Finance

Apple’s iMessage-based mobile payments service won’t be arriving tomorrow in iOS 11

Apple’s upcoming iMessage-based mobile payments service, powered by Apple Pay, won’t arrive tomorrow with the release of the new operating system for Apple’s mobile devices, iOS 11.

Equifax security and information executives are stepping down

Top executives at Equifax are retiring effective immediately, according to the WSJ. Susan Mauldin was the company's chief security officer and David Webb was the chief information officer. The repor

Equity podcast: SoFi loses its CEO, big rounds for unicorns, and will this VC buy the iPhone X?

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CashShield raises $5.5 million to prevent credit card fraud

Over $10 billion is wasted every year due to fraudulent e-commerce charges and that number is growing. This is not only costly and time-consuming for the businesses, but also the credit card companies

SEC shows support for ICOs that are not obviously securities

The SEC appears to have taken very thoughtful action on two crypto projects to date. Nay-sayers are predicting the end, while proponents of crypto dismiss the actions. Here's a quick analysis of what

Social Capital to take startups public without an IPO

Silicon Valley venture firm Social Capital just completed the first step in its mission to take startups public without an IPO. The team has listed something called a special purchase acquisition comp

Costanoa Ventures raises $175 million fund

Costanoa Ventures has raised a $175 million fund, the third fund for the Palo Alto-based venture firm. With a focus on enterprise technology, Costanoa Ventures typically invests at seed stage and Seri

Apple slides through its iPhone X event without any major surprises for Wall Street

We’ve noted before that Apple tends to follow a pretty consistent trend: the company has a big iPhone event, and the stock price doesn’t really do all that much because everyone knows what

Equifax says that it will waive credit freeze fees for 30 days

In response to public outrage over its ongoing bungled response, Equifax stated on Twitter that it will waive credit freeze fees for 30 days. With so much personal data running around out there in the

Venmo is offering users an (ugly) physical debit card

After Square unveiled a free debit card that would be tied to their Square Cash App, it was only a matter of time until we saw Venmo do something similar. TechCrunch has learned that Venmo is inviting

Equifax stock tumbles 14% after credit score hack

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Bitcoin price drops following report that China is going to shut down local exchanges

Another day, another crash and another Chinese ban. This time, as Reuters spotted, a single report from financial news site Caixin is saying that the Chinese government is considering banning cryptocu

Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the U.S. banking industry a foothold i

Equifax execs dumped stock before the hack news went public

In today's edition of unfettered corporate greed, we bring you the Equifax managers who apparently sold almost $1.8 million in stock after the company became aware that it had a big problem on its han

Okta has a great earnings day on the back of strong international growth

Okta kept its beat-streak alive today with a healthy earnings report. On the back of international growth and a healthy services business, Okta beat revenue expectations by nine percent and managed to

Square will apply for an industrial loan company license this week

There’s been a lot of questions about whether or not Square aspires to become a bank. Now that speculation can be laid to rest. Square will file an application to become an industrial loan company (

Yext touts 38% revenue growth as it adds retail locations to search

Yext, the company that powers retail location search results, reported its earnings after the bell on Wednesday, its second report since going public in April. The company showed that for the quarter

Cryptocurrencies have already recovered from last weekend’s crash

When cryptocurrency markets crashed 20% a few days ago, I wrote “the next day or so will tell us if this was a temporary bump in the road or the start of the next major correction.” Well h

Cryptocurrencies have crashed 20% in two days

The cryptocurrency correction may have started. After months of unprecedented appreciation, almost every digital currency is seeing double digit losses over the last 48 hours. While a quick glance at

SoFi responds to sexual harassment and wage lawsuits

Last month a SoFi senior operations manager filed a lawsuit saying he was wrongfully terminated for reporting sexual harassment, as well as for outing managers who he claims improperly recorded loans.
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