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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

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Virtual Cards and Straight-Through Processing Set To Level B2B Playing Field

PYMNTS

Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. Suppliers, he said, have traditionally been less amenable to commercial card payments, but are increasingly starting to accommodate buyers’ payment preferences.

Cards 262
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Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009. Take payroll cards.

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Behind Sysco’s Spend Management Switch To Cards. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Trackers and Reports.

Taxes 101
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How Vendors Can Lower The Cost (And Risks) Of Card Acceptance

PYMNTS

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. DOWNLOAD Takeaway 1 Financing plays a crucial role in small business survival and success.

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‘Stranger Things’ And Starcourt Mall Teach Us About Big Tech And Innovation

PYMNTS

They grilled execs from Google, Amazon and Facebook over claims of their size and power, which is said to be driving smaller companies out of business, reducing opportunities for new innovators to emerge and tilting the competitive playing field too far in their direction. That’s what teenagers did 34 years ago for fun.