article thumbnail

Mastercard, SoFi Team Up On Debit Card, Payment Products

PYMNTS

It is imperative that our partners are leaders in technological innovation, security and enhanced benefits, and Mastercard is an industry leader across all of those areas.”. Also, customers who have specific SoFi and Mastercard products will be able to participate in enhanced fan experiences when SoFi Stadium opens in Los Angeles this year.

article thumbnail

LA Lakers Return PPP Loan

PYMNTS

Treasury rolled out its latest Paycheck Protection Program (PPP) funding to rescue small- to medium-sized businesses (SMBs), the Los Angeles Lakers returned $4.6 million to the fund, the team said on Monday April (27), according to the Los Angeles Times.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A mini deposit run in early May preceded the sale of PacWest

American Banker

Following reports that the Los Angeles bank was considering strategic options, its deposits fell by $1.7 billion in two days, according to a securities filing. The disclosures shed new light on PacWest's predicament before its merger agreement with Banc of California.

article thumbnail

Monzo Security Flaw Affects 500K Customers

PYMNTS

Monzo, one of the world’s largest digital banks, discovered a security flaw and is now asking half-million of its customers to change their personal identification numbers (PINs), TechCrunch reported on Monday (Aug. PINs are typically stored in a “particularly secure part of our systems.” . “No Monzo customers.

Security 116
article thumbnail

Lumin Digital To Provide LAFCU With Digital Banking Solution

PYMNTS

17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS. Lumin Digital announced today (Nov. We are pleased they chose us as that partner.”.

article thumbnail

Banc of California mulls more loan sales after PacWest deal

American Banker

The Los Angeles company has sold $6 billion of loans and securities since buying PacWest in November. CEO Jared Wolff said it might get smaller still as it strives to boost profitability.

article thumbnail

Digital Money Platform Uphold Acquires JNK Securities

PYMNTS

Digital money platform Uphold announced that it has reached an agreement to acquire New York Stock Exchange member JNK Securities Corp. The company has global operations in Braga, London, Los Angeles, Mexico City, and San Francisco. With this acquisition, Uphold will boost its compliance and regulatory policies and practices.

Security 108