm Billtrust announced that it is expanding its presence in Chicago. The new space will hold employees in marketing, sales, and business development. Chicago has been an incredible host to Billtrust, and we are thrilled to be growing our team there,” Billtrust CEO Flint Lane said in the announcement.

Chicago 100
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Uber Freight To Invest $200M To Set Up Shop In Chicago

PYMNTS

Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers.

Chicago 109
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Visa, OpenTable partner on dining perks program

Payments Dive

The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.