article thumbnail

Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Honkook Kim and his Gentle Monster Brand is a perfect example. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million.

article thumbnail

Commercial Card Innovation Puts SMBs In The Spotlight

PYMNTS

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs. American Express, Amazon Rollout Card For UK SMBs. US Bank Instant Card Connects With Concur Expense.

Cards 248
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Millennials (Still) Don’t Like Card-Branded Mobile Wallets

Bank Innovation

Millennial consumers still prefer third-party money transfer systems, such as PayPal, over card-branded (e.g. More than half (52%) of millennial consumers (ages 23 to 37) said they use third-party money transfer systems, compared to only 29% who use card-branded digital wallets, and 22% that use device-specific wallets, […].

article thumbnail

Spend Controls Fuel Commercial Card Innovation

PYMNTS

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., Mastercard Adds B2B Payment Functionality With Commercial Cards.

Cards 130
article thumbnail

Deep Dive: How Loyalty Innovation Improves Member Relationships, Boosts Brand Awareness

PYMNTS

Although CU members want innovation in member loyalty and rewards, most credit unions are not delivering these programs up to the desired standards. Credit union members’ high expectations when it comes to loyalty innovation do not necessarily make or break their banking relationships. Loyalty Innovation Strategies .

article thumbnail

More Credit Cards From the Amex and Hilton Co-Brand

Bank Innovation

EXCLUSIVE – Add another credit card to list, or rather add four to the ever growing list of cards. This new collection of cards are coming from American Express’ co-brand relationship with Hilton Hotels.

Branding 199
article thumbnail

UnionPay To Roll Out Branded Card In The UK

PYMNTS

China’s UnionPay , the payment card issuer, is gearing up to roll out branded cards in the U.K. company as soon as October to begin issuing a virtual prepaid card for corporate clients in the U.K. In early December UnionPay plans to issue branded credit cards in other parts of Europe as well. “In

Branding 177