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Umpqua brings retail banking to Utah, CUSO teams with gift-card firm

American Banker

Umpqua Bank introduces retail banking in Utah, Kansas City CUSO partners with New York gift-card firm, Huntington Bank looks within for new chief DEI officer and more in the weekly banking news roundup.

Utah 41
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Corporate Cards Flex Their Rewards Muscles To Support Business Growth

PYMNTS

With businesses large and small increasingly turning their attention toward recovery efforts, the commercial credit card market is exploring ways to help their corporate card holders. Commercial Card, Global Commercial Services, Courtney Kelso in a statement. Neat Debuts Its Visa Card For Small Businesses.

Cards 257
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Utah federal court rules Petition Clause of the First Amendment provides immunity from FDCPA claims

CFPB Monitor

A Utah federal district court recently ruled in two cases that the Petition Clause of the First Amendment of the U.S. Crown Asset Management, LLC and Reyes v. In both cases, the defendants had initially filed lawsuits in Utah state court to collect the underlying debts. The two cases are Holmes v. and Olson Associates, P.C.

Utah 78
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SMB Cards & Spend Management Profile: Divvy (Bill.com)

Fintech Labs Insights

Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.3 The exit occurred in mid-2021 when Bill.com was looking to expand its offerings in the corporate card and expense management space. billion exit in just 4.5 billion in a cash ($665 million) and stock ($1.65

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Bill.com Acquires Divvy For $2.5B To Enter The Spend Management Space

CB Insights

Bill.com , a cloud-based billing, accounting, and payments platform, has acquired Divvy , a spend management platform, in a stock and cash deal valued at $2.5B. Divvy: Utah-based Divvy is a spend management platform that integrates expense management and smart corporate cards into a single platform for enterprises.

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SMB Cards & Spend Management Profile: Divvy (unit of Bill.com)

Fintech Labs Insights

Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.5 The exit occurred in late 2021 when Bill.com came knocking at just the right time as Bill was looking to expand its offerings in the corporate card and expense management space. billion exit in just 4.5

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Mixed Performance For Payments Stocks

PYMNTS

The mobile payments firm announced plans last week to open up a physical branch in Utah, to be called Square Financial Services. The company had an investor day last week during which management said that, as noted by Barron’s , the firm’s total addressable market is four times larger than some observers estimate.

Payments 148