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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.

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Uber Teams With Marqeta To Issue Global Cards

PYMNTS

Card-issuing firm Marqeta is forming a strategic partnership with rideshare giant Uber , to provide global cards and a payments infrastructure. “A Uber will be using our modern card-issuing technology to support its ecosystem of apps, which have more than 100 million monthly global users,” Marqeta said.

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Cash Infusion for Candescent and Lumin: Now What?

Gonzobanker

This year has delivered many that wasnt on our digital 2024 bingo card moments for our industry. Two deals that were very much needed in the market were Candescents (the artist formally known as NCR Voyix) acquisition by Veritas Capital in September for $2.45 Will new infusions in the digital banking space translate to real innovation?

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The Digital Banking Market Is Lit With Lumin and Candescent: So What?

Gonzobanker

This year has delivered many “that wasn’t on our digital 2024 bingo card” moments for the team at Cornerstone Advisors. Candescent, more like phosphorescent Picture it: Duluth, Georgia, 2014: It’s a new year, and bankers are returning from a much-needed break to learn that NCR acquired Digital Insight in a $1.65 billion cash deal.

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Is Real-Time Payments A Threat To Credit Cards?

PYMNTS

As Nanu told it, the ongoing spread of faster payments can serve to not only build a stronger commerce and payments ecosystem for Asia and elsewhere, but make credit cards less important to the further growth of the world’s digital economy. Nanu started putting together a global remittance firm for consumers and businesses in 2014.

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Senders As Issuers: A New Space For Cards In Global P2P

PYMNTS

When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with what he called the entrepreneurial itch for a while. India, for example, was almost entirely a cash-remittance market half a decade ago. The Customer As Issuer.

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2016 Innovators to Watch: 1 to 5

Bank Innovation

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.