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Kicking The Paper Check From Its Public Payment Perch

PYMNTS

In Oregon, Mastercard is working with a department of revenue officials to improve their direct deposit architecture, while in Idaho the desired improvement is a wider project that would tie tax, healthcare and other types of public disbursements into an online platform. “We transit markets. But if you think about the U.S.

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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Those who are unbanked pay to cash their checks, to get money orders to pay their bills and to buy and use prepaid cards. There is also the surprising reality that goods that less affluent consumers favor also tend to stay in the market longer with fewer changes over time, meaning their prices more or less trend up with inflation.

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GonzoBanker Awards 2017

Gonzobanker

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. It will never regain its IPO value and it trades at one-third the market cap of LendingTree.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

HQ: Portland, Oregon. Canopy Tax (formerly Beanstalk). Tax & accounting practice management. Tags: Tax, advisor platform, marketing, client services, accounting, SMB. Latest round: $12 million. Total raised: $15.2 Source: The Oregonian. Payments risk & compliance management. HQ: Palo Alto, California.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

Stock market charting tools. HQ: Portland, Oregon. Tags: Advisors, investing, social, marketing, sales, trading. Alt-lender targeting millennials . Latest round: $5.6 million Series A. Total raised: $305.6 million (unknown mix of Debt/Equity). HQ: California. Source: Crunchbase , WSJ. P2Binvestor. Latest round: $5 million Debt.

Company 12
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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

According to the report, State Treasurer Zach Conine “likened the system to gift cards or digital wallet apps, such as Venmo , and said the program would not include broader banking services like loans.”. Oregon stands as another example. The aim is to create “an online system where digital currency could be sent and received.”

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CFPB Looks To Regulate Overdrafts In 2017 – If It Still Can

PYMNTS

Some observers noted that revenue from overdraft fees now outpaces that from pawn shops, payday lenders and tax-refund anticipation cheques put together. “[Overdrafts] allow customers to spend money they don’t have — then punish them for it,” notes Josh Reich, co-founder and CEO of Simple, an online bank based in Portland, Oregon. .