PYMNTS

DECEMBER 16, 2020

CT Cash is a free instant pay and cash card product developed in collaboration with Visa. It allows drivers to get paid instantly and use the card without having to cash out to external bank accounts. The card gives drivers instant access to their funds via an activity feed on the CloudTrucks app.

Cards 209

Cards Payments Operations America 209

BankInovation

JUNE 24, 2021

Digital card payment platform provider Moca announced Tuesday a $3 million series B funding round that will allow the platform to expand its foothold in Latin America and the Caribbean. The end-to-end solution is both a gateway to Visa and the card management system — functions that are typically handled by different vendors.

America 72

America Cards Fintech System 72

PYMNTS

JANUARY 20, 2021

While the pecking order of big banks and their competitors is clear enough in PYMNTS latest Provider Ranking of Credit Card Apps , there are subtle changes this time that hint at changes yet to come as banking apps vie for the newly-minted digital-first consumer. 1 is Chase Mobile , followed by Capital One Mobile at No. The Top 10.

Cards 191

Cards Mobile Branding America 191

Accenture

AUGUST 20, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. For the third straight quarter, Chase, Capital One and Synchrony led all issuers in purchase volume growth (over 10 percent YoY).

US 150

US Cards Capital Apple 150

PYMNTS

JUNE 13, 2018

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

Capital 100

Capital Cards Delaware Payments 100

PYMNTS

MAY 11, 2017

Xero , the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. Many of the world’s leading financial institutions now share this vision. small business customers.

Capital 164

Capital Software Data America 164

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P.

Mobile 211

Mobile Cards Samsung America 211

Bank Innovation

DECEMBER 7, 2017

EXCLUSIVE – Bank of America seeks electronification of cash not only as way to better serve its banking customers but also as an excellent way to reduce costs: according to Bank of America CEO Brian Moynihan, this digitization of cash can save the bank billions of dollars.

America 218

America Operations US Cards 218

PYMNTS

DECEMBER 23, 2020

Happy news, then, that this latest edition of PYMNTS Provider Ranking of Credit Card Apps displays the holding power of top-performing cards, even as upstarts and innovators hope to make their way into the Top 10 with credit card experiences built for mobile consumers. The card-organizing MySynchrony app ranks at No.

Cards 143

Cards Mobile America Capital 143

PYMNTS

DECEMBER 15, 2017

Credit card services provider TSYS announced Friday that it has extended its existing agreement with Capital One Financial Corp. Under the terms of that pact, TSYS will continue to provide processing services for Capital One’s North American roster of accounts, a list that spans both consumer and commercial credit card accounts.

Capital 110

Capital Cards Risk Management America 110

PYMNTS

NOVEMBER 24, 2020

Is there anything as awesome as a credit card? Credit cards are the penultimate payments experience that you could say started it all. So deep is our zeal for credit cards that we’re debuting the PYMNTS Provider Ranking of Credit Card Apps here and now, as we track who’s on top and who’s climbing the credit card rankings.

Cards 130

Cards social media Mobile Fintech 130

PYMNTS

MARCH 19, 2019

In November it raised $20 million in capital from investors. Proceeds from the funding round are slated for expansion into Latin America, where the firm plans to open an office. The report noted the company is also nearing the launch of a prepaid debit card that it plans to issue to consumers in 25 countries.

America 160

America cryptocurrency blockchain Payments 160

Bank Innovation

FEBRUARY 5, 2018

Today Lloyds Banking Group confirmed it has banned customers from buying bitcoin with their credit cards. banks including Bank of America, Citi, and JPMorgan Chase have done the same. For Lloyds, that ban includes card credits for all the banks […]. The move comes only days after U.S.

Bitcoin 220

Bitcoin Groups Cards America 220

PYMNTS

JANUARY 7, 2021

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

NOVEMBER 20, 2018

FinTech startup Plastiq has announced a $27 million venture capital funding round for its solution that lets businesses and consumers make payments with their payment cards, regardless of if cards are accepted. The tool also helps companies pay bills that typically aren’t paid via cards, such as rental payments.

Tools 151

Tools Cards Capital America 151

PYMNTS

MARCH 3, 2020

Brazilian banking startup Nubank is going to launch its Nu credit card in Mexico in an attempt to capture a piece of the country’s population of 36 million unbanked, according to a report by TechCrunch. The card is available to all eligible Mexicans over the age of 18, and it has a waiting list 30,000 people strong. .

Cards 130

Cards America Lending Digital Banking 130

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Coupa Connects With American Express For B2B Virtual Card Payments.

Cards 130

Cards Innovation Management Fraud 130

PYMNTS

AUGUST 11, 2019

Shops in Mexico started asking customers to pay with cash after several of the country’s biggest banks started having issues handling debit and credit card payments, Reuters reported on Saturday (Aug. Reuters reported that it was not immediately clear whether cards other than those issued by Banorte, HSBC and Santander were affected. .

Cards 116

Cards San Francisco Regional Capital 116

PYMNTS

JULY 16, 2018

Continuing the recent string of earnings from big banks – a string that kicks off earnings season per tradition – Bank of America said loan growth and a boost in digital initiatives boosted results in the second quarter. Revenues were down slightly, accounting for a gain on sale recorded last tear on non-commercial cards, to $22.7

America 105

America Mobile Cards Taxes 105

PYMNTS

NOVEMBER 6, 2019

Commercial card startup Brex is collaborating with BNP Paribas subsidiary Bank of the West. 6) that startup clients of Bank of the West will gain access to a co-branded commercial credit card. In addition to the card, startups can gain access to Brex’s expense management and rewards offerings, and automatic receipt data capture.

Cards 100

Cards Capital Resources America 100

CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. .

America 101

America Lending Cards San Francisco 101

Bank Innovation

DECEMBER 13, 2017

The round was led by venture capital firm Dawn and The Fourth Swedish National Pension Fund. Established in 2011, iZettle enables small business merchants across Europe and Latin America to accept card payments. Swedish payment company iZettle today announced it raised €40 million ($47.05 Over the past years, it […].

Company 230

Company Payments America Capital 230

PYMNTS

AUGUST 22, 2019

Federal prosecutors believe that the woman allegedly responsible for the Capital One hacking is a danger to society who needs to stay in prison while awaiting trial. Thompson is accused of stealing personal data on more than 100 million Capital One customers. The Capital One theft “was only one part of her criminal conduct,” the U.S.

Capital 108

Capital Seattle Data America 108

Payments Source

JUNE 28, 2018

Credit One Bank is America's fastest-growing credit card issuer. It's also the most complained about.

America 63

America Cards Capital 63

PYMNTS

APRIL 27, 2017

consumers become more comfortable with carrying higher levels of debt, the biggest credit card companies reported an increase in chargeoffs in their portfolios during the first quarter of 2017. According to American Banker , the results suggest that the post-crisis era of exceptionally low losses in the credit card industry has ended.

Cards 117

Cards Conference Capital America 117

Bank Innovation

APRIL 15, 2016

Bank of America Corp. needs to wait “a few months” for its clearXchange partners to catch up to it. The megabank’s CEO, Brian Moynihan, said yesterday that clearXchange was “a few more months” from “heavy” marketing of the P2P payments platform. The holdup? The other partners.

America 150

America Operations Marketing Payments 150

PYMNTS

OCTOBER 13, 2019

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. Vélez said that 10 million out of the 15 million clients are holders of the bank’s credit card. Nubank offers a no-fee credit card funded in part by China’s Tencent.

Fintech 150

Fintech America Digital Banking Cards 150

PYMNTS

OCTOBER 17, 2017

Credit card delinquencies increased for three consecutive months, adding to signs that consumers in the U.S. According to a news report in Reuters , credit card data from the likes of JPMorgan and Discover Financial Services on Monday (Oct. Meanwhile, Discover saw credit card delinquencies increase by 1.64 percent from August.

Cards 109

Cards America Data Report 109

PYMNTS

NOVEMBER 8, 2016

growth rates also were positive in the all-important GBS segment, at 2 percent in Europe, though were up 12 percent in Latin America, buoyed by growth in Argentina and the Brazilian acquiring business. GFS, said management, saw strength in Latin America. First Data’s capital structure also improved, as the firm reduced net debt to $18.5

America 171

America Data New York City New York 171

PYMNTS

FEBRUARY 28, 2020

To get a sense of the new frontiers in cybercrime, and how cryptocurrency helps fraudsters cover their tracks or finance their schemes … look, perhaps, to Latin America. Carding” is also a fraudster favorite, according to the report. This practice involves the use of stolen credit cards to make fraudulent purchases.

America 217

America cryptocurrency Regional ATM 217

PYMNTS

JUNE 16, 2017

The credit card companies are out with data on May credit card charge-offs, which shows a mixed bag among the different players in the industry. Take Capital One, the credit card company, for starters. Meanwhile credit card delinquencies fell to 3.47 Auto charge-offs also decreased at the credit card company to 1.41

Cards 100

Cards Lending America Capital 100

PYMNTS

MARCH 29, 2020

Tens of thousands of households are in dire financial straits, sending more people turning to unsecured personal loans and credit cards for a quick bailout. Bigger lenders — JPMorgan Chase , Bank of America , Capital One and Santander — are pouring over various borrowing rules and making revisions, informed sources told the WSJ.

America 198

America Capital Cards Lending 198

PYMNTS

MARCH 27, 2017

Fair Square Finanical Holdings, a newly formed company, recently launched consumer credit cards under the name Ollo. In a press release Friday (March 24), Fair Square Financial said it received an equity commitment to finance card issuance from Pine Brook, an investment firm focused on building financial services businesses.

Cards 100

Cards Capital Meeting Risk Management 100

PYMNTS

NOVEMBER 4, 2019

Earnings season is upon us, offering insight into business spending among payment network giants such as Visa , Mastercard and WEX — across cards and, of course, cross-border payments. Under the existing relationship, Brex has been able to issue World Elite Mastercard for Business commercial cards. BlueVine Business Banking.

Cards 101

Cards Payments America United States 101

PYMNTS

FEBRUARY 15, 2018

13) that it disabled the ability for customers to add new credit cards as a payment method for those in the U.S. In recent weeks credit card companies have said they are banning the use of their cards to purchase digital tokens. customers should switch their payment method to debit card or a bank account.

Cards 104

Cards Bitcoin cryptocurrency Payments 104

PYMNTS

OCTOBER 9, 2018

As a result of the investment, Nubank is now worth $4 billion, making it one of the most highly valued, privately held startups in Latin America. The deal also marks Tencent’s debut in Latin America’s largest economy. Over 20 million people have applied for the card,” said Vélez.

Fintech 165

Fintech America Capital Cards 165

CB Insights

OCTOBER 25, 2021

The round drew participation from Tiger Global Management, Greyhound Capital, QED Investors, Index Ventures, and Insight Partners, among others. Argentina-based Pomelo enables its clients to create virtual accounts and distribute credit and debit cards. HOW’S THE COMPANY PERFORMING? Want the full post?

America 59

America Fintech Capital Cards 59