Bank Innovation

FEBRUARY 6, 2019

In 2010, when Patrick Collison founded Stripe Inc. with his younger brother John, he thought the world was headed toward ever-increasing globalization, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer.

Operations 170

Operations Google Capital Online 170

PYMNTS

JUNE 16, 2017

The Federal Trade Commission announced Thursday (June 15) that NetSpend, the operator of a debit card, is providing refunds to settle charges that people couldn’t access their money in their NetSpend accounts. The emails tell how to request a refund using an online form. The paper notice contains a printed form to return.

Cards 109

Cards Marketing Operations Online 109

PYMNTS

FEBRUARY 4, 2020

By the end of 2020 four in 10 shoppers worldwide will belong to Gen Z, the consumer group born more or less between 1996 and 2010. Generally more adventurous and less cautious than their slightly older peers, Gen Z is making big players from eBay to Uber to online travel agencies (OTAs) rethink services and fees for their cresting wave.

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

AUGUST 15, 2019

The “online version of a payments terminal” was how the media portrayed Visa ’s acquisition of CyberSource in 2010. Then, it was a very easy way to mentally place the online payments processor in what was at the time a nascent online payments ecosystem. A decade ago, he noted, most merchants were trying to “get online.”

Payments 207

Payments Online Tools Retail 207

PYMNTS

FEBRUARY 3, 2020

tech firms’ dominance across online platforms, and the collection and use of data. Reports this past week came that the government will require larger tech companies to submit reports detailing their business practices each year to provide transparency on their operations – and give advance notice of changes.

Data 130

Data Marketing Rhode Island Google 130

PYMNTS

MARCH 14, 2019

The move also would seem to be a bit like Pepsi offering to help Coca Cola by letting them have slots in their vending machines, given that Google operates Android and Apple has iOS. enacted the Americans with Disabilities Act , a 1990 federal law that prohibits discrimination based on disability, and which is commonly known as the ADA.

Google 161

Google Tools Mobile Retail 161

PYMNTS

DECEMBER 2, 2016

James Chappell, CTO and co-founder of Digital Shadows , joined PYMNTS for this week’s Hacker Tracker to discuss how cybercriminals are enjoying their own version of the holiday shopping season across online marketplaces on the dark web. Uncut cocaine was also available at a discounted rate.

Operations 100

Operations Cards Online Industry 100

PYMNTS

JUNE 13, 2017

“Industroyer’s ability to persist in the system and to directly interfere with the operation of industrial hardware makes it the most dangerous malware threat to industrial control systems since the infamous Stuxnet, which successfully attacked Iran’s nuclear program and was discovered in 2010,” said Cherepanov in the press release.

New Jersey 100

New Jersey System Industry Fraud 100

PYMNTS

NOVEMBER 6, 2018

carriers are bringing in more from loyalty and credit card programs. earned more from loyalty and credit card programs than they did in the same period the prior year. That’s why the airport now allows travelers to reserve specific parking spots online, as well as pay ahead through the airport’s website or mobile app.

Fort Worth 129

Fort Worth Dallas Mobile Cards 129

PYMNTS

MAY 6, 2019

In meetings with the CEOs of the existing card rails and the merchant solutions companies that serve them, a beautifully crafted, well-designed pitch is made to consider the investment – a pitch laced heavily with the tried-and-true FUD factor (fear, uncertainty and doubt) as the key theme. But, they say, that’s going to happen anyway.

Innovation 209

Innovation blockchain Payments cryptocurrency 209

PYMNTS

NOVEMBER 20, 2019

healthcare market saw a rise in high-deductible plans following the 2010 passage of the Affordable Care Act (ACA), shifting a greater share of out-of-pocket payments, such as deductibles and co-pays, onto patients. Additionally, 25 percent of all online bill payments to providers and payers will be conducted using real-time payments.

Payments 111

Payments System Cards Marketing 111

Abrigo

SEPTEMBER 20, 2021

This will include any online lender, platform lender, fintech – this is going to be everybody.” The new rule stems from section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank). This is much wider than just banks and credit unions,” Lucci said. Commenters have until Nov. securities credit.

Lending 195

Lending Data Compliance Regulation 195

Gonzobanker

JANUARY 17, 2020

In the years 2010-2020, new tech adoption transformed customer expectations. New regional banks will struggle with operational maturity and customer experience. While the whizzes in finance and credit can scale fast, the worlds of operations, information technology (IT) and digital cannot. This must change from the top.

Customer Experience 126

Customer Experience Fintech Regional Cards 126

BankBazaar

JUNE 10, 2020

Hotstar is an online video streaming platform owned by Novi Digital Entertainment Private Limited, a wholly-owned subsidiary of Star India Private Limited, which currently offers over 100,000 hours of TV content and movies across 9 languages, and every major sport covered live. But, did you know our very own Hotstar is made in India?

Video 97

Video Mobile Regional Knowledge Base 97

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

Fintech Labs Insights

DECEMBER 13, 2021

And it’s an area often lacking in traditional online banking services. Most providers operate on a dual revenue model, charging a monthly subscription fee to satisfy their VC investors craving recurring revenue predictability and a transaction fee to cover interchange costs. Founded: 2010. Founded: 2010. Charlotte, NC.

San Francisco 15

San Francisco Online Seattle Denver 15

PYMNTS

FEBRUARY 20, 2018

It installed its first unmanned DMV station in October 2010, known as the DMV Now Self-Service Terminal, which was intended to shorten the infamous lines that plague the institution. The machines can process and print vehicle registration cards or stickers, and accept cash, check, credit or debit cards as payment for the transaction.

California 101

California Sacramento Retail ATM 101

PYMNTS

JUNE 12, 2017

When 90 percent of Chinese customers are abandoning online purchases at the payment phase, that should tell merchants something. It helps optimize transaction acceptance rates by showing which card types or currencies are most likely to be declined. OL: Ronen Morecki and I founded Zooz in 2010 and launched the company in 2012.

Data 136

Data Retail Software System 136

PYMNTS

DECEMBER 7, 2016

Long before American Express was a credit card issuer and a closed loop payments network, it was in the business of moving mail (and other things) quickly from one coast to the other. The good news about EMV, Williams noted, is that it did make a notable dent in card-present fraud. based to operating globally. What’s next.

Fraud 100

Fraud Security Mobile Trends 100

PYMNTS

FEBRUARY 13, 2017

Online shoppers show deep-rooted loyalty to brands with fast shipments, easy returns, positive customer service experiences and flexible delivery options,” said Ryan Kelly, senior vice president of FedEx Supply Chain. They also tend to be focused a bit differently, with a focus on mortgages, credit cards and auto loans, specifically.

Data 122

Data Retail America Minneapolis 122

Insights on Business

APRIL 21, 2017

When the Watson-powered IBM Safer Payments system went online in France, it was fed 4.7 billion transactions in real time, including approximately 75% of annual credit card transactions in the country. When it came on line, the credit card fraud rate in France fell for the first time in a decade. The system can learn.

Technology 156

Technology Compliance Regulation Training 156

PYMNTS

SEPTEMBER 14, 2020

In 2010, Blockbuster declared bankruptcy, a decade after famously telling Netflix, which then had $5 million in annual sales, to get lost when they suggested that Blockbuster buy them. Consumers can buy cars online and have them delivered to their driveways without ever talking to a car salesperson or going to a dealership to sign paperwork.

Innovation 245

Innovation Video Course Meeting 245

FICO

NOVEMBER 30, 2022

Graph 1 : Quarterly credit card debt in the United States from 1st quarter 2010 to 2nd quarter 2022 ($ Billion) . Thus, helping strike the right balance between loss reduction and operational limitations will help balance maximizing profitability while retaining future good customers . Make a positive connection.

Management 52

Management Strategy Policies Data 52

Jeff For Banks

DECEMBER 12, 2015

If a bank deems a vendor critical to its operation, it must analyze the vendor's financial statements to be confident in its viability. So I went to the Finovate 2010 Best of Show to see where these firms are now. It helped users save money across verticals including cell phones, credit cards, cable bills, and savings accounts.

Fintech 60

Fintech Capital Cards Bitcoin 60

PYMNTS

NOVEMBER 6, 2017

As Nelson explained, the organization, which operates as a nonprofit, was formed to serve as a resource to enable the financial services industry to highlight and share information about physical and cybersecurity vulnerabilities. During a crisis is not the right time to pass out business cards,” Nelson said wryly.

Exercises 119

Exercises Resources Industry Cyber Security 119

PYMNTS

OCTOBER 17, 2017

Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

DECEMBER 30, 2016

Consumers flocked to online and mobile commerce , robots rose in food and consumer goods , and brick-and-mortar stayed relevant with retail experimentation — pop – ups , flash sales , store-in-store and showrooms. “How When the experience is good and easy there as it is online, they’ll make the purchase in a heartbeat.”.

Retail 123

Retail Online Customer Experience Trends 123

Independent Banker

JUNE 30, 2022

We worked with them with loans to buy equipment and vehicles for delivery and the beginning operational cash needs of the business,” Bunnell says. Two years ago, Lead Bank and Self expanded the program to include a secured credit card. More than 500,000 customers have received secured cards through the program. Marion, Ky.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

JUNE 17, 2016

every card transaction has to be authorized. We were thrilled to report that the health of those businesses that line the side streets and main streets of Any Town, USA are not only healthy and growing but making the local economies in which they operate healthy, too. Big Retail’s Online Checkout Conversions. percent from 2.97

Apple 100

Apple Maine Retail Course 100

PYMNTS

MARCH 21, 2017

If the rules pass as present, long-term might be something of a huge misnomer, since, by even the CFPB’s own in-house estimates, some 85 percent of the nation’s currently operating short-term lenders would be knocked out of business. So how did that war gaming look? The Problem. In the long term, that isn’t sustainable.

Lending 100

Lending Regulation Illinois Innovation 100

PYMNTS

OCTOBER 21, 2019

As Nan Siler, head of payment and financial operations at Kabbage, noted, it’s been a pretty wild ride, thus far. The race to build a great and powerfully disruptive mobile wallet to knock down the card networks started long before anyone was even speculating about Apple’s payment plans. and run on the Discover rails.

Innovation 131

Innovation Payments Apple Mobile 131

CB Insights

NOVEMBER 6, 2018

Combined, these 31 European startups have raised more than $21B in total funding, and operate across industries including fintech, e-commerce, healthcare, and more. Company Description: This UK-based company operates data centers in Europe and Asia. Auto1 Group now has operations in more than 30 countries. Global Switch.

Groups 76

Groups Capital Operations Fintech 76

PYMNTS

OCTOBER 9, 2017

The first commerce intermediary to operate at scale was Istanbul’s Grand Bazaar , which opened for business in 1460. It also standardized pricing and hours of operation. Commerce intermediaries are nothing new. In fact, they are at least 557 years old. Less inventory means fewer things for buyers to buy — and ultimately fewer buyers.

Online 128

Online Google Branding Retail 128

CB Insights

MARCH 6, 2019

After soaring to a multi-billion-dollar valuation behind an iconic founder, a team of prominent backers, and a promise to revolutionize blood testing, Theranos officially ceased operations in 2018. That July, it banned Holmes from owning or operating a lab for two years. The rise and fall of Theranos. The rise and fall of Pets.com.

Report 78

Report San Francisco Capital New York 78

PYMNTS

OCTOBER 9, 2017

The first commerce intermediary to operate at scale was Istanbul’s Grand Bazaar , which opened for business in 1460. It also standardized pricing and hours of operation. Commerce intermediaries are nothing new. In fact, they are at least 557 years old. Less inventory means fewer things for buyers to buy — and ultimately fewer buyers.

Online 112

Online Google Branding Retail 112

PYMNTS

DECEMBER 11, 2017

That might not be a crazy assumption: Reports from Nielsen reveal that television viewership by that demographic has declined more than 40 percent since 2010 and is off 11 percent year over year for the older half of millennials aged 25 to 34. Payments today are complemented by credit cards, mobile wallets and even Amazon Pay.

Millennials 109

Millennials Video Maine Operations 109