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Trustly Nets Capital Infusion From Blackrock-led Investment Group

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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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SMBs’ Online Lending Surge Raises Borrower Protection Concerns

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Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But the majority of online SMB lenders do not disclose publicly their fees and interest rates, reports warned.

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. California-based automaker Tesla is one company that has witnessed the merits of offering 2FA for its car owners.

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California Closes In On Extending Borrower Protections To SMBs

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California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. The bill was cleared by the Senate in May, and is closing in on a vote in the state Assembly.

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Top News In Payments: R3 Works With Mastercard On Blockchain Tech; Uber Pushes Back On California Law

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Also, Uber will reportedly fight the recent passage of controversial labor legislation in California per reports. Robert Chapman, founder of California investment firm Chapman Capital, said per reports , “It is reasonable to conclude that a relatively large acquisition by Groupon is forthcoming,”.

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Digital Payments, Online Ordering And Memberships Top This Week’s News

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We have deep dives on digital payments, online ordering and memberships. From Online Ordering to Cupcake ATMs: How Sprinkles Prepared for the Pandemic. Sprinkles , a California-based confectioner, adopted digital ordering almost 10 years ago for custom cakes and catering. Fun, Cool and Otherwise Interesting.

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B2B Venture Capital Spans SMB Banking, V-Cards, Global Payments And More

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In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Below, find the latest in B2B venture capital funding. The California startup announced $28 million in Series B funding this week, according to VentureBeat reports, led by Tola Capital.

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