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Finovate Global Mexico: Banorte’s Digital Bank, Amazon’s BNPL Partnership with Kueski Pay

Finovate

First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The Light Account has a monthly cap of 3,000 UDIS (investment units), which equals approximately 24,000 Mexican pesos. The new digital bank also offers financing products for bineo account holders.

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Retailers Want Fed To Revisit Debit Swipe Fees

PYMNTS

The amendment was passed following lobbying by the merchants and, of course, counter lobbying by the card networks and banks. The Fed ultimately settled on a 21 cent cap plus 0.05% of the transaction for fraud recovery (up from their original proposal of 12 cents). Pre-2011, debit card interchange fees averaged in the 44 cent range.

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Top 7 bitcoin payment gateways for merchants

Ikajo

Statista shares that bitcoin’s market capitalization formed 53% of the total cryptocurrencies’ market cap in 2019. NOWPayments This non-custodial crypto payment gateway supports 140+ cryptocurrencies. It started its operations in 2011. Bitpay settles payments via FPS, SEPA, ACH, and other bank transfer types.

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The 18 Fintech Startups in the 2020 INC 500

Fintech Labs Insights

Even more impressive is that the company was founded in 2011 and is the rare two-time top-100 company having placed #51 last year. Service UX: US Bank’s Well-Designed Appointment Scheduler. Growing a trusted brand in the financial services sectors is generally a long process.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. said U.S. “As Attorney Alex Tse. “We The Response.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. get the REPORT on next generation investors.

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Zapier Alternatives

Nanonets

That's why in this article, we're donning our investigative caps and diving deep into the world of workflow automation. We're on a quest to uncover alternatives to Zapier that won't have you breaking open the piggy bank. Higher learning curve, especially for non-Microsoft users.