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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Verticals within the SMB realm that may be receptive to online lending, he said, include manufacturing and retail.

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Short-Term Rental Hosts Undercut Airbnb With Pricing, Bookings

PYMNTS

Dissatisfied with Airbnb and other short-term rental companies, many hosts have created their own direct-booking websites to boost business and end years of frustration with the original online marketplace for lodging and its competitors, according to CNBC. Some of these websites have been in the works before the pandemic struck.

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Popular Becomes Second To Launch Credit Cards For Use In Cuba

PYMNTS

and the first in Puerto Rico to offer its credit cards for use in Cuba. In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country.

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Singtel Teams With Axiata Digital; Cleartrip Integrates Apple Pay

PYMNTS

Welcome to The Axis, your late look at payments news from around the world. European tech firm Aave is rolling out its Aave Pay app, online travel firm Cleartrip has brought Apple Pay to its mobile app in Saudi Arabia and Elavon has been selected by Canada’s Jetlines for payment services. Elavon has customers in Canada, the U.S.,

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Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into Amazon, Flipkart On Hold

PYMNTS

In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Puerto Rico Falls Prey To $4M Online Fraud. Also, Flywire raised $120 million and acquired Simplee Healthcare.

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Grocery Round-Up: Digital-First Delivers For Kroger, Another Instacart Pair-Up And Hoarding Round 2

PYMNTS

Online sales were up 108 percent during the quarter. In late October , Cincinnati-based Kroger announced its “Restock Kroger” program — which aims to improve shipping, distribution and the links between its online and offline businesses — would be a major boost for shareholders. billion since March.”. "As

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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

” Rather, they argue that the advances are payments for compensation already earned. Puerto Rico Comisionado de Instituciones Financieras. Participants in these programs do not view the advances as “loans” or “credit” or the tips as “interest” or “finance charges.” New Jersey Department of Banking and Insurance.