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Capital One Halts BNPL Transactions On Its Cards

PYMNTS

Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. The sector, which includes Australia’s AfterPay, Sweden’s Klarna, Canada’s Affirm and others is exempt from consumer credit laws in most regions of the world.

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Banks should know these 5 Traits of Millennial business owners

Abrigo

Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. And banks and credit unions looking to grow business loan portfolios , especially, can benefit from insights into Millennial entrepreneurs.

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Visa Celebrates International Women’s Day With A Global Challenge For Female Entrepreneurs

PYMNTS

The study reported that for every dollar of capital raised, women-run startups generated 78 cents in revenue, compared to 31 cents for men-run startups. The problem is that female-founded firms still lack in venture capital funding. To compete, firms must have at least one female co-founder.

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X-Border Real Estate – Point. Click. Invest?

PYMNTS

For wealthy millennials in China, you can add buying an overseas property to the list of useful things a smartphone can do. The Wall Street Journal reports that a whopping 70 percent of Chinese millennials, born between 1981 and 1998, own a home, the highest share of respondents from nine countries and regions.

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Despite Plenty Of Concerns, SMB Optimism Holds Fast

PYMNTS

Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic. That doesn’t mean non-millennial entrepreneurs are necessarily struggling, though. billion in working capital is on the books for U.K. Eighty-one percent of U.S.

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Thought starter: Top challenges accountants face and actionable ideas to solve them

Abrigo

His comments are not only applicable to his geographic region, but for sole props and firms across the country. Thomas also cites human capital as a challenge for the industry, which is increasingly common as the American demographics shift.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. It has also meant working in anticipation of the changing needs of millennial users. Can banks have it both ways? Getting in Front of Change.