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Capital One Sees Domestic Card Purchase Volumes Surge 11 Pct

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Amid the spate of financial institutions reporting results that show increased traction in consumer spending — especially across credit cards — add Capital One Financial to the list. He said “there will be a growing front book, which will be the originations that we will do under this new partnership.”.

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Goldman Sachs To Pay $2.5B For General Motors' Credit Card Business

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Goldman Sachs has beat out competitor Barclays to buy General Motors (GM)'s credit card business, according to a report from The Wall Street Journal (WSJ). In their pitches to GM, both Goldman and Barclays promoted the idea of cars as eCommerce portals, a notion supported by auto makers and card networks like Visa and Mastercard.

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Brex Rolls Out Corporate Card For eCommerce Cos

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Commercial card company Brex is rolling out a new card product designed to meet the specific needs of eCommerce businesses, the firm said in a press release Tuesday (Feb. When Brex first launched its initial commercial card solution last year, the company targeted technology startups. “Brex sees the world differently.

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VC Firm Brings Partnership Model To Amazon Sellers

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billion in revenue it booked during the second quarter of 2020. In short, it’s a world where access to capital and legal advice is welcome. In mid-August, the company announced that it will infuse $100 million in capital into the Amazon seller system, along with legal and marketing advice.

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Today In Payments: Railsbank Closes $37M Funding Deal; Google Critics Demand Prompt Antitrust Enforcement

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banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. The funding is being earmarked to launch credit cards-as-a-service in the U.S. UK BaaS Railsbank Closes $37M Funding Deal To Support Growth. and elsewhere as the BaaS platform grows its global footprint.

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FinTech Brex Teams With JetBlue On Rewards Points Transfer

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Silicon Valley credit card startup Brex has begun a points transfer partnership for its rewards program with JetBlue Airways , Brex announced in a press release on Tuesday (Sept. The program reinforces Brex’s airline transfer platform, which is offered alongside travel booking and statement credit. . 24, 2019, and Oct. 24, 2019. .

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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

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We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Bank Is Doing to Drive Virtual Card Adoption. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

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