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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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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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Vending Machine Commerce Encourages Digital Payments Growth

PYMNTS

The capital will support hiring and the deployment of up to 500 new machines to St. Louis, Cincinnati and other areas. The app will then convert money from a credit card or bank account into digital cash. The company operates some 185 machines via which consumers buy 15,000 products daily. School Food.

St. Louis 109
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Retail Pulse: Walmart Tests ‘Great Workplace,’ Sainsbury’s Opens Cashierless Store

PYMNTS

At the same time, it was reported that Walmart plans to employ $11 billion in capital expenditures this year. The company is reportedly testing the offering in 18 markets, including Los Angeles, San Diego, San Francisco, St. Louis, Tampa and New York. billion for its stores in comparison to $1.63 billion in the year prior.

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. Rippleshot leverages big data analytics and machine learning to detect and track down bank card data breaches. 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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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