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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

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In today’s top news, California lawmakers propose a financial watchdog at the state level, and Germany launches an antitrust investigation into Amazon. California Proposes Financial Watchdog Agency. At the center of it all: online gaming, and the way we access the latest popular diversions (or don’t).

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Fundation Digitizes SMB Loans For Banc Of California

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In a press release , Fundation said it is collaborating with Banc of California to develop a streamlined, digital small business lending and line of credit solution that the bank can offer to its small business clients. SMBs can use the tool to apply for financing through an online application on the Banc of California website.

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With Wynn’s $402M In Net Losses, Is Online Gambling The Future Of Gaming?

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The executive noted in The Wall Street Journal that individuals were visiting beaches in Southern California in droves, and eateries were opening for business once again in Texas. This is bringing about heightened revenue for online gambling platforms in states such as New Jersey — trends in growth that may continue beyond the health crisis.

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SMBs’ Online Lending Surge Raises Borrower Protection Concerns

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Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But the majority of online SMB lenders do not disclose publicly their fees and interest rates, reports warned.

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Auto Marketing Will Support The Digital Shift

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Online auto sales are the only game in town. That’s good news for consumers who shop for cars online, which they did at an 86 percent rate during 2019. A small percentage of car purchases were made online last year. For the first 12 days of April they dropped tumbled 63 percent vs. 2019. But it’s an obstacle for dealers.

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

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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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Boston Market Deploys AI To Fight Fraud, Improve ROI

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The health crisis has forced some eateries to close entirely, while others must operate at reduced capacities depending on state and local restrictions. The November Mobile Order-Ahead Tracker® explores the impact of AI and how eateries are using the technology to ease their operations, personalize customer offers and fight fraud.

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