Square’s ILC Charter Application Finds Broad Support
When Square initially filed for an ILC charter there were many in fintech who though the payments firm was doomed like Walmart was more ...
Online Small Business Lending Platforms Helped to Fuel Economic Growth
When banks pulled back from lending to any small business perceived as risky in the wake of the financial crisis there was a new group ...
Fintechs Might See ILC Charters as the Way Forward
There is uncertainty surrounding the OCC fintech charter because the Fed is rumored to not fully support the idea; that now puts the industrial ...
Square Launches Debit Card for Business Owners
Square continues their push into banking by offering a new debit card to business owners; “We now offer all sellers who use our point ...
Fiserv Acquisition Shows Threat of Fintech
Fiserv‘s acquisition of First Data points to the power of fintech and the threat it poses to more traditional payments and banking technology providers; ...
Announcements & Releases for January 4, 2019
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt 2019 could be the year CRA deadlock ends ...
Square Refiles Bank Application
Square is refiling their application with regulators to become a wholly owned bank in Utah; Square Financial Services Inc. will offer loans, deposit accounts ...
Big Tech Firms Push the Fed to Take Lead in Real Time Payments
Amazon, Apple, Google, PayPal, Square, Stripe and Intuit all joined a letter sent to the Federal Reserve asking the central bank to take the lead ...
Point of Sale Lending Growing for Everyday Purchases
Millennials have no love of credit cards and they are demonstrating this in their embrace of alternative payment methods. Rather than buying jeans and t-shirts ...
PayPal and Square Becoming Leaders in Small Business Lending
PayPal and Square are quietly becoming two of the largest small business lenders in the country. They are often dealing with very small businesses that ...