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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. The account comes with 1.30

Lending 130
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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

It wasn’t the only corporate T&E firm that secured new funding, though, nor was it the only B2B FinTech that raised venture capital. The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries.

Capital 108
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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits.

Industry 108
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Virtual card issuance.

Online 98
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Possible Finance Personal Loans Review

MyBankTracker

APRs are lower than predatory lending options. Possible Finance provides its loans to people with poor or no credit, which means it takes on more lending risk than a traditional lender that looks for customers with strong credit history. Similarly, using a smaller portion of your credit cards’ limits will increase your score.

Texas 52
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Fintech Fundings: 18 Companies Raise $230 Million Week Ending June 11

Fintech Labs Insights

Alt-lending platform to SMBs. HQ: Lehi, Utah. HQ: Salt Lake City, Utah. Smart securities on the blockchain. Alt-lending for the elective surgery industry. Tags: Payments, mPOS, point of sale, SMB, security, cards, merchant acquiring, Finovate alum. Latest round: $129 million. Total raised: Unknown.

Company 12
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Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. Instead, it is replacing payday lending as an industry. lending/trading/saving), and are computing concurrently on a giant programmable blockchain network. No shenanigans.

Capital 52