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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. Burton, the founder of a record label in Arkansas, got $78. bank profits are expected to sink. About 300 SMBs Received Less Than $99 In PPP. 11) announcement.

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Tuition, Digital Disbursements And The Paper Chase

PYMNTS

The punchline isn’t all that funny, actually, as 21st century college lending remains mired in paper checks and legacy disbursement systems. Other innovative programs are loading tuition refunds directly onto mobile card accounts. At present, 36 universities are participating in one mobile tuition payments program.

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Data Dive: Walking The Walk Edition

PYMNTS

On Thursday morning, news broke that the nation’s largest retailer is suing its longtime credit card issuer, alleging breach of contract. District Court of the Western District of Arkansas on Thursday (Nov. About 33 percent of Capital One’s domestic card balances are owed by consumers who are considered sub-prime.

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Mobilizing Student Loan Disbursements

PYMNTS

Some lenders are turning to reloadable debit cards and other disbursement tools to both provide more direct loan fund access and retain greater transparency. Others are looking to additional solutions to solve student lending problems. New and innovative disbursement methods are bringing change to the industry, though.

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June’s Top 12 Mobile Pay Moments

PYMNTS

While Apple Pay also recently launched in Singapore, Samsung Pay joins the region with its signature niche: the MST tech that makes Samsung Pay usable at virtually anywhere merchant credit cards are accepted. Anyone who loaded a gift card onto the CurrentC wallet and didn’t hold onto that gift card will lose that balance after June 28.

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Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Fintech Labs Insights

Prepaid debit card. Accelerator: VC Fintech Accelerator (Little Rock, Arkansas). Tags: SMB, merchants, payments, point-of-sale, mobile, credit/debit card aquiring. HQ: San Francisco, California. Source: Crunchbase , WSJ. Payments technology. Latest round: $24 million. Total raised: $40.5 HQ: Kefar Sava, Israel. Source: Finovate.