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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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End of an Era: It’s Hard to Say Goodbye to Mortgage Banking Magazine’s Janet Hewitt

William Mills

She says some of her most memorable interviews were with Lew Ranieri, head of the mortgage securities department at Salomon Brothers; HUD Secretary Mel Martinez; and the long-time House Banking Committee Chairman Henry Gonzalez (D-Texas). Here’s what she had to say: “I was born and raised in Oakland, Calif., So, I became a big fan.

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Changing the Conversation About Income Volatility

PYMNTS

Self-employed contract workers, commission-based employees, tip-based workers, small business owners and seasonal workers all face variations on income volatility, according to Joanna Smith-Ramani, program director of the Aspen Institute Financial Security Program’s Expanding Prosperity Impact Collaborative (EPIC).

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Stop extreme cash and stop it now

Tomorrow's Transactions

While I was undercover, as a sleeper deep behind enemy lines, at Security Printers 2016 , I picked a copy of a report from Guillame Lepecq’s Cash Essentials. According to a study undertaken by the National Association of Convenience Stores and Walgreens, handling pennies adds 2 to 2.5 And they don’t have to wait for national policy!

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PayPal, Kiva Team To Launch New Tools For Small Business Month

PYMNTS

The events will take place in Atlanta, Chicago, Houston, Minneapolis, Omaha, Oakland, Portland (Ore.), and more locations, including workshops that will educate small business owners on issues such as securing financing, leveraging digital tools to enable growth and sharing ways to compete globally. “We Washington D.C.

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