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Square Capital Loan Volume Grows 68% YoY, Replacing Need for a Credit Card

Bank Innovation

Mobile payments company Square grew its gross payment volume 34% over last year, and its loans through Square Capital were up twice that — 68%. billion in payments in the fourth quarter of 2016, compared with $10.2 The San Francisco-based company processed $13.7 billion in the same quarter last year. Read More.

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2016 Innovators to Watch: 44 Executives Shaping the Future of Banking

Bank Innovation

Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit.

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Capital One Offers Free Business Credit Reports

PYMNTS

Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers. businesses to check their credit profiles.

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Payability Arms eCommerce Sellers With Corporate Cards

PYMNTS

Payability, a company focused on linking sellers on eCommerce platforms to financing options, is adding a corporate card product to its range of solutions. 13) that its Payability Seller Visa Card is now available to eCommerce sellers. The company announced in a press release issued Thursday (Sept.

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In 2019, Mobilize The Commercial Card: JPMorgan

PYMNTS

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P.

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Treasurers’ Appetite For Mobile Tools Grows, Finds Capital One

PYMNTS

The latest survey by Capital One suggests treasurers still have an appetite for new tools and technologies. Capital One’s Treasury Management Services published its latest survey at the Association of Financial Professionals’ annual conference, held last month.

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What Hit — And Missed — In 2016

PYMNTS

As for firms that sizzled in 2016, how about bank stocks, which helped propel U.S. The incoming Trump administration also is gunning for a rollback of many parts of Dodd-Frank, which should also free up capital on banks’ books. At the latter, HEI Hotels got hit and inadvertently gave up credit card and other financial data.

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