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PNC Bank announced the launch of PNC Mobile Accept ® , a fully integrated payment solution that provides its micro business clients with the ability to accept in-person credit and debit card payments directly within the PNC Mobile app. To apply or for more information about PNC Mobile Accept, please visit [link].
Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan. Four finalists were shortlisted in each category.
While the payment method is far from efficient — paper requires manual data entry, expanding the risk of mistakes and fraud and taking up valuable time — it’s often the actions before the actual act of payment bogging up cash flow. That could mean improper invoicing, delays or errors in manual data entry, or lost documents.
Data is encrypted and stored on a blockchain, which means Imbrex does not control it and cannot alter it — contributed data is controlled solely by the listing party. All data, except for public information like property location, is confidential and encrypted. Imbrex’s real estate marketplace is built on the Ethereum blockchain.
For example, Zoom has been criticized for critical vulnerabilities in its security protocols, including video calls being hacked, lack of end-to-end encryption, and in-app surveillance. In May 2020, micro-investing app Acorns followed suit, adding a Spend Account alongside its investment and retirement products.
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