Payments News

On The Web

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Providers

A Brief History—and Future—of Credit Scores

“About half the world’s economies have private-credit bureaus, of varying degrees of sophistication. Their rise not only greased the wheels of economic development but also presaged the arrival of the data-driven, algorithm-mediated economy of the 21st century. Now entrepreneurial companies are taking that blend of finance and technology to the developing world, drawing on new […]
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Providers

N26 Sets Sights on Future IPO

“Co-founder and chief executive, Valentin Stalf, has told the Financial Times that the fintech – which has amassed 3.5 million clients since its 2015 launch – plans to eventually apply for an IPO, as part of its aim of building a global brand. “We want to provide the app that you turn to every day to deal with […]
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Providers

Revolut Launches Stock Trading in Limited Release

“Fintech startup Revolut is launching its stock trading feature today. It’s a Robinhood-like feature that lets you buy and sell shares without any commission. For now, the feature is limited to some Revolut customers with a Metal card. While Robinhood has completely changed the stock trading retail market in the U.S., buying shares hasn’t changed […]
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Providers

Square Brings New Checkout Device to Canada As Competition Increases – BNN Bloomberg

“Square Inc. (SQ.N), which started about a decade ago with a smartphone-based credit card scanner used mainly by small businesses, has launched a device in Canada aimed at disrupting a market of larger retailers dominated by Canadian banks. Square’s white plastic device, called the Terminal, replaces the physical keypad design with a glass touch screen […]
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On The Wires

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Providers

U.S. Bank Enters Co-brand Agreement With BMW to Issue New Cards With Enhanced Digital Experiences, Greater Value to Customers

“U.S. Bank, the fifth-largest bank in the United States, has entered into a co-brand agreement with BMW Financial Services NA, LLC to issue credit cards that will deliver enhanced digital experiences and greater value to BMW, MINI and BMW Motorrad enthusiasts. U.S. Bank has also acquired the existing credit card portfolio from BMW Bank of […]
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Deals

SecurCapital Acquires Breakout Capital Finance’s Lending Business

“SecurCapital Corp, an expanding supply chain and financial services provider headquartered in California, today announced the acquisition of the lending business of Breakout Capital Finance, a leading fintech company and nationwide small business lender. SecurCapital is also providing additional equity capital to drive growth in Breakout Capital Finance’s two primary lending products: its highly regarded and […]