X nabs Rhode Island, Mississippi money licenses
Payments Dive
SEPTEMBER 7, 2023
The new licenses are aimed at advancing Elon Musk's campaign to expand the social media company formerly known as Twitter into the payments business.
Google, Amazon Tech Help States Handle Jobless Claim Boom
PYMNTS
MAY 12, 2020
Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported. Help is on the way for beleaguered states facing a record number of jobless claims.
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Senate Democrats press Zelle parent firm on scam reimbursement policy
American Banker
FEBRUARY 16, 2024
Sherrod Brown of Ohio, Jack Reed of Rhode Island and Elizabeth Warren of Massachusetts asked Early Warning Services, which operates the payment platform Zelle, to clarify its reimbursement policy around impostor scams.
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Rhode Island Gives London's WorldRemit a Key Market in U.S.
Payments Source
OCTOBER 17, 2016
states with the announcement that it’s added a proprietary license in Rhode Island. WorldRemit inched closer to its goal of obtaining its own money transmitter license in all available U.S.
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Will COVID And Fraud Finally Kill The Paper Check?
PYMNTS
AUGUST 4, 2020
Consider the roughly 200 Rhode Islanders who recently received tax refund checks signed by Mickey Mouse and Walt Disney. Their signatures took the place of Rhode Island General Treasurer Seth Magaziner and State Controller Peter Keenan ’s John Hancocks, which should have been on the checks.
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25 Million Mobile Users, Only 2 Million on Bank of America’s Erica
Bank Innovation
AUGUST 30, 2018
Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica.
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Rebranded Citizens Pay Expands POS Merchant Services
PYMNTS
JANUARY 11, 2021
Providence, Rhode Island-based Citizens Financial Group is advancing the reach of its national point-of-sale (POS) offering for merchants, renaming it Citizens Pay, the company announced Monday (Jan. Additional purchases can be financed without another credit application. Citizens has extended more than $6.4
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8.9.19 Your morning briefing
Payments Source
AUGUST 9, 2019
Today: Commerz pilots M2M; Postmates deploys robots; Libra encourages new technology; State Farm suffers a breach; Rhode Island issues crypto regulations. The information you need to start your day, from PaymentsSource and around the Web.
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COVID-19 Makes College Fees Murkier
PYMNTS
AUGUST 20, 2020
For example, Brown University in Providence, Rhode Island said it has reduced school fees by more than $600 for the fall semester. Flywire serves as a payments platform for educational institutions and other clients. A Tuition Payments study done by PYMNTS and Flywire about a year ago showed that the 31.7
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Using Debit Cards To Bridge The Stimulus Accessibility Gap
PYMNTS
JULY 28, 2020
The July Next-Gen Debit Tracker® digs into how debit payments are being leveraged to support consumers during the pandemic. Deep Dive: Why The Treasury Switched To Debit Card-Based Stimulus Payments. Around The Next-Gen Debit World. To find out more about these stories and other headlines, read the Tracker’s News and Trends.
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US Rental Marketplace Zumper Closes On $60M Series D Round
PYMNTS
MARCH 10, 2020
The site has a 100 percent year-over-year revenue growth and has expanded its employee base to 200 people in offices in San Francisco, Scottsdale, New York, Chicago and Rhode Island. Zumper also uses a digital system for making rent payments. and Canada.
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CVS Returns $43M In Provider Relief Funds
PYMNTS
MAY 20, 2020
million in payments it received through the CARES Act’s Provider Relief Fund, Fox Business reported. CVS Health has agreed to return $43.3 The fund provides $175 billion to hospitals and healthcare providers involved in the coronavirus response, according to HHS. The grants are automatically based on Medicare fee-for-service reimbursements.
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Amazon, Google, Facebook, Apple CEOs To Face Congress
PYMNTS
JULY 2, 2020
David Cicilline (D-Rhode Island), chairman of the House Antitrust Subcommittee, has asked each of the company’s executives to testify before completing its investigation and crafting reforms that would regulate the digital market. Cook testified in 2013 about Apple’s payment of taxes, CNBC reported.
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CFPB settles with New Jersey debt buyer for alleged FDCPA and CFPA violations based on unlicensed collection activity
CFPB Monitor
DECEMBER 29, 2020
The collections law firms then sent the consumers letters demanding payment of the full past-due amounts and referencing the fact that the firm had been “retained” for the “collection of this debt.”
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Citizens Bank Partners With Microsoft Xbox All Access
PYMNTS
OCTOBER 28, 2019
Citizens Bank’s POS financing offers a payment and purchase model for retail purchases. Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website.
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Citizens Bank To Offer Consumer Financing For Microsoft’s Xbox All Access
PYMNTS
OCTOBER 28, 2019
Citizens Bank’s POS financing offers a payment and purchase model for retail purchases. Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website.
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Report: 80 Pct. Of NJ Gamblers Place Wagers Online
PYMNTS
SEPTEMBER 2, 2019
Legislators in Rhode Island, for example, debated allowing mobile sports betting after extending it to casinos. Legal online sports gambling is providing business opportunities not only to payment services providers but also to companies that sell digital ID authentication services. That’s pushing companies like casino site 888.com
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US Lawmakers Want Cheaper Chapter 11 For SMBs
PYMNTS
DECEMBER 3, 2018
Sheldon Whitehouse (D-Rhode Island), would introduce incentives for small business owners that want to maintain ownership of their companies. According to The Wall Street Journal ( WSJ ) on Friday (Nov. 30), two U.S. million or less in debt. The Small Business Reorganization Act of 2018, introduced Thursday (Nov. 29) by Sen.
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States Continue with Amex Steering Suit, DOJ Abandons Antitrust Efforts
PYMNTS
JUNE 5, 2017
The states that are continuing with the case are: Ohio, which is the lead plaintiff, Idaho, Illinois, Iowa, Connecticut, Maryland, Michigan, Montana, Rhode Island, Utah and Vermont. Fees that merchants pay for processing transactions are estimated to bring in about $50 billion annually, the government has reported.
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Small Building Contractors Shift Gears As COVID-19 Shrinks Business
PYMNTS
APRIL 8, 2020
president and owner of Energy-One , a heating, air conditioning and oil delivery service firm based in Rhode Island and serving that state and Massachusetts, told Karen Webster that survival is top of mind. But those pressures are a ways off, and there still remains a backlog for payments due to Energy-One for work already performed.
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Google’s AG Onslaught A Big Fizzle For Tech
PYMNTS
SEPTEMBER 13, 2019
“Today’s document requests are an important milestone in this investigation as we work to obtain the information that our Members need to make this determination,” Congressman David Cicilline of Rhode Island, who chairs the subcommittee and is leading the antitrust investigation, said in a statement.
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How Charitable Giving Boosts Online BNPL Sales, Customer Engagement
PYMNTS
AUGUST 24, 2020
The addition of installment payment company Afterpay ’s buy now, pay later (BNPL) offerings to Casely’s website in January also brought higher customer spend, with average order values rising 24 percent and conversion rates jumping to about 4 percent in the first few months. The Nonprofit Effect. A BNPL Loyalty Boost.
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At House Hearing, Smaller Tech Players Claim Unfair Biz Tactics from Big Tech
PYMNTS
JANUARY 20, 2020
David Cicilline of Rhode Island, who serves as chairman of the House Judiciary antitrust subcommittee. “It The testimony of those executives alleged that Big Tech has been abusing its dominance of various marketplaces to stack the playing field against small-to-midsized companies. “It
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The United States Of Fintech Startups
CB Insights
NOVEMBER 6, 2019
Payments startup Klarna ($460M VC round). 17 startups on the map have raised over $100M in disclosed equity funding, including Utah-based expense management platform Divvy ($253M), and Missouri-based PayIt ($133M), which facilitates payments between citizens and government services. Rhode Island. Allied Payment Network.
Innovation Or Annihilation: The Choice Restaurants Face As Recovery Revs Up
PYMNTS
JUNE 8, 2020
But that’s not happening nationwide, according to Brian Hassan , co-founder and co-CEO of Kickfin , which works with restaurants on payment solutions, and Stephen DeSousa , CEO at Broadway Hospitality Group , which represents 14 Massachusetts and Rhode Island eateries. Let’s use the plexiglass.
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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State
CB Insights
OCTOBER 26, 2017
Allied Payment Network. $ Rhode Island. College Avenue Student Loans. YellowPepper. Inked Brands. $ Regent Education. Massachusetts. North Carolina. AvidXchange. CreditPoint Software. $ Pennsylvania. InstaMed Communications. South Carolina. South Dakota. ReliaMax. $ Digital Reasoning Systems. BigCommerce.
The PayPal Recipe
PYMNTS
SEPTEMBER 12, 2016
PayPal is making deft maneuvers in its efforts to quickly build and scale a global payments platform. PayPal may have ended its relationship with eBay, but it has been aggressively pursuing the store payments space by striking deals with Visa earlier in 2016 and with Mastercard on Sept. Up to Friday’s (Sept. percent this year.
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100 ML for driving behavior
CB Insights
FEBRUARY 18, 2018
As of now, HiRoad is only available in Rhode Island, where State Farm does not have any captive agents. Recall HiRoad is a State Farm subsidiary offering digital direct car insurance as well as discounts based on good driving tracked by its smartphone app.
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Waze Introduces Contactless Payments At ExxonMobil, Shell Stations
PYMNTS
AUGUST 13, 2020
Waze, the popular GPS navigation app owned by Google, has introduced contactless payments for ExxonMobil and Shell card holders in the U.S. Chairman David Cicilline (D-Rhode Island) asked Pichai if Google has evolved from a turnstile to the rest of the web to a walled garden that increasingly keeps users within its sites.
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Car Insurance for 16-Year-Olds: How Much Does It Cost?
MyBankTracker
JANUARY 13, 2021
Rhode Island $11,774 $5,388. Rhode Island $10,023 $4,603. They also offer discounts for paperless documents, paying your premium in-full, setting up automatic payments, and the Progressive Snapshot safe driver discount, that results in an average savings of $145. Louisiana $12,702 $6,044. Kentucky $10,711 $3,775.
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Opploans Personal Loans Review: For Borrowers With Bad or No Credit
MyBankTracker
MAY 23, 2020
On-time payments can help build credit. Despite Opploans low maximum loan amount, you can take up to 36 months to repay the loan (varies by state and loan amount) , giving you the flexibility to customize your monthly payment. It directly impacts your monthly payment and how much the loan will cost. Borrowing Amounts.
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Capital Good Fund Personal Loan Review: An Unsecured Payday Loan Alternative
MyBankTracker
AUGUST 28, 2020
Capital Good Fund is a non-profit financial institution that offers personal loans to residents in Florida, Massachusetts, Rhode Island, Delaware, and Illinois. You’ll make monthly payments until you’ve paid the balance in full. You will not pay closing costs, nor are you required to make a down payment.
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WePay Launches in the U.K.
Fintech Labs Insights
JULY 26, 2016
Payments-as-a-service company WePay is launching outside of the U.S. WePay CEO Bill Clerico said the launch facilitates what has “traditionally been a frustrating process for companies that offer payments.” The company has also opened an office in Providence, Rhode Island to support extended customer support hours.
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Mobile apps for community banks: In search of business value
NCR
NOVEMBER 15, 2016
For example, Bank Newport, a Rhode Island community bank, has been serving locally for nearly 200 years. Beyond that, mobile banking can include value-added transactional and interactive features , such as personalized reminders and notifications, financial analyzers, person-to-person payments, etc.
How to Buy Health Insurance on Your Own Through Marketplaces
MyBankTracker
DECEMBER 8, 2020
States that run their own marketplaces include: California Colorado Connecticut District of Columbia Idaho Maryland Massachusetts Minnesota Nevada New Jersey New York Pennsylvania Rhode Island Vermont Washington Health Insurance Brokers. You can get an advance of the tax credit to lower your monthly premium payment in some cases.
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52 Swipely Rebrands as Upserve to Focus Exclusively on Restaurants
Fintech Labs Insights
MARCH 7, 2016
The Rhode Island-based company was founded in 2009 to “provide marketing tools to main street merchants,” and has since narrowed its focus to offer analytics tools exclusively to restaurants. Upserve presented at FinovateSpring 2012 where it demoed Payment Marketing. Today’s rebranding reflects that focus.
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Intuit Inks Deal To Purchase Order Management Provider TradeGecko
PYMNTS
AUGUST 4, 2020
QuickBooks, for its part, is a partner for over 7 million small companies throughout the globe, with a collection of services that assist firms in receiving fast payments, paying workers and supervising funds. David Cicilline (D-Rhode Island) questioned the arrangement within weeks of the transaction’s announcement.
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Bringing The Farmers Market Online With Apps
PYMNTS
JUNE 17, 2019
That opens the door for producers from Southern Maine, New Hampshire, Western Massachusetts and Rhode Island.) Vendors can sign up through the company’s website or mobile app, and they receive payment through their checking accounts. For deliveries, the company does milk-run logistics.
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122 Small Business Bankruptcy Bill Becomes Law
PYMNTS
AUGUST 28, 2019
Sheldon Whitehouse (D-Rhode Island), included incentives for small business owners to retain ownership of their companies, as well as creditor protections. The law will take effect on Feb. 19, 2020, reports said. The legislation, which was first proposed late last year by Sen. Chuck Grassley (R-Iowa) and Sen.
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Gaming Disbursements, Fitness Studios, Georgia’s Reopening Top This Week’s News
PYMNTS
MAY 8, 2020
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. Department of Justice said that two individuals were charged in Rhode Island with fraudulently pursuing loans through the PPP. Why Consumers Aren’t In A Rush To Reopen The Economy.
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Coronavirus’ Contagion Spreads Across Travel Ecosystem
PYMNTS
MARCH 12, 2020
New travel curbs imposed by President Donald Trump as the coronavirus spreads will send seismic shudders throughout the travel ecosystem — and by extension, the payments ecosystem as well. By Thursday, California, Rhode Island, Pennsylvania, Washington and Oregon had advised or had outright prohibited large gatherings.
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121 Of The Biggest, Costliest Startup Failures Of All Time
CB Insights
NOVEMBER 9, 2017
He believed Powa would set down mobile payments infrastructure that would be just as revolutionary. Despite those early customers, processing fingerprint payments has not taken off as expected. Select VC Investors: Rhode Island Economic Development Corporation. Company: Pay By Touch. Total disclosed funding: $130M.
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New Klobuchar Bill Will Attempt To Curb Monopolies, Big Tech Power
PYMNTS
JANUARY 26, 2021
David Cicilline of Rhode Island, although Klobuchar’s version won’t include provisions to undo previous mergers or other structural reforms like Cicilline had advocated, NYT reported. It would also give more funding to antitrust agencies, according to NYT.
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Libra’s Long Week In Washington
PYMNTS
JULY 22, 2019
“Facebook, which is a publishing platform, an advertising network, a personal telecommunications network, a surveillance corporation, a content distributor, now also wants to establish a currency and act through its wallet as, at a minimum, a payment processor. Why should these activities be consolidated under one corporation?”
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