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Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. Cleveland’s Dark Outlook. But paired with other data, the news looks pretty grim.

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KeyBank Takes Equity Stake in Payment Cycle Firm BillTrust

Bank Innovation

Cleveland-based KeyBank announced a partnership with cloud-based payment cycle management firm BillTrust, with KeyBank taking an equity stake in the firm, the companies said yesterday in a statement. Terms of KeyBank’s equity investment were not disclosed.

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Online Catering Platforms Help Restaurants Reach Offices

PYMNTS

Through the dashboard, which ZeroCater also uses for its own office, an office manager noticed that the company was ordering a lot of sparkling water. To help make this happen, ZeroCater recently notched $12 million in a Series B funding round with Cleveland Avenue as a lead investor, according to Crunchbase.

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Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

Greater Cleveland Community Credit Union. The system lets customers make online or in-store payments, all using the mobile app. Users were able to see a list of recent spending, with the ability to add and remove payments, manage subscriptions, update billing addresses and make other changes. Community Bank of the Bay.

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How Banks Have Adapted Their Digital Banking Systems To Serve Customers During The Pandemic

PYMNTS

Branch visits are vital to customers’ financial lifestyles, despite mobile and online banking’s growing popularity. One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets.

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Subscriptions, AR Automation, PPP Loan Forgiveness Top This Week’s News

PYMNTS

Square has announced a quick-response (QR) code-based self-service ordering function for restaurants that utilizes Square Online, allowing diners to place orders via their mobile devices. Online Auto Sales Are Where the Rubber Meets the Road. Square Unveils QR-Code Based Ordering for Eateries . percent estimated previously. .

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This Week In Insurance Tech: Gojek Rolls Out Online Insurance, Blockchain-Enabled Insurance Tests, AXA Partners with ClassPass

CB Insights

The company offers a commercial real estate management platform and offers a commercial P&C insurance program for portfolios between $500K and $10B in AUM. . Collision Management Systems , a UK-based connected vehicle solutions provider, raised an undisclosed second round of funding from investor BGF.