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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. California-based automaker Tesla is one company that has witnessed the merits of offering 2FA for its car owners.

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SMB Financing Fuels Week Of B2B Venture Capital

PYMNTS

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. In addition to invoice finance, the company offers SMBs a range of other solutions, including order management and online payments tools. CCRManager.

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Digital Payments, Online Ordering And Memberships Top This Week’s News

PYMNTS

We have deep dives on digital payments, online ordering and memberships. Digital payment options at the brick-and-mortar point of sale (POS) are now a must for a number of shoppers, with 60 percent noting that they would be more willing to transact in shops if merchants let them pay via digital payment technologies.

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Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches $12 Million In Funding

PYMNTS

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. X1 Card Raises $12 Million In Funding Round Led By Spark Capital.

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This Black River Ventures-Backed Online Lending Platform Raised $105M To Expand Its Product Portfolio

CB Insights

Upgrade , an online lending platform, has raised $105M in a Series E. The round drew participation from Black River Ventures, Ventura Capital, and Koch Disruptive Technologies. California-based Upgrade focuses on providing consumers with affordable and ethical credit. HOW’S THE COMPANY PERFORMING?

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Target Aims To Purchase Delivery Startup Deliv

PYMNTS

As Target eyes boosting its same-day delivery services, the company is negotiating to purchase portions of California startup Deliv Inc., Valued at $190 million two years ago, Deliv has raised $85 million in venture capital since its founding in 2012, according to PitchBook Data Inc. CNBC reported. Macy’s Inc., Mercato Inc.,

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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. ” As investors and startups remain on-edge about exactly how this will play out, only a few B2B technology startups announced their own investments this week.

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