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Deep Dive: Plaid - Products, Tech, and Business

Finextra

Plaid’s API is the invisible engine enabling popular apps like Venmo, Betterment, Chime, Dave and thousands more to securely access your financial data. Apps like Mint or You Need A Budget (YNAB) use Plaid to import all your recent purchases, deposits, and bill payments in seconds, sparing you from manual data entry.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

Investing: Robo-advisors and micro-investing lower barriers to entry. Investing: Robo-advisors and micro-investing lower barriers to entry. As with robo-advisors, the rise of micro-investing apps is closely tied to millennials’ financial coming-of-age. Payments: Mobile is replacing cash. As of 2018, the app had 3.7M

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

Specifically, ACH Originators of WEB debit entries are required to use a “commercially reasonable fraudulent transaction detection system” to screen WEB debits for fraud. Trial and micro deposits of just a few cents. If the transaction arrives, it qualifies as a status check for that account.

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BankSeeds: HomeSlice is an Expense & Chore Management App for Roommates

Fintech Labs Insights

The San Luis Obispo, California company has created a “micro social network” for a single household where roommates can track chores, supplies, bills due, and payments made. The startup was recently visiting PayPal’s Venmo unit, a logical partner. Nor are they interested. So, it won’t be an easy sell.

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Sizzle Or Fizzle: The Ant Financial IPO?

PYMNTS

As is well known by now, Ant Financial , the Chinese micro-lending Internet player, has raised a whopping $4.5 The funding is a striking portrait of demand by investors with dry powder to gain entry into a nascent, technology driven market. billion in its latest financing round, a tidy sum above the $3.5

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If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

Instead, it was an ecosystem of apps that they used regularly and could access on their mobile phones: Uber, Amazon, Walmart, PayPal, Square, banking apps, OpenTable, Facebook, Instagram, Google, Venmo – and yes, WhatsApp and Messenger, to name but a few. Just like WeChat did. Of Messenger and Libra.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). Its first entry point in the market was in payments in October 2014. That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011.