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Visa updates Fast Track accelerator, enables launch of LGBT+ preferred name card

Payments Source

The accelerator has enabled Los Angeles-based fintech Be Money to relaunch itself as Daylight and bring to market a transgender-inclusive preferred name card.

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Earl Enterprises Acknowledges Data Breach Of 2M Cards

PYMNTS

Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. KrebsOnSecurity said credit and debit card accounts from Earl Enterprises restaurants were up for sale as of Feb. 21 — but waited until the end of March to reveal it.

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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom joins other department stores in the resell market. It is playing the sustainability card this year, with Fashion Footprint Calculator.

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Digital Bank Startup Branch Offers Mobile Payments

PYMNTS

The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. . Users who have a Branch Card can update their app settings to add their debit cards onto their mobile wallets.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

On a day that saw a stock market rout – particularly on the tech-heavy NASDAQ, which was down a percent – in at least some areas of finance, investors remain sanguine. Perhaps “overly optimistic” might be the mindset that marks private markets. Regional players like BankUnited have even smaller market caps (at about $2 billion).

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Allied Wallet Settles With FTC Over Fraudulent Payment Allegations

PYMNTS

The FTC said the defendants, in collaboration with Allied Wallet sales agent Thomas Wells, intentionally hid fraud from banks and credit card networks. Khawaja must turn over a residence in Los Angeles, and the rest of the judgement will be suspended due to inability to pay. Rountree’s $320,429.82

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Digital Bank Monzo Jumps Into Lending In The UK

PYMNTS

banking market through a partnership with Ohio-based Sutton Bank. It has already signed consumers up for its cards in cities including Los Angeles, New York and San Francisco and there is currently a waiting list. is a different market with its own challenges, according to some observers. In the U.S. In the U.S.

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