PYMNTS
NOVEMBER 24, 2020
A Toast spokesperson told CNBC on Tuesday (Nov. Founded in 2011 by Aman Narang , Jonathan Grimm and Steve Fredette , the startup closed a $400 million funding round in February at a $4.9 The secondary offering gives Boston-headquartered Toast a valuation of about $8 billion, up from a $4.9 billion valuation pre-pandemic in February.
PYMNTS
NOVEMBER 19, 2020
David Nachman, chief executive officer of FastSpring , said in a statement on Thursday (Nov. Originally an eCommerce solution for companies selling desktop software, the company did a 2011 pivot into the SaaS space. 19) that the acquisition “supports our vision and strategy” as the startup works to advance its capabilities. .
PYMNTS
NOVEMBER 10, 2020
“The combined Bluefin/PAAY solution set is as close as we can get to a silver bullet in payment security for eCommerce transactions,” Ruston Miles , co-founder and chief strategy officer at Bluefin, said in a statement on Tuesday (Nov. Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites.
PYMNTS
NOVEMBER 16, 2018
Even with efforts to stem the decline in correspondent banking, The Financial Stability Board (FSB) noted on Friday (Nov. percent cumulatively from the beginning of 2011 to the conclusion of 2017. 16) that the practice still fell in popularity in 2017. Correspondent banking decreased by 4.1 At the same time, the practice fell by 15.5
PYMNTS
NOVEMBER 10, 2016
WSJ also pointed to data from the Business Employment Dynamics report, which was released Wednesday (Nov. It marks the lowest level since 2011, reported WSJ. It showed the number of establishments that have just started declined by 26,000 to 220,000 in the first quarter of this year.
PYMNTS
DECEMBER 1, 2017
Brick-and-mortar bulk retailer Costco Wholesale is reporting double-digit growth for the month of November, marking the 14th month in a row of increased sales, according to Thursday (Nov. The company also reported increases in online sales, up 39 percent overall and representing a 44 percent increase during the 12-week period ending Nov.
PYMNTS
JANUARY 7, 2020
percent in 2011 following the 2008 financial crisis. Overall retail sales from Nov. Reis pegged the mall vacancy rate at an all-time high of 9.7 percent, the most since recordkeeping started in 2000 when just 5.3 percent of shops were empty. Vacancies increased to 6.8 percent with the 2001 recession and hit 9.4 percent in Indianapolis.
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