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Affirm Raises $500M, Adds Bi-Weekly Plan

Affirm Raises $500M, Adds Bi-Weekly Plan
Affirm Raises $500M, Adds Bi-Weekly Plan
September 17, 2020  |  Investments

Affirm, a San Francisco-based point-of-sale (POS), buy now, pay later (BNPL) lender, announced a $500 million series G round of funding Thursday (Sept. 17) in...

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Today In Digital-First Banking: SWIFT To Retool Platform For RTP; VSoft Rolls Out Bread Merchant Payment Network
Today In Digital-First Banking: SWIFT To Retool Platform For RTP; VSoft Rolls Out Bread Merchant...
September 17, 2020  |  Banking

In today’s top news in digital-first banking, SWIFT has announced that its international platform will be updated to let financial institutions (FIs) provide instant transactions,...

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Today In Payments: NYC Approves Restaurant Surcharge; SWIFT To Create New Cross-Border Real-Time Rails
Today In Payments: NYC Approves Restaurant Surcharge; SWIFT To Create New Cross-Border Real-Time Rails
September 17, 2020  |  News

In today’s top news, New York City changed a rule banning restaurant surcharges, and SWIFT announced plans to retool its platform to enable instant transactions....

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Fed Chair: Labor Market Recovery Has Long Way To Go
Fed Chair: Labor Market Recovery Has Long Way To Go
September 17, 2020  |  Economy

Federal Reserve Board Chairman Jerome Powell said the U.S. labor market has a long way to go to meet the central bank’s maximum employment goal....

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Rent The Runway Updates Subscription Tiers Amid COVID-19 Pressures
Rent The Runway Updates Subscription Tiers Amid COVID-19 Pressures
September 17, 2020  |  Subscriptions

Rent the Runway, which gives members a way to don thousand-dollar dresses for special occasions without buying them, is updating its business model to cope...

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Facebook: Digital Sales Can Mitigate Pandemic’s Negative Effects On SMBs
Facebook: Digital Sales Can Mitigate Pandemic’s Negative Effects On SMBs
September 17, 2020  |  SMBs

Small to medium-sized businesses (SMBs) can help lessen the negative effects of COVID-19 on their firms by selling more through digital channels, according to the...

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TikTok Deal With Oracle Faces Tough Road To US Approval, Experts Say
TikTok Deal With Oracle Faces Tough Road To US Approval, Experts Say
September 17, 2020  |  Cross-border Payments

ByteDance’s bid to retain ownership of TikTok in the United States through a “partnership” with Oracle faces long odds of winning White House approval, according...

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About 1M Homeowners Could Face Foreclosure
About 1M Homeowners Could Face Foreclosure
September 17, 2020  |  Loans

Approximately one million homeowners are at risk of losing their homes through foreclosure despite the safety net established by Congress at the start of the...

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