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Rapid Finance Taps SoFi, Galileo to Enable Rapid Access Mastercard for Small Business Financing

Fintech Finance

NASDAQ: SOFI), today announced the launch of the Rapid Access Mastercard. Rapid Finance’s Mastercard program is the first program sponsored by SoFi Bank, and managed by Galileo, giving eligible small business (SMB) customers quick and flexible access to their funds when they need it most.

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SoFi to Act as Sponsor Bank for Rapid Finance’s New Line of Credit Prepaid Card

Finovate

Small business banking platform Rapid Finance is launching a Rapid Access Mastercard , a prepaid card through which small businesses can access their line of credit. Rapid Finance’s card program is the first program sponsored by SoFi Bank.

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Setldpay Partners With Tribe for Issuer Processing

Fintech Finance

SetldPay provides solutions for any kind of prepaid card program including gift cards, fuel cards, travel & FX, B2B and commercial cards. A key USP for SetldPay is their automated funds flow that allows just-in-time funding to minimise pre-funding requirements and massively simplify reconciliation.

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Mastercard Spotlights Comm Payments Innovation

PYMNTS

From small to large corporates and even governments, the need for liquidity, data, better control and better and more efficient processes in commercial payments remains the same. “There’s a lot of jargon and words thrown out as it relates to commercial payments, but it really isn’t rocket science,” Mehra noted.

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Visa Ready Turbo Charges B2B Payments

PYMNTS

In Visa news, the credit card company is hitting back at rival Mastercard with the rollout of a B2B payments program just days after Mastercard announced its own B2B payments tool. Last year Visa launched Visa B2B Connect, a show of support for blockchain technology in corporate payments.

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Corcentric Joins The B2B Payments Game

PYMNTS

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. Speed, for instance, is a strategic factor.

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LateRooms.com: Virtual Cards Stumble (And Stride) In Corporate Travel

PYMNTS

Lately, service providers have been turning to the virtual card to address needs for electronic payment. There are barriers to accessing a virtual card payment program, however — particularly for businesses that aren’t using a Travel Management Company.