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When outsourcing fails: One bank's travails after a vendor bolted

American Banker

UMB Financial hired an outside company to provide customer service in connection with some of its credit cards and debit cards. In a lawsuit, the Missouri bank alleges that the vendor suddenly stopped performing its duties, and that the bank's own employees had to step into the void.

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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Louis Business Journal is reporting that Missouri-based hockey equipment supply chain Total Hockey has filed for bankruptcy as of Wednesday (July 6). However, some retailers prefer to play cards of the kind as close to the corporate chest as possible.

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Fintech Fundings: Companies Raise $ Million Week Ending Feb 26

Fintech Labs Insights

Loyalty card platform. HQ: Missouri City, Missouri. Credit card rewards optimization . HQ: Riga, Tags: SMB, B2B, ACH, electronic payments, virtual card, insurance claims. Tags: SMB, B2B, ACH, electronic payments, virtual card, insurance claims. HQ: Annapolis, Maryland. Source: Finovate. Total raised: $23.2

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Social media management & compliance for financial institutions . Louis, Missouri. Credit risk management. Tags: Enterprise, payments, mobile, security, Wocket Wallet (product name), hardware, credit/debit cards. Source: Crunchbase. Mobile wallet & biometric solutions. Latest round: $2.1 million debt).