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Canapi VC Firm Commits $545M To Boost FinTech Startups

PYMNTS

Among the investors is a collective called Canapi Alliance, which is made up of more than 35 banks and investors looking to strategically put stakes down in the FinTech field. The alliance includes 11 of the top 50 banks and 23 of the top 100 banks in the U.S., as measured by asset size.

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Mastercard Gets Nod To Join China’s $27T Payments Market

PYMNTS

China’s central bank gave Mastercard the go-ahead on Tuesday (Feb. 11) to set up a bank card clearing business, granting access to a $27 trillion payments market, according to reports. . The central bank said Mastercard and its partner, NetsUnion Clearing Corp. billion bank cards in circulation were debit cards.

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Analyst Insights: Two Banks that Deliver to Shareholders

Jeff For Banks

And this most recent string by bank analyst Perry Weinstein is one of them that I thought should not be lost to a tweet stream. billion bank from Moline, IL, and CF Bancshares, Inc. billion bank from Columbus, OH are very valuable. Launched its equipment finance group - 11/2020 3. In 2018, started its LIHTC lending line.

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When will the hurting stop? Given low housing supply, home prices have been increasing even as interest rates rise

TrustBank

According to Bankrate.com, the 30-year national mortgage rate has increased 344 basis points to 6.67% as of 11/30/2022 (from 3.23% a year ago). While elevated, this recent 30-year mortgage rate is a slight improvement from the 12-month high of 7.35% observed on 11/3/2022. a year ago). 3.49% Down Payment (20%) $ 71,640.00 $ 74,140.00

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Moving To Safeguard PII, Bit By Byte And Chip by Chip

PYMNTS

Breaches may seem like a daily part of life in the information age, but as Intel noted in a recent whitepaper titled “Beyond PCI Compliance: Protecting Consumer Data and Brand Reputation,” the data targeted by cyberthieves and at risk is changing. And just as they are not well-protected, those data points are also hard to change.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. A Couple of Important Dots.

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When B2B Payments Innovation Is All Talk, No Action

PYMNTS

“Toward the end of this year, we started to see more of a shift in investment toward the B2B side,” said Reetika Grewal, Silicon Valley Bank’s head of payments strategy and solutions. That’s one trend we’ll see a lot more of [in 2018].” “There’s big money being thrown into the B2B space.