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TurboTax Bid For Credit Karma Triggers Antitrust Worries

PYMNTS

The FinTech startup offers free credit scores, credit card applications, loans and savings accounts. As the leader in DIY taxes, TurboTax has been dealing with escalating competition from Credit Karma, which is now a leading financial app among younger customers. Credit Karma started offering a free tax filing service in 2017.

Taxes 130
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How SMB FinTech Firms Boost Data Sharing Without Open Banking

PYMNTS

Indeed, he said, a lack of regulatory momentum in certain markets means acquisitions are often the most effective choice. ” It was the latter for Wave, which recently acquired small business account and debit card solutions provider Every. “If you look at the current state of affairs of open banking [in the U.S. ”

Data 184
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

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. Market opportunity. Virtual card issuance. Business lending and corporate cards. Stripe is ramping up its private market investments.

Online 98
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Electronic payments ‘add $300bn’ to global economy

NCR

Whether it is credit, debit or prepaid payment cards, or alternative forms of digital payment, a study conducted by Moody’s Analytics on behalf of Visa found that increased acceptance of electronic payments encourages household spending, boosts employment and supports overall prosperity. percent to GDP attributable to card usage.

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FI Highlight: National Police Credit Union

Banking 2020

National Police Credit Union (NPCU) is a marketing division of Chicago Patrolmen’s Federal Credit Union (CPFCU) and has been serving the needs of police officers and their families since 1938. It is an online marketing portal through which any Fraternal Order of Police member and their immediate families may join.

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How to Protect Your Children from Identity Fraud

FICO

Industry estimates attribute around 80% of credit card fraud losses to synthetic identity fraud and child identity theft. (On In part, this is due to a change made in 2011 by the U.S. A child receiving preapproved credit card applications, or government notices related to taxes, benefits or even traffic violations.

Fraud 40
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The Cashless Top 10

Tomorrow's Transactions

Based on the rate of cash-free transactions and the percent of the population that relies on a debit card, here is a look at the 10 countries leading the pack toward a nearly cashless economy. It uses the results of MasterCard report to make a top 10 list of countries heading towards cashless economies. Ok, why not: let’s have look through.

Cards 66