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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action. Leveraging Risk the Right Way.

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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147
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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Centered around deposit and debit/charge card services Predominantly focused on consumers Primarily digitally delivered (rules out Wells Fargo, BofA, and the majority of traditional banks*) Founded since 1999 Do you run a small business :? Consumers (Nov 2023) first appeared on Fintech Labs SMB Center. Let’s start with our definition.

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Sezzle Scoops Up $500k Investment from Brussels-based E-Merge

Fintech Labs Insights

Courtesy of Brussels-based fintech fund, E-Merge, Sezzle is $500,000 closer to its fundraising goal of $1.5 plus 15 cents, that’s half the cost of quoted credit and debit card processing.” plus 15 cents, that’s half the cost of quoted credit and debit card processing.” “Our rate is 1.5%

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Fintech Fundings: 26 Companies Raised $530 Million Third Week of July

Fintech Labs Insights

There has been an average of 28 fintech deals per week this year. Fintech deals by size from 16 July to 22 July, 2016: CommonBond. HQ: Minneapolis, Minnesota. Tags: Consumer, payments, debit card, billpay, funds transfer, mobile, personal financial management, PFM. The total amount raised this week was $532 million.

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Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

Our letter draws on Ballard Spahr’s two-plus decades of experience in representing banks and savings associations (“Banks”) in establishing lending programs (“Bank-Agent Programs”) where a Bank obtains substantial assistance from a fintech or other non-Bank company (an “Agent”) to offer Bank loans to consumers or small businesses.

FDIC 78
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Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

While not a pure fintech play, we included it here because its primary customers are the big insurers, including the U.S. HQ: Minneapolis, Minnesota. The post Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23 appeared first on Finovate. million for its mobile P2P payment service. government. Mint Payments.

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