CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

PYMNTS

JANUARY 20, 2020

The Federal Trade Commission (FTC) has filed a suit against Georgia fuel card firm FLEETCOR , alleging that it bilked customers out of millions of dollars in hidden fees, a charge the company denies, according to reports on Monday (Jan. The publicly traded company was founded in 2010, and reported 2018 annual revenues of $2.4

Georgia 130

Georgia Cards Branding Report 130

Gonzobanker

MAY 14, 2021

The Fed’s proposed change to the Durbin Amendment could mean big losses in payment card interchange income for financial institutions. It is not surprising that the Fed would want to go after card-not-present (CNP) volume, also known as online/eCommerce transactions (think Amazon). for card present (CP) volume.

Cards 147

Cards Regulation Conference Online 147

FICO

AUGUST 11, 2016

The following is a guest post from Kendrick Sands, Senior Analyst - Consumer Finance at Euromonitor , on the trends shown for European card fraud in 2015. As a share of total card payments for the researched markets in Europe, total value lost to fraud declined from.08% You can follow Kendrick Sands’ blog posts at [link].

Fraud 40

Fraud Trends Online Payments 40

PYMNTS

JULY 4, 2018

And the percentage of loans originated by FinTech firms is growing astronomically: While they originated less than 1 percent of personal loans in 2010, they originated 36 percent of them in 2017, Bloomberg reported. “A And established banks are getting into the market through online platforms, too.

Lending 110

Lending New York Fintech Cards 110

PYMNTS

SEPTEMBER 18, 2018

But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity. Mortgages and Credit Cards and Student Debt…. Mortgages ?

Lending 148

Lending Innovation Fintech Cards 148

NCR

MARCH 22, 2016

From the surge in contactless transactions across Europe to booming card payments in Asia, non-cash transactions are rising globally. At the centre of all this lies the humble debit card and credit card. Debit cards. Debit cards are the most common type of cards held, performing a wide variety of functions.

Cards 40

Cards Trends Payments Study 40

PYMNTS

JUNE 16, 2017

The Federal Trade Commission announced Thursday (June 15) that NetSpend, the operator of a debit card, is providing refunds to settle charges that people couldn’t access their money in their NetSpend accounts. The emails tell how to request a refund using an online form. The paper notice contains a printed form to return.

Cards 109

Cards Marketing Operations Online 109

PYMNTS

NOVEMBER 28, 2020

Back in 2010 after the 2008 market crash, American Express wedged in a new commercial holiday between Black Friday and Cyber Monday, dubbed Small Business Saturday. This year, it falls on Nov. Now as then, Amex is mobilizing cardholders behind beleaguered SMBs. Bob Cratchit would approve — or be horribly insulted. Hard to say.

social media 198

social media National US Retail 198

PYMNTS

SEPTEMBER 21, 2020

21), Commerzbank recounted in a statement that the transactions detailed in the FinCEN files are “based entirely on reports made by Commerzbank to the responsible authorities, mainly in the period 2010 to 2016,” and that the bank had reached a settlement in 2015 to pay regulators about $1.5 In one example, reported on Monday (Sept.

Fraud 347

Fraud Report System FDIC 347

PYMNTS

MAY 18, 2018

The rate of credit card delinquencies jumped 52 basis points (BPS) in the first quarter (Q1) of 2018, and will likely continue to increase over the next 12 months as consumers take on more debt. The rate of new delinquencies on credit cards stood at 6.42 The rate of new delinquencies on credit cards stood at 6.42

New York 120

New York Survey Cards Report 120

PYMNTS

NOVEMBER 20, 2019

Customer-facing markets such as financial services and insurance have greatly benefited from real-time payments, and healthcare could be next. healthcare market, which is continuously at the center of debate regarding how to expand access and manage treatment costs. Frictions are rampant in the U.S.

Payments 111

Payments System Cards Marketing 111

Fintech Labs Insights

JUNE 29, 2023

Companies with a significant volume of credit/debit card payments rely heavily on payment processors to keep them afloat. SMB market for third-party solutions. Stripe FAB Score = 11,400 (up 700 from April) – HQ: San Francisco – Founded: 2010 – Raised $8.7B Funding invested into the company as either equity or debt.

Online 15

Online San Francisco Payments Fintech 15

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. The legacy players held their market share by providing digital services deemed “good enough” to retain customers loath to switch banks. Looking for small business resources?

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

PYMNTS

MARCH 18, 2019

The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. Money will go to such areas as job training and programs meant to “boost collaboration between employers and the educational system,” and for better data analysis and delivery for the labor market. fee each month.

America 175

America Survey FDIC System 175

PYMNTS

MAY 6, 2019

In meetings with the CEOs of the existing card rails and the merchant solutions companies that serve them, a beautifully crafted, well-designed pitch is made to consider the investment – a pitch laced heavily with the tried-and-true FUD factor (fear, uncertainty and doubt) as the key theme. But, they say, that’s going to happen anyway.

Innovation 209

Innovation blockchain Payments cryptocurrency 209

Fintech Labs Insights

DECEMBER 15, 2021

Companies with a significant volume of credit/debit card payments rely heavily on payment processors to keep them afloat. SMB market for third-party solutions. Note: We divided the payment providers into four categories: Charge card and expense management ( see list here ). Market cap: $82B (15 Dec 2021). Founded: 2010.

San Francisco 15

San Francisco Online Payments United States 15

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. In 2010, LendingClub added to its war chest with a $24.5 The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

AUGUST 27, 2018

Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt. According to the Financial Times , the good news is that delinquent credit card debt, overall, remains low. In fact, at 3.4

Data 103

Data Cards Millennials Groups 103

PYMNTS

DECEMBER 2, 2016

James Chappell, CTO and co-founder of Digital Shadows , joined PYMNTS for this week’s Hacker Tracker to discuss how cybercriminals are enjoying their own version of the holiday shopping season across online marketplaces on the dark web. Uncut cocaine was also available at a discounted rate.

Operations 100

Operations Cards Online Industry 100

Celent Banking

NOVEMBER 17, 2015

Many of the top FinTech companies—Square for card acceptance, Stripe for e-commerce, and Kabbage for business loans, have gained prominence serving primarily small businesses. Online small business lending by direct credit providers has especially taken off. Let’s take a look at data compiled by the FDIC starting in 2010.

Report 100

Report FDIC Lending Fintech 100

Gonzobanker

JANUARY 17, 2020

In the years 2010-2020, new tech adoption transformed customer expectations. There are still 106,000 branches when credit unions are considered, and banks are overestimating the contribution many branches are making to retaining and growing revenue, all while starving investments in marketing, digital and data maturity.

Customer Experience 126

Customer Experience Fintech Regional Cards 126

Fintech Labs Insights

DECEMBER 13, 2021

And it’s an area often lacking in traditional online banking services. We divided the payment providers into four categories: Charge card and expense management ( see our list here ). Market Cap: $26B (12 Dec 2021, NYSE:Bill). Market cap: $3.2B (13 Dec 2021); NASDAQ: AVDX. Founded: 2010. Charlotte, NC. 7 Dec 2021.

San Francisco 15

San Francisco Online Seattle Denver 15

PYMNTS

AUGUST 9, 2018

The dominant — and pretty much only — name in the smartphone market was Blackberry, and it was mostly for the uptight professional who could only be truly happy when reading their work emails. The App Store and Android Market (Google Play’s previous iteration) were both three years away, and Siri was seven years away.

Online 101

Online Sacramento Course New York City 101

Insights on Business

APRIL 21, 2017

When the Watson-powered IBM Safer Payments system went online in France, it was fed 4.7 billion transactions in real time, including approximately 75% of annual credit card transactions in the country. When it came on line, the credit card fraud rate in France fell for the first time in a decade. The system can learn.

Technology 156

Technology Compliance Regulation Training 156

PYMNTS

JANUARY 1, 2019

That product never quite made it to market. In fairness, it was 1995 — Amazon was a year old and a bookseller online. The fact that Gates was right about the first two is arguable, what with the explosion of online mobile banking, digital payments and tech-based financial services. Disappointed now? and around the world.

Apple 150

Apple Google Bitcoin Mobile 150

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. Keep in mind, the US market had the most cards to re-issue and the most POS devices to replace, it was a costly initiative, but in the long run, can save substantial costs associated with fraud. million in 2016.

Fraud 84

Fraud Cards Security US 84

PYMNTS

OCTOBER 21, 2019

Mobile payments’ inevitable ignition became a common running prediction at the beginning of each year in the 2010s that, at some point, also became something of a running joke. The network would run on a card issued by Barclays U.S., When most people asked “what’s next?” and run on the Discover rails.

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

JUNE 12, 2017

When 90 percent of Chinese customers are abandoning online purchases at the payment phase, that should tell merchants something. It helps optimize transaction acceptance rates by showing which card types or currencies are most likely to be declined. OL: Ronen Morecki and I founded Zooz in 2010 and launched the company in 2012.

Data 136

Data Retail Software System 136

PYMNTS

JULY 23, 2018

May 2018’s household income numbers were up nearly 2 percent from last year, they say, due largely to increases in base compensation resulting from a tightening labor market. That sounds pretty good in a market in which wages are stagnating — with base comp rising at 0.5 Only 4 percent of Shut Outs report having a credit card.

Cards 122

Cards Groups Report US 122

NCR

JUNE 21, 2016

Nowhere is this more evident than in the emerging battle for e-commerce in a country where millions are as yet still not online. India’s e-commerce sector holds arguably more potential than that of any other country as millions of people come online over the next 15 years. E-commerce. But it won’t be easy for India.

Payments 45

Payments ATM Cards Dallas 45

PYMNTS

DECEMBER 30, 2016

Consumers flocked to online and mobile commerce , robots rose in food and consumer goods , and brick-and-mortar stayed relevant with retail experimentation — pop – ups , flash sales , store-in-store and showrooms. “How market development, to get both a domestic and worldwide perspective on the current retail landscape. “In

Retail 123

Retail Online Customer Experience Trends 123

Jeff For Banks

DECEMBER 12, 2015

So FinTech (six) firms need capital and revenues to grab a foothold in the financial services market. So I went to the Finovate 2010 Best of Show to see where these firms are now. Analysts are predicting the robo advising market will grow to $489 billion by 2020. Lots of business cards. Legit question. That's quite a run.

Fintech 60

Fintech Capital Cards Bitcoin 60

PYMNTS

SEPTEMBER 26, 2016

But we will know how Square is raising the in-store payments game for SMBs, how Samsung is changing the topic and how Google is (finally) proudly welcoming Gmail to the year 2010 with mobile upgrades. Card-on-file comes to the physical store. No card, no phone, no swipe, dip or tap. Square Gets Competitive. Will it work?

Samsung 100

Samsung Mobile Google Cards 100

PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. I would say around 2010, 2011, 2012, with Apple having mobile payments acceptance in stores, checking out on mobile devices, that’s where we saw transactions become much more personal,” Dasilva said of in-store retail experiences.

Retail 100

Retail Apple Fraud Online 100

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. It’s early but it’ s a great entry to the market and our industry.

Idaho 148

Idaho Conference Data Marketing 148