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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Louis and Dayton, Ohio. Mastercard said it will invest $500 million in Black communities across the U.S.

Community 282
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. With $580 billion in private-term loans and lines of credit and $62 billion in credit cards, they accounted for 56% of the small business financing market. Louis Fed : [S]mall-business loans—i.e., economic ecosystem.

Lending 243
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Mobile Payments: Adornments For the U.S., mVisa For The Unbanked In Nigeria

PYMNTS

Consultants will don a Bluetooth reader that pairs with Apple iOS or Android smartphones or tablets, to accept payment of credit and debit cards. Louis-based startup has defied the odds and raised $750,000 during a slowdown in funding for Fintech startups. Already the app is generating $1 million in sales for local restaurants in St.

Mobile 100
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Retail Pulse: Walmart Tests ‘Great Workplace,’ Sainsbury’s Opens Cashierless Store

PYMNTS

Brick-and-mortar retailers are changing the way they manage their workforces in the age of Amazon: Walmart , for instance, is testing multiple versions of a new team structure called the “Great Workplace” in some of its locations. At the same time, it was reported that Walmart plans to employ $11 billion in capital expenditures this year.

Retail 100
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Rippleshot Raises $1.2 Million in Round Led by KGC Capital

Fintech Labs Insights

The investment round was led by KGC Capital and featured participation from UMB Bank, Wintrust, and SixThirty, the fintech accelerator based out of St. Developers, account managers, and sales staff are among the kinds of talent the company is looking for. Million in Round Led by KGC Capital appeared first on Finovate.

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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Louis Business Journal is reporting that Missouri-based hockey equipment supply chain Total Hockey has filed for bankruptcy as of Wednesday (July 6). However, some retailers prefer to play cards of the kind as close to the corporate chest as possible. “Minyard has a rich heritage and good people working there,” Byars said.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion. Social media management & compliance for financial institutions . Louis, Missouri. Credit risk management. Social media financial compliance specialist Gremln raised $1.4