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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. Banks and bursars’ offices are doing their part to tamp down America’s ballooning college debt crisis … by disbursing tuition monies painfully slowly.

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Mobilizing Student Loan Disbursements

PYMNTS

Others are looking to additional solutions to solve student lending problems. Paper checks and legacy disbursement methods aren’t just plagued by lack of transparency and speed, Crawford noted, but are often less secure than mobile disbursements or other payment methods. colleges and universities, for example.

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Lending Club Reports Growth in Revenues, Originations for Q2 2015

Fintech Labs Insights

Lending Club provided investors with plenty to think about in its Q2 2015 earnings conference call this week. Here are a few of the highlights from a second quarter that saw Lending Club reach $11.2 Cash, cash equivalents, and securities available for sale totaling $888 million. billion in total originations. Milestones.

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June’s Top 12 Mobile Pay Moments

PYMNTS

On June 9, JPMorgan Chase recently announced that it secured a multi-year deal with Shell to accept Chase Pay at all of its gas stations. Now, as part of its new deal with Shell, it appears Chase is on its way to securing more support for its mobile wallet service that’s likely to be launched into market soon. ” RIP CurrentC.

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Top 5 Total Return to Shareholders: #3 ESB Financial Corporation

Jeff For Banks

Last post was dedicated to the #4 Bank, Bank of the Ozarks of Little Rock, Arkansas (see post here ). ESB does traditional mortgage lending, with some commercial real estate too, funded by retail deposits with a heavy dose of CDs. Please do not claim to invest in any security based on what you read here. Need I say more?

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

Fintech Labs Insights

Accelerator: VC Fintech Accelerator (Little Rock, Arkansas). Tags: Consumer, lending, credit, underwriting, crowdfunding, peer-to-peer loan marketplace, investing, P2P. Source: Crunchbase , WSJ. Payments technology. Latest round: $24 million. Total raised: $40.5 HQ: Kefar Sava, Israel. Source: Finovate. Net Element. Mobile payments.