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Barclays US Taps Ex-Capital One Exec To Lead Cards And Payments Business

PYMNTS

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. The company has a partnership with Amazon in which it lends to customers with low credit scores. On Monday (Nov. Synchrony said it was a mistake. “We

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PayPal Teams With ebizmarts To Integrate With Magento

PYMNTS

According to news from Mobile Payments Today , under the partnership, PayPal’s mobile card product will be combined with ebizmart’s mobile app Magento. In addition, employers can directly deposit their wages into accounts, while debit cards can withdraw cash at ATMs.

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Barclays Eyes US Expansion

PYMNTS

credit card operations. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. credit card business. billion of deposits to its Delaware operation. Other possibilities include rolling out its U.K. payments platform in the states, as well as building a U.S.

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CFPB holds field hearing on proposed rules for prepaid accounts

CFPB Monitor

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

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SoFi’s $500M Pickup (And The Big Expansion It’s Fueling)

PYMNTS

SoFi, the San Francisco–based lending startup, has by all reasonable metrics hit the ground in 2017 running. With that acquisition, SoFi also acquired Zenbanx’s partnership with Delaware-based WSFS Bank and access to the bank’s charter and banking license. The company, however, is still pretty small.

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NetCredit Personal Loans Review: Designed for Borrowers With Bad Credit

MyBankTracker

APRs are lower than predatory lending options. To apply for a NetCredit personal loan, you must meet the following requirements: Be 18 or older (19 in Alabama and Delaware, 21 in Mississippi) Have a checking account Have a verifiable source of income NetCredit offers loans to residents of 37 states and Washington D.C.