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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. exclusively for PayPal members in a effort to increase usage in online and physical stores. The card will be issued by Stamford-based Synchrony Bank, which has partnered with PayPal since 2004.

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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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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 received approximately $6.9 billion in total consideration at closing. through 2028.

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

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. The last one, published in Jan 2014, featured 50 innovations (see below).

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Bain Capital Technology’s Bet On hey And Japan’s Digital Payments Shift

PYMNTS

The country was home to one of the world’s first mobile commerce innovations with the DotCoMo mobile wallet all the way back in 2004. It has been fairly complex for merchants to actually accept even just multiple credit cards,” Abrahamson said. You need to have multiple different networks.

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Got $25 Million? Six Payments Execs Share Their Post-Pandemic Startup Ideas

PYMNTS

Catastrophe breeds innovation — at least in terms of new business concepts. And in a roundtable with Karen Webster, five panelists from innovative companies — and one investor who gave insight into what he looks for when funding such firms — said digital-first should be the guiding light in backing nascent business ventures.

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Retail’s Small Business Crisis

PYMNTS

While it was easy to chalk things up then to the financial crisis and the consumer spending hangover that resulted, we dug deeper and discovered the enormous shifts in buying online from physical stores that had been underway. There weren’t easy ways to innovate retail business models.

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