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Capital Float On The Path To Video-Based KYC Implementation

PYMNTS

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number.

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Fed Bets Trillions In SMB Lending That Consumers Will Return

PYMNTS

A quick recovery may be in the cards. Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. The Fed program is focused on lending. But so might a “false start.”. Thursday morning, the U.S.

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Weekly Wrap: Apple channels fintechs with card launch

Bank Innovation

Welcome to the latest episode of our weekly wrap video series, for the week ending August 9, 2019.

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Enticing Suppliers, Buyers To Embrace The Commercial Card

PYMNTS

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

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Apple’s Credit Card Gives Goldman Sachs Rare Customer Role

Bank Innovation

launched a credit card last month, hoping to upend a $175 billion industry much like it did the phone business. At a splashy event, the company made a simple sales pitch and showed off the titanium product in a slick video. Chief Executive Officer Tim Cook called it the "most significant change" to […].

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Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment

PYMNTS

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others.

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Today In Data: Holiday Weekend Sales And SMB Lending

PYMNTS

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., The contest encouraged users to nominate someone who goes above and beyond by posting a picture or video on Twitter or Instagram using the hashtag #BlackFridayBreakup. Here are the numbers: $7.9

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