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Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. That was it.

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BNPL Sezzle Raises $55M

PYMNTS

Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. The money came from a fully underwritten placement, the release states, and the firm was supported by existing and new CHESS Depositary Interest (CDI) holders.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. More specifically, the upcoming Verizon 5G rollout in Chicago and Minneapolis represents, according to one report , development of the company’s “first standards-based 5G network.” 5G Potential.

Mobile 168
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U.S. Bancorp pledges $116 million to address racial inequality

American Banker

As part of its commitment, the Minneapolis company said it will provide $100 million in capital to African American owned and operated businesses and organizations.

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Ceridian Introduces Digital Wallet For Real-Time Employee Payments

PYMNTS

Human capital management (HCM) software as a service (SaaS) firm Ceridian is launching Dayforce Wallet to give people the flexibility of getting paid in real-time, whenever they want it. Headquartered in Minneapolis, Ceridian went public in 2018 and its stock is listed on the New York Stock Exchange and Toronto Stock Exchange.

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ConnexPay raises $110M for tech enhancements

BankInovation

Payments technology platform ConnexPay secured a $110 million investment last week from growth equity firm FTV Capital to help support technology enhancements and grow its international team, according to a release.

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Kashkari Vs. Dimon For Battle Of The Bankers?

PYMNTS

As CNBC reported , Neel Kashkari, who serves as Minneapolis Fed president, is “taking on” Dimon, the financial arena’s “perhaps most well-known and powerful name,” in a spat over what Kashkari has called Dimon’s “demonstrably false” statements about financial firms. Yet Kashkari takes issue with that characterization.