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Chase Pay Demise And Gut Check On Lending Dominate Week’s News

PYMNTS

The North Carolina-based bank filed a Multi-Tiered Digital Wallet Security application in February 2018 with the United States Patent and Trademark Office, according to a report. There will be no cost for clients; the company said it is one of the many benefits available to Visa merchants and financial institutions.

Lending 109
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Equifax Still Fights To Regain Trust As Q2 Sales Slump

PYMNTS

The company has struggled to recover trust with customers since September 2017, after hackers accessed the data records of more than 143 million consumers, including personally identifiable information like Social Security numbers, drivers’ license numbers and credit card data. Net income fell 12 percent to $144.8 million, or $1.19

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B2B Startups Welcome Another Unicorn With TripActions Funding

PYMNTS

It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. The big news of the week comes from TripActions , a corporate travel solutions provider that secured unicorn status with its latest fundraise (the largest in this week’s breakdown).

Software 158
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Regulators Need to Approve New Types of Banks: N.C. Banking Commish

American Banker

Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change.".

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Banking"s Top 5 Total Return to Shareholders: 2020 Edition

Jeff For Banks

It has been an industry darling due to its dedication to technology experimentation. This bank lends to startups without positive cash flow. Please do not claim to invest in any security based on what you read here. FINRA makes people take a test to ensure they know what they are doing before recommending securities.

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June’s Top 12 Mobile Pay Moments

PYMNTS

On June 9, JPMorgan Chase recently announced that it secured a multi-year deal with Shell to accept Chase Pay at all of its gas stations. Now, as part of its new deal with Shell, it appears Chase is on its way to securing more support for its mobile wallet service that’s likely to be launched into market soon. ” RIP CurrentC.

Mobile 104
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Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Labs Insights

The vast majority went into alt-lending including NYC-based Pave ($30o million), Australian P2P platform MoneyPlace ($60 million from Auswide Bank), and Chinese lenders Fengjr.com ($80 million) and Dashu Finance ($77 million). 15 million to security provider Trulioo. Diversified financial technology provider. HQ: New York City.

Company 12