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Stripe Capital Extends Business Lending To Online Platforms

PYMNTS

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. So we built Capital for platforms: [link].

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Q1 2019: US credit card issuer snapshot

Accenture

Credit card volume and receivables continue to grow amongst the top issuing banks for the first quarter of 2019; however, the growth rate of each has been slowing compared to prior years. Chase, Capital One and Synchrony continue to lead issuers with purchase volume growth of over 8 percent YoY?. Issuer scorecard ($billions)—Q1 2019.

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Citi Debuts Mobile App For Companies Seeking Capital

PYMNTS

Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. Before the pandemic, Citi spoke with PYMNTS about the new challenges faced by supply chains with other global crises like 2019’s trade wars.

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Amazon Crushes Earnings As Online Grocery Sales And Prime Viewership Soar

PYMNTS

The company almost doubled its revenue and profit numbers while spending more than $9 billion on capital improvement projects. billion for Q2 2019. billion in second-quarter 2019. Online grocery sales tripled. Other capital expenditures went to fulfillment, transportation and investments in Amazon Web Services.

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Open Banking Meets Instant Payments At The Online Checkout

PYMNTS

And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark. PayDirect is higher-converting, primarily because it just has a much better UX (user experience) than online card payments or bank transfers,” he explained. and Europe.

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Trustly Nets Capital Infusion From Blackrock-led Investment Group

PYMNTS

Online payment platform Trustly’s global expansion plans just got a big boost. The BlackRock-led group is injecting capital into Trustly at a time when the company is building out its network, which enables merchants to accept bank transfers with the same ease as they now take credit card payments. “At

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Online Grocery Tees Up A Post-Crisis Market

PYMNTS

It’s easy to play Monday morning quarterback for the growth of online grocery. When consumers need essential items but get scared by a high-touch environment, it’s only natural for online numbers to spike. The prevailing data and wisdom at this point is that, yes, online grocery has spiked due to COVID-19.

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