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Banking On Consumer-Centric Strategies To Spur Virtual Card Adoption

PYMNTS

Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud.

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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action. Leveraging Risk the Right Way.

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Congrats to Randy and a great management team. With Venmo charging 100-150bp less that the card networks, merchants will aggressively follow Amazon. Acronym of the Year. Has to be M-O-E. Has it worked?

Fintech 147
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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. billion of assets under management. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. Best of luck in the next chapter, Chris!

Idaho 148
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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Prepaid debit card for youth. Kikka Capital. Personal financial management. Tags: Consumer, advisors, investing, trading, ETFs, wealth management. Source: FT Partners. Latest round: $5.8 million Equity Crowdfunding (Crowdcube). Total raised: $5.8 HQ: Farnborough, England, UK. Source: Crunchbase. SeedInvest. Smartkarma.

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Whole Paycheck Tracker: Target, Walmart Comparison Uncovers Different Digital-First Strategies

PYMNTS

So far, it looks like Walmart could steal a few pages from its Minneapolis-based neighbor. The more standard one is the Capital One-issued rewards card. It won’t compete on a scale level, but Target’s management team and commitment to eCommerce make it a retailer to watch as it grows.

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Named 2015 CFO of the Year (Kurt Ishaug) by Minneapolis-St. Provided instant card-issuance technology to Bank of the Ozarks. Announced EMV-instant issuance milestone of more than 10 million cards in the U.S. Forged strategic partnership with United Capital. Signed deal with Vision FCU to provide its money management app.