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Will an OCC, FDIC Charter Help Varo Money Become the First National Mobile Bank?

Bank Innovation

Want a national bank that’s mobile-only? Varo applied for a banking charter from the Federal Deposit Insurance Corporation (FDIC), as well as for a charter from the Office of the Comptroller of the Currenc, in the hopes of forming “Varo Bank,” the mobile banking startup announced today. So does Varo Money.

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City National Bank, Extend Team On Virtual Corporate Cards

PYMNTS

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. With Extend, City National is the first issuer in the U.S. Replacing them is much easier than replacing plastic cards.

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Today In How We Eat: National Cheeseburger Day, Fraud Free Pizza

PYMNTS

Today in the changing world of how we eat, Blaze Pizza finds ways to fight friendly fraud and quick-service restaurants (QSRs) digitally delight for National Cheeseburger Day. McDonald's Burger King And Other QSRs Celebrate National Cheeseburger Day With App-Based Discounts. How Blaze Pizza Fires Up Friendly Fraud Defenses.

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National Bank of Australia Adds Google Pay

Bank Innovation

National Australia Bank (NAB) today added Google Pay to its roster of mobile payments services. NAB customers can now use Google Pay to make contactless payments. On its digital payment services, NAB currently has NAB Pay, which works on Android devices, NAB PayTag for iOS devices, Samsung Pay, Fitbit, and Garmin wearables.

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Transactions: Summit National Bank selects Malauzai’s Mobile Banking

BankInovation

million Summit National Bank, located in Hulett, Wyo., is one of four financial institutions (FIs) that recently chose Malauzai’s SmartApps Mobile Banking platform, according to an FI Navigator report provided to Bank Automation News. The other FIs include: $17.4 million Citizens First Credit Union, based in Big Spring, Texas; $47.8

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Varo Money Raises $45M To Become ‘A National Bank’

Bank Innovation

Startup Varo Money has raised $45 million for its plans to become a full-fledged, “national bank,” the startup announced yesterday. Varo, a mobile banking startup that provides an FDIC-insured bank […].

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Malaysia's Mobile Money, Bangladesh's bKash Team With Ripple On eWallet Remittances

PYMNTS

Blockchain-based global payments provider Ripple announced it has entered into an arrangement under which Malaysian mobile wallet provider Mobile Money, and bKash , a provider of mobile financial services to more than 45 million people in Bangladesh, will conduct transactions through the RippleNet network.

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