CFPB Monitor

OCTOBER 17, 2022

Last week, the CFPB released its eleventh annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations).

Cards 78

Cards Report Regulation FDIC 78

PYMNTS

OCTOBER 21, 2020

For SMBs, what’s in the cards … are more card readers. Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). Chase has also said that its new SMB offering will enable firms to take card payments within minutes. To that end, the banking giant J.P.

Marketing 306

Marketing Maine Cards Payments 306

CFPB Monitor

SEPTEMBER 9, 2019

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews. Physical point-of-sale.

Cards 60

Cards Report Marketing Leadership 60

PYMNTS

OCTOBER 19, 2020

The Society for Human Resource Management (SHRM) has announced its new SHRM Payment Solution, a press release says, which will focus on faster delivery of payment to employees via electronic means. The release says the mobile app will also come with a prepaid debit card that can be used anywhere. percent in 2009. percent.

FDIC 140

FDIC Resources Cards Payments 140

PYMNTS

DECEMBER 27, 2020

After Square launched its merchant mobile-payment system and simple, namesake swipe device in 2009, the company added its Cash app in 2017, which most recently made headlines for including bitcoin functionality to its platform. Those include online shopping, delivery, loyalty programs, gift cards, money management and loans.

Video 349

Video New York Industry Report 349

FICO

DECEMBER 4, 2019

Our latest review of UK card trends shows that 2-cycle balances continue to grow, which raises several concerns. In this post, I’ll review some of the metrics for UK “Classic” cardholders (excluding Premium and Student cards), break these down by vintage, and offer some thoughts on what issuers should do. . by Stacey West.

Trends 52

Trends Cards Customer Experience Regulation 52

Bank Innovation

FEBRUARY 28, 2017

Bank Innovation today released a beta of its relaunch, the most significant rebuilding of the site since its start in 2009. Let us know what you think of the rebuilt site by emailing info@bankinnovation.net.

Innovation 150

Innovation US social media Operations 150

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. No, we’re not talking about the launch of Square – that was in February of 2009. and was followed by the great cybercriminal migration to the web and card-not-present transactions. True in 2009. In The Beginning.

Innovation 177

Innovation Payments Cards Retail 177

PYMNTS

OCTOBER 16, 2018

These companies are now using workforce spend management tools like corporate cards and reconciliation services to ensure both deadlines and client expectations are met. It was rebranded as “Sparkhouse” in 2009, and currently boasts a client roster that includes Nissan , Forever 21 , Experian and Capital One , among other firms.

Tools 116

Tools Video Cards Management 116

Bank Innovation

MARCH 6, 2017

Today, Bank Innovation releases its most significant redesign and relaunch since the site initially dropped online in 2009. We hope you love the new Bank Innovation. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we were the lone voice for innovation at banks.

Innovation 150

Innovation Online social media Operations 150

Bank Innovation

FEBRUARY 28, 2017

We have undertaken our most significant redesign and relaunch since Bank Innovation initially dropped online in 2009. This beta officially kicks off today and marks a new chapter in the life of Bank Innovation. We hope you love it. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we […].

Innovation 150

Innovation Online social media Operations 150

FICO

MARCH 12, 2018

December 2017 saw the highest levels since at least 2002 for average total sales (merchandise and cash) and average credit lines on UK Classic credit cards. Card Patterns Since 2002. The highest rates were seen in September 2009. It peaked in December 2009. Utilisation was 3.9% Warning Signals.

Cards 40

Cards Trends Analysis Data 40

MyBankTracker

AUGUST 12, 2020

Personal Capital is an online wealth management concept that started in 2009. billion in assets under management with over 24,200 clients. First, they offer everyone access to free personal finance management tools you can use to gain insight into your money. What Free Personal Finance Management Tools Are Available?

Tools 52

Tools Capital Management Taxes 52

PYMNTS

SEPTEMBER 27, 2017

since 2009, employed about 2,200 people. Merchant Services helps businesses handle debit and credit card transactions. Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. It let go about 250 employees last week.

America 125

America Operations Meeting Strategy 125

PYMNTS

AUGUST 26, 2016

businesses as part of a plot to steal and sell credit card numbers. 2009 to Oct. During that time, Seleznev hacked into retail point-of-sale systems and installed malware to steal credit card numbers from businesses. million credit card numbers. The hack is estimated to have cost upwards of $169 million. Secret Service.

Nevada 100

Nevada Georgia Washington Fraud 100

PYMNTS

AUGUST 10, 2016

The paycard has had a tough go of it lately, as measured by back and forth in the financial trade press and by the increased glare of regulators looking at where, when and how the cards can be used. Mobile functionality is an important part of daily financial management, and apps are finding increasing adoption.

Millennials 100

Millennials Cards Software Trends 100

PYMNTS

NOVEMBER 9, 2020

percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. Unbanked consumers have more access to digital technologies than ever that could help them manage their money even without bank accounts. The percentage of unbanked households in the country had previously fallen to 5.4

Tools 203

Tools Mobile FDIC Examples 203

FICO

JUNE 7, 2017

As noted in my previous post, over the last five years there has been significant growth in exposure, card balances, sales and, to a lesser extent, cash usage on UK cards. Average 2 cycle balances experienced 14% annual growth and reached the highest point since August 2009.

Cards 45

Cards Guidelines Comparison Trends 45

PYMNTS

SEPTEMBER 29, 2016

Back in 2009, that’s what NerdWallet did. Seeing NerdWallet grow from a singular credit cards tool in 2009 to providing content and tools across 11 personal finance topics today is something I have great pride in,” said Tim Chen, CEO and cofounder of NerdWallet. So, what’s a good startup idea? A personal finance site.

San Francisco 100

San Francisco Tools Knowledge Base Cards 100

PYMNTS

OCTOBER 1, 2018

By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. We have full confidence in our new management team and we are a better company today.”. It was an idea slightly ahead of its time, but not by much – and despite the fact that most startups get their start by maxing out their credit cards.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JUNE 14, 2018

percent in Q1, in line with averages since 2009. household debt could hit $4 trillion primarily in the form of credit cards and auto loans, which have been steadily climbing. By itself that is not terrible news — as long as consumers are managing all that debt well. Economists are predicting Q2 will show 4 percent growth in U.S.

Retail 108

Retail Taxes Course Capital 108

PYMNTS

AUGUST 19, 2019

According to the Restaurant Readiness Index , 80 percent of QSR managers and customers reported positive experiences with loyalty programs. The fast-casual restaurant was an early mobile adopter, launching an iPhone ordering app in 2009. Importantly, the restaurant doesn’t store any card data. So, what are the downsides?

Mobile 159

Mobile Fraud Security Data 159

PYMNTS

JULY 26, 2016

First Data and Bancolombia said they plan to bring the “latest payments innovations from Europe and the United States to the Colombian market,” including business management and eCommerce solutions.

Puerto Rico 100

Puerto Rico Data United States America 100

PYMNTS

JUNE 10, 2019

When we look at groups like Scattered Canary, we referred to them as a ‘tech startup’ in the 2008 to 2009 time frame, as [they were] just learning the ropes. In other news, spotlighting individual cases of payments fraud, as reported by the Grimsby Telegraph , a finance manager for U.K.

US 129

US Fraud Groups Report 129

PYMNTS

SEPTEMBER 14, 2016

In a world where transactions now take seconds rather than minutes, hours or days to process and approve, the prevention controls must be exercised in real time with intelligence applied across the medium of channels that might be used in today’s digital world, including cards and online banking transactions. million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100

PYMNTS

FEBRUARY 11, 2020

Customers participate through a customer intake program in the Nordstrom New York City store in exchange for Nordstrom gift cards that can be spent at its signature brands as well as its owned brands HauteLook and Trunk Club. It also manages resale programs for Arc’teryx, Eileen Fisher, Patagonia, REI and Taylor Stitch.

New York City 124

New York City Marketing New York Los Angeles 124

Fintech Labs Insights

SEPTEMBER 14, 2016

Enhanced card management and personalized transactions are among the new features for the latest edition Malauzai Software’s mobile and online banking SmartApps. Founded in 2009 and headquartered in Austin, Texas, Malauzai Software demonstrated its MOX Pay Powered by Visual App Builder at FinovateSpring 2016.

Management 12

Management Cards Austin Texas 12

PYMNTS

APRIL 21, 2016

The firm saw its annual sales approaching the $2 billion mark and the firm even filed for a 2009 IPO that was aimed at $175 million (back in 2009 when that was still a large sum). Our Card Members with a Membership Rewards Card can now seamlessly use points for purchases made at Newegg.com.”.

Cards 100

Cards Retail Online Software 100

PYMNTS

MAY 19, 2016

Whether topping up a transit pass, sending money to family or checking your balance, banking and payments must be easy and convenient,” said Marc Mathenz, Fiserv’s managing director of Asia Pacific. million since its launch in 2009. “People are thinking about life, not financial services.

Payments 100

Payments Mobile Apple Strategy 100

PYMNTS

JUNE 9, 2017

Kate Rettker, senior marketing manager and manager of the Protein Bar’s mobile order-ahead process, said the company has tweaked its app design to feature more distinct pops of color and better menu functionality, including adding photography. That’s the biggest win for our guests,” said Rettker.

Mobile 109

Mobile social media Boston Payments 109

PYMNTS

MAY 14, 2020

In 2009, the last recent year with a comparably large output contraction in developed markets, remittances to Latin America and the Caribbean fell 15 percent,” Fitch said in the report. The median Fitch-rated country in the region receives the equivalent of 10 percent of GDP from remittances.

America 151

America Course Report Mobile 151

FICO

JUNE 14, 2018

The FICO Credit Health Index measures Russian credit health, based on the percentage of consumer loans and credit cards reported to NBKI that are delinquent by more than 60 days. The base was set at 100 in July 2009, and it climbed until the end of October 2011. Risk management is still very much a priority for Russian credit grantors.

Risk Management 40

Risk Management Cards Maine Management 40

PYMNTS

MAY 19, 2016

This program was first discovered in 2009, but researchers have now discovered that the malware is being reused to attack banks around the world. Kaspersky Lab announced new research regarding a hacker collective, known as the Skimer group, that uses malware to essentially make an ATM steal users’ money. So, how can this be prevented?

ATM 111

ATM Georgia Groups Policies 111

Javelin Strategy & Research

FEBRUARY 23, 2015

It’s a term that causes many bankers to lock up mentally because they can’t envision a way for personal finance management to escape the historical shackles of old-fashioned PFM in a tab. But just because consumers don’t want PFM in a tab doesn’t mean they don’t want personal finance management in online and mobile banking.

Management 40

Management Taxes Mobile America 40

PYMNTS

JULY 13, 2017

Bitcoin came onto the scene nearly a decade ago in 2009 and has slowly been making strides in the financial world ever since. What makes it unique is that it was developed and is managed by cryptocurrency, which has no central authority. In bitcoin news this past week, we’ve seen varying thoughts on the state of the digital currency.

Bitcoin 101

Bitcoin cryptocurrency Maine Regulation 101

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Innovation 15

Innovation Fintech Online Mobile 15

FICO

OCTOBER 19, 2022

Figure 1: Serious (90+ days past due) delinquency rate by FICO® Score 8 band and FICO® Resilience Index 2 quintile, all industries account management Oct 07-Oct 09. Figure 2: Average FICO® Resilience Index 2 by snapshot, all industries account management vs account origination. FICO® Resilience Index trends by FICO® Score band.

Lending 52

Lending Industry Trends Management 52