Facebook platform integration to include payments across apps

Facebook platform integration to include payments across apps

Facebook this week announced it’s testing a feature called Account Center, through which users will be able to sign into Facebook, Instagram, and Messenger, and use a single Facebook Pay ID to make purchases within each of the platforms.

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Amazon tries palm payments as Square rolls out QR code-based ordering

Amazon tries palm payments as Square rolls out QR code-based ordering

Contactless payments got a major boost this week through new features rolled out by Amazon and Square.

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Business banking startup Azlo moves into subscriptions

Business banking startup Azlo moves into subscriptions

BBVA-backed digital bank Azlo launched a subscription-based service called Azlo Pro, which includes invoicing, and automated budgeting for payroll and taxes.

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Goldman shuffles leadership at consumer banking unit

Goldman shuffles leadership at consumer banking unit

Harit Talwar, who has been Goldman Sachs’ global head of consumer business and the public face of its Marcus unit since 2015, is leaving his position, according to a Bloomberg report.

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Finicity launches new underwriting tools to help FIs reach new customers

Finicity launches new underwriting tools to help FIs reach new customers

Data aggregator Finicity, which Mastercard agreed to acquire in June in a deal valued at nearly $1B, launched a new product suite called Finicity Lend, which is designed to help lenders reach more consumers through a closer line of sight on transactions.

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Wells Fargo inks data-sharing agreement with Envestnet Yodlee

Wells Fargo inks data-sharing agreement with Envestnet Yodlee

Wells Fargo has signed an agreement to enable API-based secure data sharing with aggregator Envestnet Yodlee, allowing customers to securely share data with 1,400 third-party financial applications

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Bind debuts personalized health plans

Bind debuts personalized health plans

Bind Benefits, a Minneapolis-based digital insurance startup, has launched personalized health plans that allow patients to choose treatment options with transparent pricing. It launched in Florida with employers of 50+ employees, and the company plans to expand to Ohio, Texas, Virginia, and Wisconsin.

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1Password taps Privacy.com to allow users to generate virtual card numbers

1Password taps Privacy.com to allow users to generate virtual card numbers

Password manager 1Password and virtual card payment startup Privacy.com are partnering to allow users to create virtual card numbers for every merchant.

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Citi pledges $1B to close racial wealth gap

Citi pledges $1B to close racial wealth gap

Citibank and the Citi Foundation committed $1B in funding to enhance access to financial services for communities of color.

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Ex-PayPal CEO launches new challenger bank

Ex-PayPal CEO launches new challenger bank

Amid continued growth for challenger banks, digital bank One, created by former CEO of PayPal Bill Harris and former Capital One exec Brian Hamilton, launched in the U.S. this week.

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Chinese government taps e-commerce giant JD.com for digital currency project

Chinese government taps e-commerce giant JD.com for digital currency project

Chinese media reported this week that the country’s central bank is working with e-commerce behemoth JD.com on mobile apps that will support a digital yuan.

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Suspicious transaction reports expose cracks in bank AML frameworks

Suspicious transaction reports expose cracks in bank AML frameworks

A Buzzfeed investigation on more than 2,100 suspicious activity reports banks filed with the U.S. Treasury Department’s Financial Crimes Enforcement Network reveals that over a period of nearly two decades, major institutions moved trillions of dollars for suspected terrorists, drug dealers, and corrupt foreign government officials.

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Real estate investment startup Cadre launches savings account with 3% interest

Real estate investment startup Cadre launches savings account with 3% interest

Cadre, a 6-year-old startup that lets clients invest in real estate, is rolling out a savings account that offers 3% interest up to the amount clients have invested in their real estate portfolios.

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Flexible rent payment startup Till raises $8M for expansion

Flexible rent payment startup Till raises $8M for expansion

Till, a Washington, D.C.-based startup that allows customers to set customized rent payment schedules, has raised $8M in seed funding to enhance the platform and grow adoption.

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Flywire and Mastercard partner to streamline cross-border tuition payments

Flywire and Mastercard partner to streamline cross-border tuition payments

Mastercard and Boston-based payments company, Flywire, are working together to make cross-border tuition payments easier and faster for students.

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