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PayPal Launches Cashback Credit Card

Bank Innovation

PayPal launches its first cash-back credit card called PayPal Cashback MasterCard in the U.S. The card will be issued by Stamford-based Synchrony Bank, which has partnered with PayPal since 2004. The card offers 2% cash back on all purchases, with […].

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What Innovators Can Learn From Netflix

PYMNTS

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. The sequel, “ Meet The Fockers ,” released in December of 2004, was among the top-grossing films of 2005. I Don’t Want To, But I Have To’. It is also pretty hilarious.

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Mobile Payments On Smartphones Soar In Japan

PYMNTS

Liu noted COVID-19 has fueled the push towards cashless payments as consumers avoid the use of cash and plastic cards. Last month, PYMNTS reported Japan’s history of mobile payments progress dates back to 2004 when the DotCoMo mobile wallet was introduced, one of the world’s first mobile commerce innovations.

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PayPal Closes On Its Deal With Synchrony

PYMNTS

With the completion of the deal, PayPal said it and Synchrony have extended their co-branded consumer credit card program agreement to make Synchrony the exclusive issuer of PayPal’s consumer financing program online in the U.S. PayPal and Synchrony have been partners since 2004 when they teamed up to offer a PayPal-branded credit card.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

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Amazon Gives Biometric Payments A Hand — In The Store

PYMNTS

The system doesn’t require a “hard touch” — consumers do not have to lay their hand down on the scanner — instead, the consumer waves a hand over the device which then uses a combination of computer vision and depth geometry to identify the customer and connect to their card on file. Paying with a card takes 4 seconds.

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TSYS Appoints Banking Veteran As President And COO

PYMNTS

“She is immensely respected within the payments industry and has a deep familiarity with our company from years of working together which are tremendous assets as we strive to deliver People-Centered innovation in this rapidly evolving payments industry.”. Bancorp’s payment services division, which she held since 2004.