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Block subsidiary secures FDIC approval for Cash App Borrow loans

Bank Automation

Consumer loans were offered earlier through external partner First Electronic Bank. Cash App saw nearly $9 billion in originations in 2024, the San Francisco-based […] The post Block subsidiary secures FDIC approval for Cash App Borrow loans appeared first on Bank Automation News. Federal Deposit Insurance Corp.

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Doha Bank Launches Visa Commercial Pay: A Step Towards a Cashless Economy

Fintech Finance

Doha Bank , one of the largest private commercial banks in Qatar is set to be the first bank in the market to officially launch VISA Commercial Pay (VCP) and the first Bank in the CEMEA region to introduce the VCP-Mobile Module, in collaboration with VISA for its Corporate Credit Card clients.

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Acumatica Debuts Automated Spend Management Tools

PYMNTS

Cloud enterprise resource planning (ERP) company Acumatica has rolled out its Acumatica Advanced Expense Management and Electronic Bank Feeds for its Acumatica Cloud ERP solution, which will increase automation and electronic banking, according to a press release.

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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts.

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B2B FinTechs Get Creative With Open Banking Use Cases

PYMNTS

This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Acumatica Links Its ERP Into Bank Data.

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Teachers Credit Union On Using Technology To Drive A Personalized Member Service Approach

PYMNTS

Some more senior CU members may still be leery of digital banking , but Rousseve said one of the pandemic’s few bright spots has been its acceleration of members’ shifts toward electronic banking solutions. This year, we’ve seen a significant trend in the adoption of electronic services by our older members,” he said.

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Today In Digital-First Banking: SWIFT To Retool Platform For RTP; VSoft Rolls Out Bread Merchant Payment Network

PYMNTS

In today’s top news in digital-first banking, SWIFT has announced that its international platform will be updated to let financial institutions (FIs) provide instant transactions, and VSoft has rolled out its new Bread merchant services network. Acumatica Debuts Automated Spend Management Tools.

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