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Bezos: Global Testing Needed To Combat COVID-19

PYMNTS

In a letter to shareholders filed with the Securities and Exchange Commission (SEC) on Thursday (April 16), the Amazon CEO said testing on a global scale would help keep people safe and get the economy back up and running. Earlier this week, James Bullard, president and CEO of the Federal Reserve Bank of St.

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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

In the January Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including a retrospective look at the CU industry in the 2010s, an examination of hybrid cloud technology and a new synthetic identity security threat that could steal hundreds of thousands of dollars. CUs like St. Around The Credit Union World.

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Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. This month the Federal Reserve named Dave Sapenaro , its current first vice president and chief operating officer at the Federal Reserve Bank of St.

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Mobile Payments: Adornments For the U.S., mVisa For The Unbanked In Nigeria

PYMNTS

Mobile Payments Startup OPER Raises $750,000. Louis-based startup has defied the odds and raised $750,000 during a slowdown in funding for Fintech startups. Serra Ventures, which provided the financing, is showing confidence in OPER — short for order, pay, earn, redeem — a mobile payments and rewards platform.

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Faster Payments And The Fed, Two Years On

PYMNTS

David Sapenaro, first vice president and chief operating officer of the St. It may be no surprise that security remains top of mind for the innumerable stakeholders in the payments arena. Challenges the task force needs to address include identity management, data protection and information sharing.

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Is commercial lending on the rise?

Independent Banker

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. Source: St. Photo: Jon Christopher Meyers. First Business Bank in Madison, Wis., parent company of the $2.7 billion asset community bank.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

The piece covers: The small business lending market and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. Louis Fed : [S]mall-business loans—i.e.,

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