Capital Cards Lending Utah 
PYMNTS
JULY 14, 2020
“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action.
PYMNTS
DECEMBER 19, 2018
San Francisco-based FinTech company Square, known for its white card readers, has once again decided to become a banking establishment, according to a report in The Wall Street Journal. The bank will be led by Lewis Goodwin, a former executive at Green Dot, and capitalized with $56 million from Square.
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PYMNTS
JUNE 28, 2019
Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5
PYMNTS
JUNE 13, 2017
Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. The bank will offer no other products and services.”. The bank will offer no other products and services.”.
PYMNTS
NOVEMBER 6, 2019
I think if you look at the economic environment,” Nayar noted, “you see the Fed is cutting the rate, but the banks aren’t cutting rates on credit cards, so the spread between credit card lending and personal loans has never been bigger.”.
PYMNTS
OCTOBER 17, 2017
All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits.
CB Insights
FEBRUARY 13, 2020
As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth.
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