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City National Bank, Extend Team On Virtual Corporate Cards

PYMNTS

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. Replacing them is much easier than replacing plastic cards.

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B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

More than $25 million in new funding landed at B2B FinTech startups this week, making it one of the slower VC roundups for the B2B landscape this year. Bikayi told the publication the investment will be used to expand hiring and accelerate product development with a goal of on-boarding 1 million new sellers. Cloudentity.

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Last Roar Of The Paper Tiger?

PYMNTS

That’s the picture emerging as B2B payments hustle to catch up to consumers who ran off giddily with P2P and the FinTechs. But gig workers’ payment preferences are clearly on the side of instant , almost regardless of individual income security. Embarrass­­­ing, sure. But it’s totally fixable. The Big Gig. Banking on Instant.

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Visa Q2 Earnings: X-Border, Digital Payment Growth Expected

PYMNTS

Growth will be fueled by new acquisitions, partnerships and collaborations with companies across the FinTech spectrum, similar to the company’s earnings report from the previous quarter, which surpassed expectations. Visa is pursuing further innovations in infrastructure security for the payments industry.

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B2B Payments: Moving From Inertia To Ignition

PYMNTS

Today, some of the industry’s biggest players will converge in New York City at this year’s PYMNTS B2B Payments Executive Forum , with Visa as presenting sponsor. Tokenized data also allows for secure transmission of information, Phalen noted, allowing payment instructions to safely move between institutions and corporates.

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Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

Although we saw one high-flying fintech unicorn crash to earth this week , the fintech sector continued to attract significant capital with 21 companies raising $214.8 Three Finovate and FinDEVr alums raised new cash and one exited: PayActiv raised $9.2 Snoopwall landed a cool million for its security solutions.

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Fintech Fundings: 24 Companies Raise $560 Million Week Ending Sep 18

Fintech Labs Insights

The money flow into fintech continued unabated this week with more than a half-billion ($557 million) raised by 24 companies. Year-to-date fintech firms have raised $13 billion. The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr.