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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

Figure Pay, he said, with the ability to scan QR codes at checkout, is predicated on the concept of using a blockchain payment rail in lieu of interchange as the network is built out — and across a swath of merchants as large as Walmart and small as localized farmers’ markets (in a type of “barbell” approach) upon initial launch early next year.

National 215
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Blockchain Tracker: 88 Bales Of Cotton, Illinois State Gov. And Adoption

PYMNTS

to buyer Brighann Cotton Marketing Australia — and blockchain to prove that the goods were shipped, which all ultimately elevated transparency, security measures and tracking. At the state level, Illinois’ government has shown interest in delving into incorporating blockchain into how it does business.

Illinois 100
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BankFinancial Equipment Adds SMB Reach

PYMNTS

The expansion of BankFinancial Equipment Finance brings its leasing capabilities to governmental, middle-market and small businesses, BankFinancial announced on Friday (Feb. BankFinancial already has a strong reputation in the corporate leasing segment of the market. BankFinancial Corp.

Illinois 131
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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

The services are not currently registered as distinct entities, although they are provided to users in the nation. The social media firm purportedly contravened an Illinois state law via a “Tag Suggestions” functionality that enabled users to identify their friends from photos put on the platform in the past.

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daVinci Payments Launches CNY Funded Prepaid Cards

PYMNTS

Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. The launch makes daVinci, formerly Swift Prepaid, the first North American program manager with this offering.

Cards 147
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Medical Cannabis Co Columbia Care Launches Credit Card

PYMNTS

is launching the Columbia National Credit program with its new CNC Card, according to a release by the company. The program will expand to Delaware and Pennsylvania later in June and then into Arizona and Illinois. The company plans to have the card available to all of its markets by the end of the year.

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FICO and Chelsea Football Club to Raise Financial Literacy in U.S.

FICO

FICO will be holding “Score A Better Future Fundamentals” financial education workshops designed for high school students in the cities where Chelsea will be playing during the tour, including Chapel Hill, North Carolina; Atlanta, Georgia; and Chicago, Illinois.