CFPB Monitor

DECEMBER 6, 2022

Earlier this year, New York delayed the effective date of its new law requiring card issuers to provide a grace period for using credit card rewards points that was slated to be effective later this week. The last three bullets of the definition of “modification” extend beyond rewards to the underlying credit card account.

New York 78

New York Cards National Compliance 78

PYMNTS

MAY 13, 2019

The estimated value of the global intelligent vending machine market by 2025 is $15 billion. The first big change Vengo made to the vending machine , for instance, was its size – its version is a little over two feet tall, a little less than three feet wide and exactly six inches deep, in comparison to a six-foot tall machine.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

JULY 11, 2017

More CFOs are guiding their organizations toward corporate cards in lieu of offering after-the-fact reimbursements via expense reports, The Wall Street Journal recently reported. Research suggests companies are turning to corporate cards for their security as well. Many businesses are turning to virtual cards for these benefits.

Cards 100

Cards Comparison Groups Report 100

CFPB Monitor

OCTOBER 17, 2022

Last week, the CFPB released its eleventh annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations).

Cards 78

Cards Report Regulation FDIC 78

PYMNTS

MARCH 25, 2016

It appears that more and more consumers are getting better connected with loyalty programs by linking their cards to them. “Card-linking has a network effect, and it is accelerating,” stated Silvio Tavares, CardLinx president and CEO, in a press release.

Cards 100

Cards social media Survey Comparison 100

FICO

JUNE 14, 2021

Our latest UK Credit Market Report on card trends for April 2021 shows the impact of the opening up of hospitality and retail on April 12. The figures include a 12 percent rise in card spend and more customers exceeding their card limit. Spend on UK cards continued to increase, along with the percentage of payments.

Cards 52

Cards Report Marketing Trends 52

PYMNTS

SEPTEMBER 14, 2018

Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool.

Branding 139

Branding Marketing San Francisco Seattle 139

PYMNTS

SEPTEMBER 13, 2016

Product hysteria is not the sort of thing that normally attaches itself to credit cards — but as scores of message boards and YouTube unboxing videos will attest, consumers are having a rather atypical reaction to the Chase Sapphire Reserve Card. It’s the best time in years to shop for a rewards card.”.

Cards 100

Cards Millennials Comparison Video 100

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189

Cards Google Tools Regulation 189

PYMNTS

OCTOBER 12, 2020

From Mao’s view, in Asian markets where cash had historically dominated, mobile wallets filled a need for an easy, accessible “ubiquitous cashless payment” for the masses. consumers have largely relied on cards, were comfortable with them as a main purchase tool and the U.S. By contrast, U.S. She said about 61 percent of U.S.

How To 317

How To Retail Survey Mobile 317

PYMNTS

JUNE 25, 2019

About a fifth, by comparison, had used Venmo for gambling. The report noted that “one interesting point is that any and all transactions made on Venmo will be on file, like a payment made with a credit card. Anyone with a bank account and debit card can use Venmo, a likely factor in its P2P reach.

Payments 115

Payments Marketing Millennials Trends 115

PYMNTS

MAY 13, 2019

Globally, tapping to pay with contactless cards has taken off remarkably, and the U.S., nearly half of all Visa transactions at physical points of sale happen via contactless card tap. Asia Pacific lags behind the global average somewhat, with one-third of all in-person transactions happening via contactless card.

US 216

US New York City Comparison New York 216

Bankelele

MARCH 18, 2015

Jijini Markets is a new site I stumbled on that compares Kenya financial products. Jijini Markets screenshot. Here’s hoping they expand their product range into other areas like telephone rates, credit cards, mortgages and enable loan rate comparisons at different banks using APR.

Comparison 28

Comparison Cards Marketing 28

PYMNTS

MAY 12, 2016

It’s the third most popular option — as well as one way down near the bottom of the rankings — that are showing the most potential energy, by comparison. As far as the popularity rankings of payment methods go in the U.S., there’s movement in each direction by the top two categories — but not by much.

Cards 100

Cards Retail Payments Study 100

South State Correspondent

NOVEMBER 14, 2023

Comparing the Two Banks Let’s say we have two banks competing in the same market. Both banks are the same size and have the same sized technology, compliance, sales, risk, and marketing budgets. Both banks invest in the same technology and have about the same compliance, risk, sales, and marketing tactics.

Strategy 195

Strategy Technology Compliance Marketing 195

CFPB Monitor

MARCH 10, 2017

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. Third-party comparison sites. Culhane, Jr. Innovation.

Cards 68

Cards Comparison Trends Marketing 68

MyBankTracker

JANUARY 12, 2021

But it’s since expanded its financial footprint to include credit cards. The SoFi Credit Card is a cash back rewards card that’s designed to help you reach your financial goals. This card is also low on fees — notably, there are no annual fees or foreign transaction fees. No annual fee.

Cards 52

Cards Capital Comparison Examples 52

FICO

APRIL 13, 2022

Today, it is the preferred choice of payment in many countries, with the contactless market set to reach a global value of US$6.25 Europe and the UK are currently leading the market. If we look at the current numbers against the wider backdrop of card fraud, they are fairly low in comparison. trillion by 2028.

Fraud 52

Fraud Marketing Payments Cards 52

PYMNTS

JUNE 17, 2016

In comparison, the U.S. The cause of China’s rapid adoption of mobile payments is multi-factored, but the absence of a strong attachment to credit cards before the advent of digital wallets most certainly played a part. percent annually to reach 195.3 million users in 2016. can claim only about 37.5

Millennials 100

Millennials Mobile Payments Marketing 100

Lex Sokolin

AUGUST 19, 2020

The massive digital payments volumes figures and money market amounts eclipsed all expectations. In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. a little bit less than 10% of the entire UK market. And so the neobanks adopted the outward appearance of superapps?—?to

Comparison 52

Comparison Fintech Lending Analysis 52

PYMNTS

OCTOBER 5, 2018

The Amazon comparison came from Bialick, who also said that the three-year-old firm is looking to become more of a platform for services from various providers, explaining why it has not applied for a banking license. As we get older, of course, we take on any number of ways to pay, from debit PayPal to credit, to … more credit.

Comparison 192

Comparison Fintech Cards Capital 192

FICO

JUNE 23, 2020

If the strategy is a challenger, it will be judged in comparison to the champion strategy. However, what can be missing is the impact the strategy will have on the portfolio’s market position. In this post I am discussing credit cards, but this principle is the same for all products. Why Use Benchmarking Data?

Management 52

Management Cards Data Strategy 52

PYMNTS

JANUARY 1, 2020

By way of comparison, fees at Visa and Mastercard are roughly 2 percent to 3 percent, the article indicated. More than 50 percent of Indonesia’s population of nearly 270 million people don’t have bank accounts, which has created a multi-billion-dollar digital payments market. Usually, larger merchants are charged fees ranging from 0.5

Payments 131

Payments Comparison Google Online 131

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. Approximately 2% of bank IT spending arises on a “shadow basis,” which is all the technology spent on someone’s credit card that never gets allocated officially to IT or the business unit.

Capital 195

Capital Operations Customer Experience Comparison 195

Gonzobanker

APRIL 4, 2024

Because banks like Bank of America, Chase, Wells Fargo and other large regional banks have highly diverse product lines, making a direct comparison of number of customers nearly impossible. of the market, and JPMorgan Chase—the nation’s largest bank (in terms of assets)—counts 7.6% That works out to 8.1% of all American adults: 12.3%

Comparison 93

Comparison Fintech America Survey 93

PYMNTS

DECEMBER 27, 2018

Below, Lyons outlines his seven predictors for small business in the New Year as banks begin to shift away from that traditional technology as external forces like open banking and virtual cards force them to enhance their services and protect customer data. Your payments went through one and the card purchases on the another.

Cards 176

Cards Comparison Taxes Data 176

PYMNTS

APRIL 30, 2020

Some are more exposed to credit card debt and lending to oil and gas companies. European banks, by comparison, have earmarked $11.5 The European Central Bank has cautioned banks to be flexible when applying accounting standards, as the region is one where companies depend more on bank lending than on capital markets for funds.

Lending 188

Lending Comparison Regional Capital 188

FICO

MARCH 9, 2020

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. It projects the market to grow at an annual rate of around 10%, reaching $428 billion in 2021.”.

Fraud 52

Fraud Cards Analytics ATM 52

PYMNTS

AUGUST 5, 2020

By comparison, Square made $306 million in bitcoin revenue for Q1. When customers buy bitcoin through Cash App, we only apply a small margin to the market cost of bitcoin, which tends to be volatile and outside our control. Cash App launched bitcoin deposits in June 2019.

cryptocurrency 229

cryptocurrency Bitcoin Comparison Regional 229

CB Insights

AUGUST 3, 2017

Note that the market map is illustrative, and not exhaustive of companies in the space. At $235M in funding and a post-money valuation of $500M (as of Q1’16), Brazil-based Nubank has raised the most funding on this list, and focuses on providing digital banking services and a no-fee mobile-only credit card. Categories.

Company 65

Company Fintech Comparison Marketing 65

Perficient

NOVEMBER 19, 2020

When customers can apply for the Apple Card, for example , and receive approval and begin using it in minutes, patience with financial institutions that take longer will wear thin. How integrated are marketing and digital? The world’s largest financial institutions count on us to help exceed expectations and win in the market.

social media 309

social media Customer Experience Knowledge Base Mobile 309

Perficient

MARCH 23, 2021

We’ve broken it down into market segments, in both U.S. broken out by market category: This gives us a quick view into mobile-dominant market categories, such as news, food and drink, people and society, sports, beauty and fitness, shopping, and arts and entertainment. and global views. in every category. data views.

Mobile 421

Mobile Study Community Industry 421

PYMNTS

SEPTEMBER 19, 2016

Will anything ever excite millennials about credit cards? EMV’s Win — Against Cloned-Card Fraud. market coming up now on almost a full year. Cards are also becoming an increasingly ubiquitous part of consumers’ lives. How To Win Millennials With Cards. Elizabeth Warren. With an asterisk or two. 1 of last year.

Millennials 100

Millennials Cards Fraud Online 100

PYMNTS

APRIL 28, 2017

Apexx founders’ claim the service can save merchants as much as 15 percent on the cost associated with processing credit cards or debit card payments and alternative payments. Keenan previously was in charge of Zapp, the VocaLink-backed mobile payments startup that Mastercard purchased earlier this year.

Comparison 166

Comparison Fintech Branding Payments 166

PYMNTS

OCTOBER 2, 2020

It was the wild card category for back-to-school, and it will be the wild card category for the holidays. The MacBook Air, by comparison, sells for $999 on Amazon as well as in the Apple Store. By comparison, Amazon’s Prime subscription counts about 112 million people, according to several published reports.

Comparison 142

Comparison Analysis Apple Seattle 142

PYMNTS

SEPTEMBER 4, 2020

Financial institutions (FIs) had leaned into online considerably before COVID-19, but there remained untapped market potential that took an extra push to access. By comparison, PYMNTS found that 35.7 A similar pattern is visible with new credit card accounts — an area dominated by a handful of large banks — with 11.9

Digital Banking 234

Digital Banking Fraud Mobile Online 234

MyBankTracker

DECEMBER 29, 2020

Charging everyday purchases to a credit card could be rewarding if you’re earning points on what you spend. The Citi Premier Card is designed for spenders who want to earn ThankYou points on groceries, dining, gas and everything in between. While the annual fee is low you may prefer a card with no annual fee at all.

Cards 52

Cards Capital Comparison Examples 52