By Jeff Domansky, March 3, 2021 Payment services company Square Inc. officially launched its bank yesterday. A year after Square Financial Services (SFS) received charter approval from the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. Headquartered in Salt Lake City ...
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Banking
Banking
By Jeff Domansky, Feb 26, 2021 The UK fintech business is big for a midsize nation. It contributes $15.5 billion to the UK economy annually and holds around 10% of the global fintech market. A new report on Britain’s fintech industry, commissioned by the Chancellor ...
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By Jeff Domansky, Feb 1, 2021 Contactless payments are now approaching tsunami size. The latest Visa Back to Business Study shows just how far and fast adoption has occurred by merchants and consumers, even in the lagging US market. The research covered business and consumers ...
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By Jeff Domansky Jan 26, 2021 US bank and credit union customers didn’t seem to miss visits and lineups at their favorite financial institution during the past year. In fact, in the space of 10 months during the pandemic, 42% of customers used mobile deposits ...
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Greenwood founders (l to r): rapper Michael “Killer Mike” Render, Ambassador Andrew Young, Bounce TV founder Ryan Glover By Jeff Domansky, Jan 21, 2021 It’s only fitting that Atlanta-based digital bank Greenwood is building financial services for the Black and Latinx community, given its ownership ...
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By Jeff Domansky, Jan 13, 2021 Walmart announced plans for a new fintech startup that could soon offer its 265 million weekly customers a basket of fresh new financial products like those available from other successful fintech startups. The announcement offered no initial details on ...
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By Jeff Domansky, Nov 23, 2020 Visa and Conferma Pay, announced a strategic partnership to launch Visa Commercial Pay, a suite of B2B payment solutions designed to improve cash flow for businesses and eliminate outdated manual processes. Visa Commercial Pay provides comprehensive card-program management capabilities, including ...
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By Jeff Domansky, Nov 17, 2020 In a new partnership with on-demand pay technology firm Even, PayPal will offer its US employees access to an early-pay service and other financial wellness tools designed to improve financial stability and enhance employee budgeting, savings, and other financial ...
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By Jeff Domansky, Nov 16, 2020 Uber and Latin American fintech EBANX have launched an exclusive payments partnership for processing Brazil’s new instant payments system Pix. Brazilians will be able to pay for their Uber rides and Uber Eats orders with Pix and EBANX through ...
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Highlights from Squawk Alley anchor Carl Quintanilla’s Nov 10 CNBC Evolve Summit interview with Visa Chairman and CEO Alf Kelly By Jeff Domansky, Nov 10, 2020 Between the pandemic, new competition, and a looming US Department of Justice antitrust lawsuit, let’s just say Visa, along ...
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