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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

The company has a partnership with Amazon in which it lends to customers with low credit scores. “We have confirmed none of your personal data was compromised,” the financial services company said in an email to customers. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.

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About 300 SMBs Received Less Than $99 In PPP

PYMNTS

Nikki Smith, a baker and caterer in Oregon, collected $96. Despite all of this, the economic outlook is more positive this year, said Chief Economist Jack Kleinhenz of the National Retail Federation (NRF). There were roughly 300 businesses out of the over 5 million companies receiving loans that got $99 or less, according to NYT.

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Zions Bancorporation goes live on TCS BaNCS Core Banking software

Bobsguide

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

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FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. In essence with the charter, the government could weed out the good FinTechs from the bad ones.

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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Nikki Smith, a baker and caterer in Oregon, collected $96. Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

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AltFin Proves Its Staying Power With Asian Investors

PYMNTS

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Alternative Lending. Capital Match.

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Meal Kit Startup Gobble Hires From Starbucks, Blue Apron

PYMNTS

Both Steve and Brian are instrumental to our national expansion efforts, ensuring Gobble’s cost leadership and operational efficiency are best in class.”. Gobble currently serves seven western states: California, Nevada, Washington, Oregon, Arizona, Idaho and Utah.

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