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Today In Digital-First Banking: Ternio’s BlockCard Collaborates With Paxful For Debit Card; Fed Changes Main Street Lending Terms

PYMNTS

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.

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The Russian Connection (To Alt Lending Globally)

PYMNTS

such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan. But it was something the firm was able to survive — mostly due to a strong background in FinTech, where “the first thing you learn is asset liability management.”.

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Keeping On-Campus Credit Unions Competitive

PYMNTS

an enterprise lead management solutions provider, is aiming to tackle this in partnership with FinTech CuneXus Solutions by providing an automated lending solution that keeps the process swift while screening applicants, ensuring that loans only go to eligible candidates. Rollick Inc. ,

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B2B eCommerce Tips The VC Scales

PYMNTS

based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. DiviPay offers a virtual card generation tool that enables businesses and their managers to oversee employee spend, set controls and analyze expense behavior. See all of the latest B2B fundraises below.

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PayPal Teams With ebizmarts To Integrate With Magento

PYMNTS

Additionally, products, pricing, customer requests, orders, returns and coupons can all be managed in the store, thanks to Magento. The firm has deals in place with a Delaware bank to issue debit cards, as well as another agreement with a Georgia bank to deposit checks via photo and Utah-based banks for lending activities.

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Commercial Cards Find Opportunity In Transparency, Lower Fees

PYMNTS

For corporate buyers, adoption can stem from opportunities around rewards and rebates, elevated transparency, fewer hidden fees and data integrations with other back-office financial management tools. “We knew we wanted to offer lending products,” he said. Addressing The Middle-Market Gap. ”

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The United States Of Fintech Startups

CB Insights

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).