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Barclays US Taps Ex-Capital One Exec To Lead Cards And Payments Business

PYMNTS

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

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Barclays Eyes US Expansion

PYMNTS

In addition, sources say that Barclays is putting more capital behind its U.S. credit card operations. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. credit card business. billion of deposits to its Delaware operation. checking account offering.

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SoFi’s $500M Pickup (And The Big Expansion It’s Fueling)

PYMNTS

SoFi, the San Francisco–based lending startup, has by all reasonable metrics hit the ground in 2017 running. With that acquisition, SoFi also acquired Zenbanx’s partnership with Delaware-based WSFS Bank and access to the bank’s charter and banking license. The company, however, is still pretty small. An “Opportunistic” Round.

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Finance in motion— $1B moved for $0.02

Lex Sokolin

fee on Binance, $600M of Tether printed, $200M in DeFi lending This is what it looks like, this change in the atmosphere, the fireflies all lighting up as the night comes in. Every other person had a physics PhD and worked in risk management for large capital markets trading desks. Finance in motion— $1B moved for $0.02 We are here.

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Sizzle/Fizzle: In Banking, Truth as Currency

PYMNTS

If you were in the market for a credit card or looking to sell a house, this past week was a good one, as rewards points on the former, and prices for the latter were both up. This comes in the face of JPMorgan slashing its own points offer on Sapphire cards. The future is hazy at best. Fizzle Of The Week: A Bad Run For Big Banks.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

On January 9, the company walked back its initial statement, saying that while it still intended to sell more stock to raise money for bitcoin mining rigs, it would not (as previously announced) raise capital through a new stock issuance in order to purchase those rigs. ” — Michael Orlando, NXT-ID COO & FitPay President.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Abra, another blockchain-enabled mobile wallet and payments startup, was recently integrated into the payments ecosystem of American Express: through a new feature , customers will be able to fund their Abra wallets using an eligible American Express Card. Gift cards and loyalty programs. Cybersecurity. Cloud storage . CROWDfunding.