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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

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.

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Fighting digital banking fraud – Part 1: Know the threat

NCR

million people over the past year, marking a record high since Javelin began tracking identity fraud in 2003. This is partly a result of the expanding rollout of EMV cards and POS terminals , which will reduce card present transaction and counterfeit card fraud. Javelin has estimated that 7.7

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Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

Stripe rolled out chargeback protection, Apple rolled out its take on sign-in authentication , Mastercard launched an open banking platform and Visa and Western Union paired on a global push to card payments – and those are just the top headlines. Finn accounts will now be changed over to Chase accounts.

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The 134 Fintech Unicorns of the 21st Century (Jan 2021 update)

Fintech Labs Insights

The first, Divvy, is a corporate credit card and expense management firm in the same category with Brex, Expensify, and others. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. It is the 7th fintech unicorn based in India, and the 4th most valuable. Full Fintech Unicorn List.

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The 134 Fintech Unicorns of the 21st Century (Feb 2021 update)

Fintech Labs Insights

The first, Divvy, is a corporate credit card and expense management firm in the same category with Brex, Expensify, and others. But given it’s position as powering alternative energy lending at the POS, it seemed to be more the former. It is the 7th fintech unicorn based in India, and the 4th most valuable. Full Fintech Unicorn List.

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The Future of Noninterest Income at Financial Institutions

Abrigo

Financial institutions generate most of their income by lending and investment activities. Once accounting for 46 percent of bank revenue (2003), more recently, noninterest income averages closer to 34 percent (2018). Types of Noninterest Income. An important source of revenue. And it is trending downward.

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The 238 Fintech Unicorns of the 21st Century (Sep 2021)

Fintech Labs Insights

Their total market value is now $2.21 Total market value = $2.21 5.9B: Clearwater Analytics – US investment back-office provider founded in 2003. 5.9B: Clearwater Analytics – US investment back-office provider founded in 2003. Secondary market May 21. In August, we added 17 new unicorns for a total of 238.

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