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- LendingClub Corp. said its LendingClub Bank unit introduced LevelUp Checking, which includes a debit card. LendingClub specializes in personal loans. LevelUp Checking users with one of these personal loans could receive up to 2% of their monthly payment in cash back when making on-time payments from the checking account.
- HungerRush, a restaurant point-of-sale system provider, said a survey found that 40% of diners reported eating out less often because of inflation and 16% chose a quick-serve restaurant more frequently to save money. Conducted in April by Dynata, the survey canvassed 1,000 U.S. consumers.
- Swivel Transactions LLC said it will soon integrate the LoanPay Xpress platform into its payments platform. LoanPay Xpress came to Swivel through its acquisition of Magic Wrighter Inc.
- Tensec, a cross-border payments specialist, received $12 million in a seed-funding round led by Costanoa Ventures.
- Embedded-finance platform Highnote said it is launching a stablecoin-based, real-time card-funding service through a collaboration with BVNK, a provider of stablecoin technology.
- Consumers in the United Kingdom lag behind those in other European markets in adoption of real-time payments, with 79% of U.K. consumers having sent a real-time payment compared to 94% in Sweden and 83% in Germany, according to a July 2024 survey by credit-rating software vendor FICO of 1,000 persons in in the U.K., as well as a recent survey of 12,000 persons in 14 countries.
- Cash App, the person-to-person payment service from Block Inc., said it is working with Angel Reese, a player on the WNBA’s Chicago Sky, on a community basketball court in Chicago.
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