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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. As such, operating accounts have low-interest rate sensitivity.

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This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations

CB Insights

The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank. Want the full post?

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Workday Acquires Contractor & Vendor Management System VNDLY For $510M In Cash

CB Insights

Workday , a provider of human capital management, payroll, and financial management solutions, has acquired VNDLY , a contractor and vendor management system, for $510M in cash. VNDLY: Ohio-based VNDLY helps businesses manage contractors and other external workforce personnel. WHO ARE THE PARTIES TO THE DEAL?

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The Best Checking Accounts in California of 2021

MyBankTracker

If you live in California and need to open a new checking account, these are some of the best options available. The Largest Banks in California. The largest banks in California, by deposits, are: Bank of America. Best Checking Account from Local California Banks. Personal service for account management.

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COVID-19 Efforts Top PayPal Global Impact Report

PYMNTS

the California-based online payments system, on Monday (April 27) released its annual Global Impact Report , which typically highlights the firm’s progress on advancing profitability, promoting a diverse workforce, minimizing pollution and operating responsibly. PayPal Holdings Inc.,

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Visa’s Authorize.Net To Provide SMBs With Offer On Super Bowl Sunday

PYMNTS

Authorize.net , Visa’s SMB digital payment management system, is eliminating its monthly gateway fee for the life of an account in addition to its transaction fees for the first 100,000 transactions of new North American clients enrolling on Feb. 7), according to a Tuesday (Feb. 2) announcement emailed to PYMNTS.

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Credit Issues Stalk Malls And Anchor Tenants

PYMNTS

On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. There are about 1,000 malls — both privately and publicly held — operating in the U.S.

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