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Everything You Need to Know About Credit Card Processing

Stax

EMV technology has gotten some pushback since its rollout in 2015, with business owners citing longer checkout times and frustrated customers. As of October 2015, all businesses that accepted credit cards were required to be able to accept chip cards as well. Q: What does ‘risk hold’ mean in credit card processing?

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Autobooks Taps Fundbox to Launch Autobooks Capital

Finovate

With fast underwriting, competitive rates, and flexible repayment options, Autobooks Capital is designed to complement traditional lending programs by helping small businesses access working capital. The new short-term working capital tool is powered by embedded capital infrastructure provider Fundbox.

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This Week in Fintech: TFT Bi-Weekly News Roundup 29/10

The Fintech Times

Appointments UK digital MGA Ripe appoints David Rowntree as its new chief underwriting officer. B2C2 clients will also benefit from onboarding onto OpenPayd, access to multi-currency accounts, and the ability to instantly send or receive third-party payments. Rowntree has held senior roles at Zurich, RSA, Legal & General and Swiss Re.

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For SMB Underwriting, Exploring A More Reliable Kind Of Alternative Data

PYMNTS

But SMB loan underwriting at traditional FIs has, for the most part, remained unchanged, even as alternative lenders began exploring the role of alternative data in the risk mitigation process. Michael Carter, CEO and president of BizEquity , has another vision in mind: lenders using the value of a small business to underwrite SMB loans.

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Today In Digital-First Banking: German Neobank N26 Eyes IPO With New CFO; Goalsetter Lands $3.9 Million Seed Investment  

PYMNTS

Morgan Chase to underwrite a possible IPO. N26, which is backed by Li Ka-Shing and Peter Thiel, rolled out its first offerings in 2015 and is one of the most valuable non-listed FinTechs in Europe. Morgan Chase and Morgan Stanley to underwrite a potential $2 billion IPO. million in a seed round. Goalsetter Raises $3.9

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Albertsons Looks To Raise $1.51B In IPO On A $11.61B Valuation

PYMNTS

… Since the Safeway merger in 2015, we have successfully completed the integration of our stores, supply chain and technology platforms. billion because the IPO’s underwriters, BofA Securities, Goldman Sachs, J.P. The banners that make up Albertsons have earned customer loyalty over decades. The IPO could fetch as much as $1.51

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US Credit Quality Rising … The Beat Goes On

FICO

In October 2015, this figure surpassed 20% of the national population for the first time since we’ve been tracking this metric, dating back to pre-recessionary 2005. in April 2015 to 17.1% in April 2015 to 11.8% At the end of that post, I asked: has the 7+ year upward trend started to level off? as of April 2016. in April 2016.