Bank Innovation

MARCH 24, 2020

Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6 billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility.

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PYMNTS

JANUARY 6, 2021

With businesses large and small increasingly turning their attention toward recovery efforts, the commercial credit card market is exploring ways to help their corporate card holders. Commercial Card, Global Commercial Services, Courtney Kelso in a statement. Neat Debuts Its Visa Card For Small Businesses.

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PYMNTS

APRIL 12, 2019

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Back Office.

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South State Correspondent

OCTOBER 4, 2023

If you want to grab a material amount of new deposit balance, offer a 5.05% money market rate, post it all over Instagram, and sit back and watch the money roll in. In this article, we will show you 15 proven deposit marketing campaigns that will rack up deposit-gathering wins while building a high-performing bank in the process.

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PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

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TheGuardian

FEBRUARY 20, 2024

Senator says $35bn deal merging two of the largest US credit card firms would ‘threaten financial stability’ and reduce competition Senator Elizabeth Warren has urged regulators to block Capital One’s $35bn takeover of Discover Financial, arguing that combining two of the US’s largest credit card companies would harm consumers and challenge financial (..)

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PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.

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PYMNTS

SEPTEMBER 6, 2019

Today in the payments news roundup, Stripe launched Stripe Capital to simplify the way internet companies can access funds. Also, commercial and consumer cards issued in the U.S. US Payment Card Market Tops $6T. Consumer and commercial cards issued in the U.S. Consumer and commercial cards issued in the U.S.

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PYMNTS

JULY 9, 2020

With commercial credit cards historically viewed as a payment vehicle for businesses to make one-off purchases for the office or while on a business trip, the small business credit card has yet to catch up to adoption volumes seen by other payment methods like direct bank transfers in the B2B payments space. Opening Access To Capital.

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PYMNTS

DECEMBER 18, 2020

This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. landed funding rounds.

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PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago.

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PYMNTS

JUNE 24, 2019

Capital One Financial Corporation announced Friday (June 21) that it has reached an agreement to acquire purchase-to-payment and credit management company BlueTarp. In a press release , Capital One pointed to augmented B2B finance capabilities as a result of the takeover, particularly for small and medium-sized businesses (SMBs).

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PYMNTS

AUGUST 16, 2019

The retirement-focused United Income will now give automated advice as part of Capital One, which is looking to expand its robo-adviser offerings. . Capital One purchased the company for an undisclosed amount after taking a 10 percent stake last year, American Banker reported on Friday (Aug. billion, an increase of $2.3

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PYMNTS

APRIL 25, 2018

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. Supply of card credit is on the high side, although it has settled out a bit. By The Numbers . What’s Next.

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Payments Dive

JULY 18, 2023

Rob Beard, who will also serve as head of global policy, brings M&A and capital markets experience to his new role at the card network company.

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CFPB Monitor

AUGUST 17, 2021

Last week, the FTC filed an administrative complaint against Fleetcor Technologies, a marketer of fuel cards, and its CEO in which the FTC alleges that the respondents violated the FTC Act’s prohibition on unfair or deceptive acts or practices. Supreme Court ruled in AMG Capital Management LLC v. In April 2021, the U.

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PYMNTS

DECEMBER 21, 2020

Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. That was followed on Dec.

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PYMNTS

MARCH 14, 2019

Sephora, the beauty retailer, announced on Thursday (March 14) the launch of a new credit card program. The company said in a press release that starting in the spring, it will offer the Sephora credit card, Sephora Visa® credit card and Sephora Visa Signature® credit card to its retail customers.

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PYMNTS

JULY 8, 2020

With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance. InstaRem Expands BizPay.

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PYMNTS

SEPTEMBER 23, 2020

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Aussie Alt-Lender Execs Team Up For Corporate Card.

Cards 219

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PYMNTS

JULY 10, 2020

Although commercial card products can offer working capital benefits on both ends of the B2B transaction, adoption lags behind other digital payment methods in accounts payable (AP) departments. And with the pandemic all but wiping out business trips, the commercial card could be at a crossroads. General acceptance is not there.

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PYMNTS

MAY 29, 2018

Citigroup said on Tuesday (May 29) that it won’t use high deposit rates to lure new customers to its digital bank – instead, it will go after its credit card customers. Citigroup’s efforts to grow its digital banking offering come at a time when activist investor ValueAct Capital recently revealed that it has a roughly $1.2

Digital Banking 108

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PYMNTS

AUGUST 5, 2020

As B2B FinTechs explore the value of the commercial card, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. BofA Expands Contactless Biz Card Service. Apple Pay Lands More Commercial Cards. Center Wields Cards For Expense Management.

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Cards Apple Mobile America 159

PYMNTS

DECEMBER 30, 2020

Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. Suppliers, he said, have traditionally been less amenable to commercial card payments, but are increasingly starting to accommodate buyers’ payment preferences.

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BankInovation

JUNE 7, 2023

Capital One acquired luxury concierge service Velocity Black in a deal announced June 1 as the credit card giant seeks to bolster the perks offered to its customers. Founded in 2014, Velocity Black markets itself as an exclusive subscription service that offers members guidance on topics from […]

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PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. Asia Capital & Advisors led the round, reports said, while Global eTrade Services and Curzon Investments also participated. Xtracap Fintech. Apollo Agriculture.

Capital 141

Capital Analytics Fintech Report 141

PYMNTS

AUGUST 6, 2020

And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster. It’s just a very different cultural market,” Abrahamson said in talking about Bain’s participation this week in a Series E funding round for hey , a Japanese eCommerce and digital payments platform.

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PYMNTS

FEBRUARY 27, 2019

Commercial card company Brex is rolling out a new card product designed to meet the specific needs of eCommerce businesses, the firm said in a press release Tuesday (Feb. When Brex first launched its initial commercial card solution last year, the company targeted technology startups. “Brex sees the world differently.

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PYMNTS

JANUARY 12, 2021

As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. You may be familiar with the fact that Credit Karma (where Ribbit already has an investment) helps users scout for the best credit card deals and loans. As reported late last year , a U.S.

Capital 155

Capital Fintech Retail Tools 155

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.

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PYMNTS

JANUARY 24, 2021

The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. LVL, an upstart bitcoin exchange, has rolled out its own Mastercard debit card which it's taking pre-orders for, a report from CoinDesk says. More stats show that scams netted around $2.6

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PYMNTS

APRIL 15, 2020

While small- to medium-sized businesses (SMBs) continue to hustle to secure portions of various federal coronavirus relief funding, the commercial card industry is finding itself in a position to support SMBs and their cash flow needs, too. Boost Finds A Surge In Corporate Card Interest. Visa Fuels Supplier Card Acceptance.

Cards 156

Cards Analytics Payments Management 156

PYMNTS

JUNE 10, 2020

The BlackRock-led group is injecting capital into Trustly at a time when the company is building out its network, which enables merchants to accept bank transfers with the same ease as they now take credit card payments. “At Citigroup Global Markets Limited also took part in the transaction, acting as a financial advisor.

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PYMNTS

APRIL 9, 2020

For digital laggards, the coronavirus pandemic will serve as a harsh wake-up call regarding the importance of digitization and automation, with commercial cards uniquely positioned to address many of the pain points companies face today in these unprecedented times. A Surge In Commercial Card Interest. Supporting Unique Experiences.

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PYMNTS

JULY 16, 2020

Privacy.com , the virtual card payments startup, has raised $10.2 The round was led by Teamworthy Ventures , and also featured contributions from Tusk Venture Partners, Index Ventures, Quiet Capital, Exor Seeds and Rainfall Ventures. Privacy.com’s service allows users to create virtual, disposable payment card numbers for no cost.

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PYMNTS

SEPTEMBER 24, 2018

Commercial card startup Brex is seeking unicorn status with its next funding round, The Wall Street Journal ( WSJ ) reported Friday (Sept. Brex, founded by two Brazilian entrepreneurs, emerged on the market as a FinTech issuing corporate cards to other startups.

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PYMNTS

JANUARY 19, 2021

While the coronavirus crisis certainly accelerated the drive toward digital, the mid-market's commerce digitization push was well underway before the pandemic hit. With B2B eCommerce proliferating, the market is rapidly evolving to make way for new business and payment models in response to customer demand. Emerging Business Models.

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