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Today In Payments: Amazon Will Lower Affiliate Commissions; Agricultural Bank of China Pilots App That Supports CBDC

PYMNTS

Louis Federal Reserve President James Bullard estimated that the quarantine is costing the U.S. Louis Fed Pushes for Mass Testing Over Quarantine. Louis Federal Reserve President James Bullard estimated that the quarantine is coming at the cost of $25 billion daily to the U.S. economy $25 billion each day.

St. Louis 133
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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

Synthetic identity fraud — which uses cobbled-together, fictitious identities, rather than stolen ones belonging to real people — was recently employed to steal more than $200,000 from Notre Dame Federal Credit Union. CUs like St. Security threats continue to trouble the industry, however.

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Rippleshot Earns Spot in SixThirty Accelerator’s Incoming Cohort

Fintech Labs Insights

The program runs from September 14 through December 11, and is based in downtown St. SixThirty managing partner Atul Kamra said that they had received a record number of applications for the fall cohort. This will be Rippleshot’s second time through the SixThirty program. Canh Tran is CEO and co-founder.

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Rippleshot Raises $1.2 Million in Round Led by KGC Capital

Fintech Labs Insights

The investment round was led by KGC Capital and featured participation from UMB Bank, Wintrust, and SixThirty, the fintech accelerator based out of St. Developers, account managers, and sales staff are among the kinds of talent the company is looking for. Henrichs was also an early investor in anti-fraud analytics firm, Memento.

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

Fintech Labs Insights

Payments risk & compliance management. Tax & accounting practice management. Fraud detection. Louis, Missouri. Online investment manager. Tags: Investing, wealth management, stocks, trading, equities. Source: The Oregonian. HQ: Palo Alto, California. Latest round: $12 million. Total raised: $21.5

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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

Online payments & cash management for small businesses. Louis, Missouri. Financial & time management service for freelancers. Tags: Advisors, B2B2C, investing, trading, wealth management. Online financial advisor. Latest round: $5.5 Total raised: $5.5 HQ: Vancouver, British Columbia, Canada. Latest round: $3.4

Company 12
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Fintech Fundings: 24 Companies Raise $440 Million Week Ending May 21

Fintech Labs Insights

Fraud protection solutions for the enterprise. Credit reports & debt management. Louis, Missouri. Money collection & management for groups. Tags: Crowdfunding, social money management, P2P, peer-to-peer. Source: FT Partners. HQ: San Mateo, California. Latest round: $17.5 million Series B. Credit Sesame.