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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

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. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. According to the Federal Reserve , U.S. That amounts to $13.2 trillion, up 18.5

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Why Aspiration Says Big Banks’ “Bad Decisions” Were Its Gain

PYMNTS

The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. They also questioned the move in light of the lift BoA received from last month’s federal legislation, which slashed taxes for corporations.

America 109
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The old borrow short, lend long strategy. When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. To fight inflation, the Fed raised rates aggressively (familiar?). Let those numbers sink in a bit.

FDIC 78
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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. CAN Capital, the small business online lender, has announced that its CEO is on a leave of absence.

Capital 100
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The 40 Fintech Graduates from Y Combinator (YC)

Fintech Labs Insights

Suddenly in 2010, the fintech number grew dramatically, average of more than 7 per year. Table: YC Fintech Companies by Year Class Total Companies # Fintech Companies % Fintech 2014 (half year) 56 5 9% 2013 83 9 9% 2012 117 8 7% 2011 89 7 8% 2010 61 6 10% 2009 39 1 3% 2008 43 1 2% 2007 32 2 6% 2006 17 0 0% 2005 8 1 13% Total 545 40 7.4%

Fintech 26
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Dynamic Duo

Independent Banker

appears at the ICBA Washington Policy Summit in 2010 to speak before community bankers visiting the nation’s capital to meet with their congressional representatives. The signature regulatory relief bill that garnered the most co-sponsors was the Community Lending Enhancement and Regulatory Relief Act (CLEAR Relief Act).