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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. Office of the Comptroller of the Currency for its application for a national bank charter. SoFi was valued at $4.8

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24 Big European Banks Take On Visa, Mastercard With Their Own Payment System

PYMNTS

A so-called “scheme manager” will be the central governing body, the online news service reported. In 2011, PYMNTS reported on the Monnet Project , where two dozen European banks from seven countries considered starting a new European card system. This is not the first time that European banks have tried such a model.

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China’s Recommerce Market Heats Up

PYMNTS

The recommerce trend is sweeping not just the nation, but perhaps the world. Alibaba initially launched Xianyu in 2011 under a different name, and it received its current moniker in 2014. Despite the fact that these two players carry 90 percent of the market, that may not last forever. Small Players May Make Gains.

Marketing 100
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Payment Method Trends: Canada Edition

PYMNTS

Canadian national payments provider Payments Canada just released its Canadian Payment Methods and Trends report for the past year. The report compares, among other things, the relative distribution of payments methods for the nation of over 35 million between 2011 and 2015. Online is up? trillion ($6.59 Of those 20.9

Trends 100
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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

The increase during what has been a volatile time for financial markets tells a “tale of two cities,” he told the network on Wednesday (May 27), as COVID-19 has wreaked economic havoc in addition to its health toll. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials. It will be available to U.S.

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Mastermind Behind BTC-e Virtual Currency Exchange Arrested In Greece

PYMNTS

Since 2011, the 38-year-old has been running a criminal organization which administers one of the most important websites of electronic crime in the world.”. Reuters cited police as saying $4 billion or more in virtual currency had been laundered through the platform since 2011, which was the year it was founded.

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FI Highlight: National Police Credit Union

Banking 2020

Jim Bedinger, COO of Chicago Patrolmen’s Credit Union and CEO of National Police Credit Union , shares how he’s working towards reaching a targeted audience and community – police members and their families. In a few sentences could you please tell us a bit more about National Police Credit Union?