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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

PYMNTS

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. President Barack Obama is warning about the potential negative impact that technology can have on society. Security Concerns Prompt Fed To Strengthen Big Tech Oversight.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories. But, the reality was, even though I felt more financially secure, I wasn’t technically in any less debt than I would have been had I just bought the shoes outright.

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The United States Of Startups: The Most Well-Funded Tech Startup In Every US State

CB Insights

Using the CB Insights database, we identified the most-well funded VC-backed technology startups by state based on disclosed equity funding. Four states did not have any companies that met all our criteria for inclusion in the map: Alaska, Mississippi, South Dakota, and Wyoming. Tilson Technology Management. North Dakota.

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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. million users in 2016.

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OCC targets BSA/AML compliance by Anchorage Digital Bank – only 15 months after granting bank charter to the crypto custodian

CFPB Monitor

The OCC’s actions send a clear message that regulated entities offering emerging technology financial services must adhere to the same BSA/AML monitoring and reporting requirements as more traditionally regulated entities. The January 2021 Operating Agreement .

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MetaBank, Fiserv To Issue Preloaded Visa Cards For Stimulus Payments

PYMNTS

Treasury will allow two financial technology companies to issue prepaid Visa cards loaded with coronavirus stimulus payments. Reuters reported its sources confirmed MetaBank of South Dakota and Wisconsin-based Fiserv got the go-ahead following lobbying of the Internal Revenue Service (IRS) by payment industry groups.

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Fintech Fundings: 20 Companies Raise $175 Million Week Ending Nov 6

Fintech Labs Insights

HQ: Sioux Falls, South Dakota. Mobile payments technology. Blockchain technology. Tags: Consumer, investing, trading, securities. Source: Crunchbase. Expansion Capital Group. Small business alt-lender. Latest round: $25 million Debt. Total raised: $37.1 million (includes $35 million debt). Source: Crunchbase.

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