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Fast EMV, Mobile Starbucks And Under-Fire Payday Lending

PYMNTS

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Starbucks Steals The Mobile Show (Again). EMV’s Second Phase.

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Lending Club Keeps Pushing Its Comeback

PYMNTS

The last 12 months have undoubtedly been a difficult period for marketplace lending pioneer Lending Club. But the silver lining is that banks appear to be coming back to the Lending Club platform as investors in loan packages. Will it be enough to get Lending Club back on course?

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BoA Debuts In-App Auto Financing Via Mobile App

PYMNTS

Bank of America announced Tuesday (May 30)that it bas launched new capabilities for mobile clients to complete the auto financing process with the company. In a press release, the bank said clients can now search for a car from participating dealerships – on their mobile device or computer before ever visiting a dealership.

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Q2 to Acquire Cloud Lending. So What?

Gonzobanker

The mashup of transactional digital banking and digital sales is well under way in the market, as is evidenced by Friday’s announcement by Q2 of its intent to acquire Cloud Lending Solutions. What’s a little more interesting here is Cloud Lending’s offerings address commercial as well as consumer. The post Q2 to Acquire Cloud Lending.

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Vista Looks To Sell Huge Stake In Finastra FinTech

PYMNTS

The company handles payments, retail banking, treasury desks and mortgage lending for about 90 of the top 100 banks in the world. Last year , Finastra acquired Malauzai , a provider of mobile and internet banking solutions for community financial institutions (FIs). Finastra has been successful, with $1.9 based customers.

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Despite China’s Slowing Economy, Credit Demand Still Strong

PYMNTS

Chairman Eric Jing told Bloomberg that the private sector continues to be healthy due to new technology like mobile payments and digital loans. . Consumer and business lending crumbled last year, prompting regulators to lower the cost of borrowing. They’re still experiencing a very strong growth.

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Thoma Bravo acquires MeridianLink/CRIF Lending. So what?

Gonzobanker

We all figured it would happen sooner or later, and now it has – by Thoma Bravo , which, as part of the deal, merged MeridianLink with CRIF Lending Solutions’ ACTion, Synergy and Achieve divisions. CRIF Lending has been a solid competitor in the consumer LOS space. The post Thoma Bravo acquires MeridianLink/CRIF Lending.

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