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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Louis and Dayton, Ohio.

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New Greenlight Financial Round Pushes Valuation Past $1.2B

PYMNTS

My wife and I trust Greenlight to give us the modern tools to teach our children how to manage money,” said Gardiner Garrard, founding partner at TTV Capital, a prior investor that co-led the latest round. “Greenlight’s rapid growth is a testament to the value they bring to millions of parents and kids every day.

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Fiserv Adds clearXchange P2P Payments to its Offerings

Fintech Labs Insights

clearXchange was created in 2011 by Bank of America, Capital One, JP Morgan Chase, U.S. Fiserv is one of the newest distribution partners for the service, along with Mastercard , which announced this week that its Mastercard Send U.S. For now, the Atlanta-based company made it clear it will offer both services.