BankInovation

NOVEMBER 6, 2020

Wells Fargo is exploring new technology in the corporate credit card and legal servicing space.

Innovation 72

Innovation Cards Technology Innovation Strategies 72

PYMNTS

JUNE 1, 2020

“We do not think in a traditional sense that one bank account equals one user equals one card. This is similar to the card aggregation solutions that fellow FinTech Curve offers. Rather, we think you as a user can have as many bank accounts as you want so you can budget easily and keep a good overview.”.

Innovation 132

Innovation Strategy Innovation Strategies Security 132

PYMNTS

MARCH 20, 2019

In fact, they make the timing of their product rollouts a crucial part of their innovation strategies. Only after observing their competitors’ missteps do they fully commit to the rollout of their innovations. percent of the top innovators in the financial sector said they observe market trends first. As much as 53.3

Innovation 161

Innovation United States Innovation Strategies Cards 161

Bank Innovation

JANUARY 22, 2020

Brex, a corporate card and financial product startup aimed at businesses, plans to broaden its product ecosystem beyond bank accounts and cards.

Lending 273

Lending Innovation Cards Operations 273

PYMNTS

SEPTEMBER 29, 2020

Credit unions of various sizes were eager to roll out credit card innovation plans before the COVID-19 pandemic’s onset. These expectations also drove CU executives’ innovation agendas, with 91 percent voicing serious interest in developing card product innovations. Credit Innovation Planning Reset .

San Diego 141

San Diego Innovation Cards California 141

Bank Innovation

NOVEMBER 21, 2019

Following a recent backlash resulting from allegedly discriminatory underwriting methods for the Apple Card, lenders’ moves are facing scrutiny from regulators. Albert Chang, counsel at the Consumer Financial Protection Bureau‘s innovation office, said […].

Apple 243

Apple Regulation Innovation Cards 243

Bank Innovation

DECEMBER 12, 2019

On the heels of a $200 million debt capital raise confirmed this week, corporate card and financial product startup Brex plans to ramp up its product offerings for e-commerce entrepreneurs. The company currently offers credit cards for e-commerce companies, a product that was first launched in February.

Capital 221

Capital Innovation Cards Company 221

Bank Innovation

JULY 30, 2019

While the jury is still out whether the Apple Card will be the disruptive force that Apple has claimed it will be, fintech firms and banks alike appear eager to beat the tech giant to the punch. Tuesday’s launch of Zerocard, a “debit-style” credit card from fintech firm Zero, in partnership with WebBank, Evolve Bank […].

Apple 170

Apple Cards Fintech Customer Experience 170

PYMNTS

JANUARY 14, 2021

In addition, PSCU found that increased adoption of contactless “tap and go” transactions through dual interface cards continued to occur during last year’s holiday season. percent of card present activity on contactless debit cards between the beginning of November and the end of December, as contactless credit transactions expanded to 12.1

Innovation Strategies 155

Innovation Strategies Cards Analytics Survey 155

PYMNTS

NOVEMBER 23, 2020

Retailers, too, had to respond and revise their checkout experiences when fears over the new coronavirus lingering on surfaces led to consumers becoming reluctant to exchange cash with store clerks or insert payment cards into point-of-sale (POS) terminals. To learn more about these developing trends and strategies, download the playbook. .

Report 192

Report Case Study Payments Strategy 192

Cisco

NOVEMBER 15, 2022

Venmo solved a problem of an individual wanting to pay another individual (or even small business) without having to use cash, check or even debit/credit card. It is about opening up information to spur innovation of third-party providers to build new, added-value offerings. Open banking made this possible. In the U.S.

Innovation 156

Innovation Security Data Innovation Strategies 156

BankInovation

JULY 27, 2020

Don’t expect American Express to launch a debit card anytime in the immediate future. During the card company’s second-quarter earnings call, Stephen Squeri, chief executive at AmEx, said that while debit cards are “something that we constantly look at,” AmEx won’t be issuing debit cards “at this particular point in time.”

Cards 90

Cards Customer Experience Innovation Strategies Strategy 90

CB Insights

MAY 15, 2019

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

Innovation 78

Innovation blockchain Technology Groups 78

Bank Innovation

APRIL 9, 2020

Upgrade customers can now order a credit card with a chip that enables contactless transactions, said Renaud Laplanche, co-founder and CEO of Upgrade. Customers can hover their cards over […].

Payments 259

Payments Cards Customer Experience Innovation Strategies 259

Bank Innovation

JANUARY 15, 2020

card companies just moved a step closer to gaining access to China’s $27 trillion payments market. The biggest U.S. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co.,

Marketing 347

Marketing Cards Payments Company 347

Bank Innovation

FEBRUARY 11, 2020

won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening. Mastercard Inc.

Marketing 338

Marketing System Cards Payments 338

Bank Innovation

DECEMBER 24, 2019

Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking. If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory.

Banking 2020 341

Banking 2020 Cards Payments Company 341

Bank Innovation

MARCH 12, 2020

Splitit, a payments company that divides purchases into installments on customers’ existing cards, announced a partnership with Visa last week.

Payments 243

Payments Customer Experience Cards Company 243

Bank Innovation

MARCH 6, 2020

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments.

Strategy 293

Strategy US America Cards 293

PYMNTS

JULY 17, 2018

The credit union (CU) market has long argued that rules intended for larger, more traditional banks have unjustly been applied to their industry, stifling their growth and pace of innovation. A recent partnership could make it easier for credit unions to instantly issue replacement payment cards to members.

Hawaii 100

Hawaii Marketing Report Texas 100

BankInovation

JUNE 23, 2020

made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity. Mastercard Inc. The purchase gives Mastercard more tools that help banks speed up credit decisions or improve account verification processes, using Finicity technology that lets companies share consumers’ financial data.

Cards 64

Cards Tools Technology Data 64

PYMNTS

AUGUST 22, 2019

Challenger banks are beginning to offer more robust suites of services beyond the mobile apps and prepaid cards with which they started. Legacy Banks and the Innovation Game. Legacy and challenger banks’ innovation and engagement approaches will depend on consumers’ perspectives.

Innovation 109

Innovation Digital Banking Fintech US 109

PYMNTS

FEBRUARY 22, 2017

For Fiserv, a focus on financial services innovation means a focus on the end-user experience. Last year, the company won not one but two awards at the PYMNTS Innovation Project 2016 Awards, nabbing Gold for Best Check Innovation and Gold for Best Debit Innovation. “Security tends to always be a requirement.”

Innovation 129

Innovation Security Innovation Strategies Data 129

Bank Innovation

FEBRUARY 14, 2020

card startup Curve opened a New York City office in advance of its U.S. Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. launch; and Wells Fargo’s […].

FDIC 243

FDIC New York City New York US 243

Bank Innovation

MARCH 6, 2020

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments.

Strategy 221

Strategy US America Cards 221

Bank Innovation

DECEMBER 9, 2019

Corporate card and financial product startup Brex is best known as an enabling platform for businesses, with a focus on startups. The three-year-old company, which is reportedly valued at $2.6 billion, initially spread the word about its offerings through word-of-mouth referrals. But that’s quickly changing.

Branding 221

Branding Cards Report Company 221

Bank Innovation

FEBRUARY 2, 2020

Brex, a corporate card and financial product startup aimed at businesses, has raised $615 million in combined equity and debt since its founding in 2017.

Leadership 221

Leadership Meeting Cards Company 221

Bank Innovation

NOVEMBER 15, 2019

While large consumer-facing fintech companies like Square, Klarna, Affirm and others tout speed and efficiency of their user experiences, card issuing and processing startup Marqeta‘s technology supports their payment capabilities, with its APIs allowing […].

Tools 170

Tools User Experience Cards Fintech 170

Bank Innovation

JULY 25, 2019

Card issuing and processing startup Marqeta may not have picked the sexiest part of the payments ecosystem to disrupt, but it’s looking to catch the same wave as challenger banks and fintech lenders that are raking in funds by the hundreds of millions as they expand into new geographies. Marqeta uses open APIs to allow […].

Payments 186

Payments Cards Fintech Innovation Strategies 186

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.

Marketing 199

Marketing Capital Cards Report 199

The Financial Brand

OCTOBER 10, 2021

Leading traditional credit card issuer crosses the line into merchant-supported buy now, pay later lending. The post Card-Issuing Bank Takes on Fintechs with Its Own BNPL Plan appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Cards 39

Cards Fintech Banking Trends Analysis 39

The Financial Brand

JUNE 29, 2021

The post Walmart & Green Dot Turning Pre-Paid Cards into Checking Accounts appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Anticipation about the mega-retailer's banking ambitions stokes fears, but the evolving role of hybrid fintech/neobank Green Dot is key.

Cards 42

Cards Banking Trends Analysis Trends 42

Bank Innovation

JULY 8, 2019

Japanese mobile payments app Kyash is making a play for consumer wallets with a Venmo-style digital and physical debit card that handles merchant paym.

Mobile 150

Mobile Payments Cards Customer Experience 150

Bank Innovation

JULY 11, 2019

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US 170

US Marketing Cards Innovation Strategies 170

The Financial Brand

SEPTEMBER 14, 2020

The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives appeared first on The Financial Brand. It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share.

Millennials 37

Millennials Cards Lending Branding 37

BankInovation

AUGUST 11, 2020

The credit-card giant is in advanced talks to buy Kabbage Inc., provider of credit cards to those […]. American Express Co.’s s small-business aspirations just took another step forward. a person familiar with the matter said, a deal that would make AmEx a bigger lender to mom and pop shops.

Cards 78

Cards Company Innovation Strategies Strategy 78

BankInovation

JULY 14, 2020

The Afterpay card — and what we’re bringing to the market — is a virtual, contactless Visa card that is stored either in customers’ Apple […]. The Australian point-of-sale lending company, which launched online in the U.S. in 2018, announced the expansion into physical stores today.

United States 64

United States US Retail Apple 64