Fintech companies like Square are leveraging the banking licenses of services like Cambr, which manages accounts in many smaller banks, to handle payments (Julie Verhage/Bloomberg)

Julie Verhage / Bloomberg:
Fintech companies like Square are leveraging the banking licenses of services like Cambr, which manages accounts in many smaller banks, to handle payments  —  Customers of Square Inc., the Silicon Valley payments behemoth, might assume that the cash they send to friends on the platform …

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