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Marqeta Expanding Overseas, Sets Up Shop In The UK

PYMNTS

financial technology startup backed by Goldman Sachs , is expanding overseas. We have invested an enormous amount of resources in tech and operations, and have been quietly building a presence there,” Gardner said. than the startups operating out of the U.S. Marqeta , a U.S. as the first European country to enter.

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MyPayrollHR Founder Faces $70M Fraud Charge

PYMNTS

20), Mann began borrowing “large sums of money” starting around 2010. The NYC-based financial technology company DailyPay has created a $25,000 fund to pay for overdraft and/or late fees for MyPayrollHR employees, up to $100 per employee. The company handled payroll for roughly 1,000 businesses across the United States.

Fraud 133
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Phillips 66 Partners With WEX For Exclusive Multi-Year Private Label Extension 

PYMNTS

WEX and Phillips 66 have partnered since 2010, the release said, to develop a sales and marketing program that depends on new payment technologies for fleet customers. WEX focuses on delivering financial technology services across multiple industries including fleet, travel and healthcare.

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FinTech Firms On The New FinTech Charter

PYMNTS

Office of the Comptroller of the Currency (OCC) to allow FinTech companies to operate in all states, according to the same standards as banks — a move that would require the office to issue special charters to those younger payment and financial technology firms. Additionally, the report calls upon the U.S.

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Money-Inspired Music And Why Hip Hop Tops The Charts

PYMNTS

Cash App, a smartphone-based money transfer service operated by financial technology company Square Inc., By 2010, the stakes had changed exponentially, as demonstrated by the Travis McCoy track (featuring Bruno Mars) called “ Billionaire.” The August pages of The Wall Street Journal have taken notice.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.

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Fighting Digital with Digital

Independent Banker

The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financial technology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010.