article thumbnail

Understanding the FinTech Effect

Let's Talk Payments

Investments in financial technology have grown exponentially in the past decade – rising from $1.8 billion in 2010 to $19 billion in 2015. The global investments in financial technology ventures.

Fintech 111
article thumbnail

Credit Card Interest Rates Rise To Near-Record Levels

PYMNTS

More than 100 million new credit card accounts have been added since 2010, which means the total amount of customers was at 486.5 trillion since 2010. House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept. million in Q2. trillion, which is an increase of $1.1

Cards 152
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Consumer Financial Protection Bureau Seeks Advice On Financial Data Access

PYMNTS

The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators. Congress created the legislation in 2010 that created the CFPB.

Data 173
article thumbnail

MyPayrollHR Founder Faces $70M Fraud Charge

PYMNTS

20), Mann began borrowing “large sums of money” starting around 2010. The NYC-based financial technology company DailyPay has created a $25,000 fund to pay for overdraft and/or late fees for MyPayrollHR employees, up to $100 per employee. The company handled payroll for roughly 1,000 businesses across the United States.

Fraud 133
article thumbnail

Marqeta Expanding Overseas, Sets Up Shop In The UK

PYMNTS

financial technology startup backed by Goldman Sachs , is expanding overseas. Marqeta was founded in 2010 and has raised $116 million in venture funding, with the most recent round led by ICONIQ Capital and including Goldman Sachs as an investor. Marqeta , a U.S. In addition to Goldman Sachs, Marqeta is backed by Visa.

Las Vegas 142
article thumbnail

SMBs Struggle Amid MyPayrollHR Fraud Inquiry

PYMNTS

20, Mann began borrowing “large sums of money” starting around 2010. The NYC-based financial technology company DailyPay has created a $25,000 fund to pay for overdraft and/or late fees for MyPayrollHR employees, up to $100 per employee. District Court Sept.

Fraud 102
article thumbnail

Phillips 66 Partners With WEX For Exclusive Multi-Year Private Label Extension 

PYMNTS

WEX and Phillips 66 have partnered since 2010, the release said, to develop a sales and marketing program that depends on new payment technologies for fleet customers. WEX focuses on delivering financial technology services across multiple industries including fleet, travel and healthcare.