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FintechNews RoundupUSA
·Feb. 5, 2020

Zero Raises $100 Million Line of Credit

The credit facility is being provided from a fund managed by Neuberger Berman; Zero first started last July and intends...
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FintechNews RoundupUSA
·May. 27, 2020

Credit-Card Fraud Attempts on the Rise

FIS reports that credit and debit card fraud attempts have increased since the coronavirus hit the US; the dollar volume...
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Lending
·May. 17, 2024

Generation Z has it tougher than millennials: TransUnion report

While both Generation Z and millennials are maturing during difficult financial times, TransUnion’s study Solving for Z shows Generation Z has it harder.
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FintechNews RoundupUSA
·Mar. 5, 2019

US Credit Debt Ended 2018 at Record Highs

US credit card debt was $870 million as of December 2018 according to data from the Federal Reserve, an increase...
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Payments
·Feb. 28, 2024

Newer payment options boost merchant satisfaction: study

J.D. Power's 2024 U.S. Merchant Services Satisfaction Study finds 54 per cent of small businesses accept BNPL and that those operations score the relatively new way to pay highest among payment methods, with a 744 score on a 1,000-point scale.
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EuropeFintechNews Roundup
·Apr. 26, 2019

NatWest Launches Biometric Card

This marks a first for a UK bank to launch a biometric fingerprint card; it is currently in pilot phase...
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Peer to Peer Lending
·Sep. 23, 2022

P2P payments growing as SMBs seek relief from high credit card fees: Study

Business.com's 2022 payment processing study reveals several marketplace disparities, beginning with credit cards and P2P payments.
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FintechNews RoundupUSA
·May. 11, 2018

Lend Academy Article: Goldman Sachs Partnering With Apple on a New Credit Card

Despite being less than two years old Marcus by Goldman Sachs continues to aggressively expand their consumer finance business. It...
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FintechNews Roundup
·Nov. 21, 2017

Credit Card Debt in the US

Credit-card debt has grown to record highs and some large banks are reporting increased delinquency rates; this trend, combined with higher interest rates could be cause for concern according to Michael Pearce, an economist at Capital Economics; article provides data from the NY Fed on delinquent loans across student, auto, mortgage and credit card debt. Source

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FintechNews RoundupUSA
·Jan. 31, 2018

Lend Academy Article: Is Marcus Going to Launch a Credit Card?

Goldman Sachs has been busy acquiring companies to boost its consumer facing business; they now have expertise across consumer lending, small business lending and real estate; Lend Academy shares their latest acquisitions, including the acquisition of Final, a credit card startup; it seems as though credit cards was the missing piece and it's possible Goldman Sachs will enter the credit card business. Source

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