PYMNTS

SEPTEMBER 24, 2020

In today’s top news in digital-first banking, Volante Technologies Inc. is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. Volante Technologies Inc. Digital Mortgage Startup Blend Expands Into Consumer Banking.

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Lending Analytics Technology Software 226

Independent Banker

JUNE 30, 2022

As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed. Remember, not that long ago, when a loan card was handwritten on a one-page form? As we think about our ability to leverage technology, what are the low-hanging fruit?

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Lending Idaho Nevada Oregon 141

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

Cards Mobile Payments Lending 219

PYMNTS

APRIL 14, 2020

To roll out a completely managed small business lending offering that digitizes the end-to-end loan life cycle, application development technology firm Unqork has teamed with Deloitte. It left most lenders with complex operational challenges resulting from legacy technology and manual processes and controls.”.

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Lending Meeting Technology Security 160

PYMNTS

JANUARY 27, 2021

Although commercial cards are evolving to gain traction in more B2B payment scenarios — particularly, accounts payable (AP) — new challenges emerge that can slow down the rate of adoption. Billtrust, REPAY Drive Virtual Card Adoption. Tat Capital Debuts Value-Add For Corporate Cards.

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Cards Capital Security Compliance 237

PYMNTS

OCTOBER 7, 2020

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 rolled out co-branded cards with Amazon for British SMBs.

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Cards Innovation United States Branding 248

PYMNTS

OCTOBER 8, 2020

Berlin's Mambu is partnering with New Zealand digital lending platform Ranqx , which will use Mambu's API-first digital banking platform to provide digital lending experiences, loan origination, decisioning and monitoring for small- to medium-sized businesses (SMBs), according to a press release.

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Lending Customer Experience Digital Banking Innovation 141

Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

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Lending Community Bank Community Illinois 91

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208

Cards New York Capital Compliance 208

Bank Innovation

JANUARY 15, 2020

Despite advances in banking and personal finance technology, paying credit card bills in a simple, time-efficient way is still a pain point for many consumers. households revolved credit card debt from month to month last year. According to recent research, 37% of U.S.

Cards 273

Cards Payments Technology Lending 273

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

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Cards New York Lending Strategy 131

PYMNTS

JANUARY 8, 2020

There is more than one way to drive commercial card innovation. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. One of the largest stories for the commercial card industry is the recent complaint filed by the U.S. Uber Jumps Into Biz Card Rewards.

Cards 131

Cards Lending Data Georgia 131

PYMNTS

DECEMBER 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. 11), Cred revealed the rollout of its developer platform CredX (not to be confused with the new credit card accounts payable solution recently launched by Finexio ). In a press release on Tuesday (Dec.

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Lending blockchain cryptocurrency Bitcoin 139

PYMNTS

JANUARY 14, 2021

Silicon Valley credit card startup X1 raised $12 million in a funding round led by Spark Capital, a backer of Twitter, Plaid, Slack and Affirm. 14) press release that the company has received a positive response to the credit card’s debut, with almost 300,000 users signing up for the waiting list. Consumer borrowing dropped 19.6

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Capital Cards Lending Branding 143

PYMNTS

SEPTEMBER 2, 2020

From flexible repayment plans for cash flow management to sustainability programs that offset carbon emissions from fleet vehicles, the commercial card is versatile in this week's innovation roundup. American Express is expanding its Pay Over Time offering on credit card bills to business cardholders in the U.S.,

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Cards Innovation Management Tools 150

PYMNTS

OCTOBER 23, 2019

Small business lending platform Biz2Credit is collaborating with consulting firm Infosys to expand its white label small business lending-as-a-service solution to more financial institutions. Together, we can make it easier for banks to reimagine lending and embrace innovation faster.”. In a press release issued Tuesday (Oct.

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Lending Analysis Innovation Policies 104

PYMNTS

NOVEMBER 4, 2019

That need for speed is also critical when it comes to loan disbursements , according to Paul Gu, co-founder and head of product for personal lending provider Upstart , as slow payouts can create frictions and frustrate customers. Disbursements in the Lending World. Instant Payments, Lending and New Technologies.

Lending 116

Lending Industry Payments Cards 116

Bank Innovation

JULY 12, 2016

Scandals aside, Lending Club has been doing well in the area that mattered — borrowers were paying back their loans. But a new report from the Wall Street Journal indicates that chargeoff rates at Lending Club are up 38% since 2013. This is troubling because credit card default rates decreased over the Read More.

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Lending Cards Report Online 150

PYMNTS

DECEMBER 10, 2019

New technologies usually have a gee-whiz moment, maybe even a long gee-whiz period — where the sky is the limit, and anything can happen. Blockchain technology — its genesis as a decentralized ledger, publicly visible but anonymous and once synonymous (but not limited) to cryptos — has fared better. Then, of course, comes reality.

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blockchain Lending Technology Data 135

PYMNTS

JANUARY 27, 2020

In the wake of the financial crisis, banks’ pullback from small- to medium-sized business (SMB) lending yielded a flood of technology-driven players stepping in to fill the SMB credit gap. But addressing SMB lending friction isn’t just about connecting borrowers and lenders at the moment an SMB needs capital, he said.

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Lending Online Capital Data 157

PYMNTS

AUGUST 9, 2019

With its new credit card in conjunction with Apple, Goldman Sachs is reportedly approving some borrowers who are subprime for the offering. The bank is accepting applications for the Apple Card from some users who have credit scores that are not stellar, CNBC noted in a report that cited unnamed sources.

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Apple Cards User Experience Report 156

PYMNTS

MARCH 7, 2019

The card network has partnered with Open Banking service Konsentus to add an identity and regulatory checking service to its roster of Open Banking tools and technologies. How PSD2 is Changing Lending in the U.K. and how third-party players are coping with it.

Lending 198

Lending Regulation Regional Data 198

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Tech companies trying to support a bank stack have no easy task.

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Technology Regional Community Bank Community 135

BankBazaar

JANUARY 25, 2024

What have your Credit Card ’s ancestors been up to? There’s probably nothing new we can tell you about the Credit Card. Today, we’re aiming at remedying that, so we’re all left with a new-found respect for our spend-friends and who knows, maybe it’ll just inspire us to go find the right Credit Card to fit our finances!

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Cards Tools ATM Management 78

PYMNTS

APRIL 30, 2020

Cloud banking platform Mambu will help business banking platform Tide expand its services , including innovations in releasing larger overdrafts, credit cards and invoice financing, according to a press release from Mambu. Tide especially wants to use the partnership to focus on bolstering small and medium-sided businesses (SMBs) in the U.K.

Cards 141

Cards Comparison Lending Tools 141

PYMNTS

OCTOBER 9, 2019

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. prime lending rate, which banks charge to their best credit customers, is now at almost its lowest point ever due to Federal Reserve monetary policy. Bloomberg is reporting that the U.S. million in Q2.

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Cards Kansas City Kansas Lending 152

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Mortgages and Credit Cards and Student Debt…. Mortgages ?

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Lending Innovation Fintech Cards 148

PYMNTS

JANUARY 16, 2020

Prepaid corporate card solution provider Soldo is teaming up with NatWest to connect joint business customers to small business loan solutions. 16) in Verdict.co.uk , Soldo’s business users will gain access to small business lending services from NatWest, including the financial institution’s Esme Loans and Rapid Cash services.

Cards 131

Cards Innovation Lending Strategy 131

PYMNTS

AUGUST 2, 2018

This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”. P2P Payments To Power Loans.

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Lending Tools Technology Millennials 138

PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009. Take payroll cards.

Cards 158

Cards Las Vegas Innovation Mobile 158

Payments Source

JANUARY 10, 2020

credit card lender NewDay, which issues co-branded cards for Amazon, Laura Ashley and Topshop, is expanding its technology offerings by acquiring installment lending platform Deko.

Lending 76

Lending Cards Branding Technology 76

Perficient

SEPTEMBER 29, 2022

This blog marks Part 1 of our Embedded Finance Blog Series and will introduce the overarching concept of embedded finance, setting us up to discuss embedded payments, embedded lending, and embedded insurance (all of which fall under the embedded finance umbrella) in future blogs. The Technology Behind Embedded Finance . Use Cases .

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Customer Experience Software Cards Data 294

PYMNTS

SEPTEMBER 11, 2017

Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails. Research from NACHA found accounts receivable professionals expect cards to account for 12.5 But virtual cards, Conduah explained, can help address some of these issues.

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Cards Payments Software Fraud 165

PYMNTS

FEBRUARY 21, 2020

The Open Banking API technology puts accounts directly into a range of platforms for accounting, payroll and more so tasks can be handled at the same time. . Commercial Cards and Payments — and before working at Amex, Duseja held a position at Accenture. The many thousands of U.K. Cashplus also applied for a full U.K.

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Cards Payments Google Tools 160

PYMNTS

MAY 17, 2019

In payments, to gain technology, reach and new use cases (and, sometimes, all of the above), the debate has always boiled down to “build or buy.” The proposed credit card interest rate cap legislation , courtesy of Democratic presidential hopeful Senator Bernie Sanders and Rep. Battle Over Payday Lending Shifts To Public Comments.

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Innovation Lending Bitcoin Payments 144

PYMNTS

SEPTEMBER 4, 2019

Short-term lending has something of a bad rap in the United States — consumer advocacy groups have long accused them of being predatory debt traps, and both state and federal regulators have spent the last decade writing and rewriting regulations aimed at curtailing what they characterize as the short-term lending industry’s excesses.

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Lending United States Industry Regulation 130

PYMNTS

SEPTEMBER 20, 2018

In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer? As ePayables have emerged as an option in the commercial realm, Yarbrough noted that a virtual card can solve problems for both buyers and suppliers.

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Cards Innovation Industry Payments 191