Digital payments

Square's banking bid avoids backlash that doomed Walmart's

02/12/19

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

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The case that’s challenging bitcoin’s status as payment instrument

02/12/19

Undercover cops arrested a Miami Beach man for trying to sell bitcoin for dollars. Carlton Fields attorney Matthew Kohen explains what the case means to banks.

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CFPB bans group of payday firms from lending in U.S.

02/01/19

The CFPB banned online payday lender NDG Financial, three corporate officers and nearly a dozen affiliated companies from lending to consumers in the U.S.

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Is the OCC's fintech charter really 'perfect' for mortgage lenders?

01/27/19

As suspense builds over which firm will be the first to seek the special-purpose charter, a side discussion has emerged over which financial services sector has the most to gain — or lose — from the new option.

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Startup Fundbox updates B-to-B credit for online marketplaces

01/25/19

Small businesses short on cash can use advances from Fundbox to buy products from online suppliers.

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Shutdown boosts payday lenders; CEO pay growth far outpaces rank-and-file

01/22/19

Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate.

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Are fintechs better off taking the ILC route to banking?

01/21/19

The industrial loan company charter is getting more attention as doubts grow about a new federal license for fintechs.

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Fiserv-First Data: Why small banks fear big fintech

01/16/19

The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so.

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Fiserv, First Data and the staggering fintech threat

01/16/19

The numbers behind Fiserv's deal to acquire First Data are huge, particularly considering each company's existing tonnage still makes consolidation the best play when faced with nimble fintechs and mobile startups.

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Joust launches a digital bank for gig-economy workers

01/15/19

Its mobile banking app comes with bank accounts, merchant accounts, and instant credit on invoices. Behind it is a network of community banks that will gather the deposits the app brings in.

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