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Today In Payments: Marqeta Preps For IPO, Had $4.3B Valuation In May; Punjab National Bank Faces Third Major Fraud

PYMNTS

In today’s top news, Marqeta prepares for an IPO, and Punjab National Bank was defrauded $491 million by one of its customers. Oakland, California-based issuer processor Marqeta, which is backed by Goldman Sachs, is preparing for an initial public offering (IPO) and seeking out investment banks for advice. Valuation In May.

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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

Small Business Administration What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave? Tune in all week for live-streaming , beginning at 7:30 p.m. Every business starts small.

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New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. Other cities following suit include Berkeley and Oakland, California and Sommerville, Massachusetts.

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Raiders Stadium Caught In Contractor Non-Payment Lawsuit

PYMNTS

National Football League franchise the Oakland Raiders has been named in a lawsuit amid allegations of non-payment for construction on the team’s new stadium in Las Vegas. Reports in the Las Vegas Review-Journal this week said a subcontractor working on the stadium, ADF International, filed a lawsuit claiming it is owed $2.8

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2014 ICBA Community Banker of the Year Awards Video

Independent Banker

National Award Recipient. Founder, chairman and CEO of Summit Bank, Oakland, Calif. ICBA received more than 400 total nomination entries for the Community Banker of the Year Awards from co-workers, community members, directors and retirees. Shirley Nelson. Eastern Region Award Recipient. Ronald Paul. Central Region Award Recipient.

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ICBA Community Bankers of the Year

Independent Banker

Four community bankers were selected for this year’s recognition: National Award Recipient. Summit Bank, Oakland, Calif. ICBA Senior Executive Vice President, Chief of Staff. The 2014 Community Banker of the Year Recipients. Shirley Nelson. Founder, chairman and CEO. – Eastern Region Award Recipient. Ronald Paul.

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Building from Scratch

Independent Banker

National Award Recipient. Bank Headquarters: Oakland, Calif. Like a craftsman bricklayer steadily assembling a sturdy house, Nelson built her successful career and her community bank in Oakland, Calif., Two years later, Nelson moved as a single mom to Oakland, where she again found a job as a teller at a regional bank.

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