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Splitit partners with Visa for installment payments    

Bank Innovation

Splitit, a payments company that divides purchases into installments on customers’ existing cards, announced a partnership with Visa last week.

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Looking to beat Apple to the punch, digital competitors roll out cashback cards

Bank Innovation

While the jury is still out whether the Apple Card will be the disruptive force that Apple has claimed it will be, fintech firms and banks alike appear eager to beat the tech giant to the punch. Tuesday’s launch of Zerocard, a “debit-style” credit card from fintech firm Zero, in partnership with WebBank, Evolve Bank […].

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AmEx: No debit card plans despite Venmo integration

BankInovation

Don’t expect American Express to launch a debit card anytime in the immediate future. During the card company’s second-quarter earnings call, Stephen Squeri, chief executive at AmEx, said that while debit cards are “something that we constantly look at,” AmEx won’t be issuing debit cards “at this particular point in time.”

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COVID-19 accelerates launch of contactless payments

Bank Innovation

Upgrade customers can now order a credit card with a chip that enables contactless transactions, said Renaud Laplanche, co-founder and CEO of Upgrade. Customers can hover their cards over […].

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Brex to launch treasury, insurance and loan products

Bank Innovation

Brex, a corporate card and financial product startup aimed at businesses, plans to broaden its product ecosystem beyond bank accounts and cards.

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Marqeta to focus on growing product suite in 2020

Bank Innovation

Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking. If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory.

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NEW REPORT: New Regs Open New Markets For Credit Unions

PYMNTS

The July/August Credit Union Tracker looks at how the credit union market is pushing back against regulation and pursuing new innovation strategies, how regulatory changes are creating opportunities for credit unions to expand into new markets, and how one credit union is stepping up to assist members displaced by a natural disaster.

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