PYMNTS

AUGUST 8, 2017

7) that it charged twelve people with money laundering millions of dollars in credit card charges via fraudulent merchant accounts. According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let it process credit card charges close to $6 million.

Cards 112

Cards Fraud America Lending 112

PYMNTS

SEPTEMBER 26, 2016

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. Convenience fees charged by Tyler range from 2.75 percent to 3.5 There were 7.5

California 100

California Cards Sacramento Texas 100

Jeff For Banks

DECEMBER 22, 2013

versus 68.5%, respectively) and its operating expenses as a percent of average assets compared to peer banks (1.66% versus 3.09%, respectively).So, So, as a branchless bank, BofI has leveraged its significantly lower operating expenses into profit. The branchless community bank operates in the Wilmington-Philadelphia market.

Community Bank 84

Community Bank Atlanta Community Strategy 84

PYMNTS

SEPTEMBER 13, 2019

By being able to operate as a bank, we have the tools to take the next step and drive true positive change for the users.”. Northmill said it had a “constructive dialogue” with the SFSA, and that banking services like payment transfers, saving accounts and cards will all be added “in the near future.”. and Monzo in London.

cryptocurrency 156

cryptocurrency Fintech Innovation Operations 156

PYMNTS

JANUARY 24, 2020

Founded in 2013, N26 has raised a total of $683 million in financing. In 2019, N26 began operating in the United States. so their affinity [for] credit products, credit cards, loans, overdrafts — whatever it may be — is higher versus, for example, comparing it to continental Europe,” Kopp said. “It Nicolas Kopp, the U.S.

United States 193

United States Examples Marketing Fintech 193

PYMNTS

MARCH 25, 2020

Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies,” said Jacobs. 31, 2019 showed an increase in total operating revenues of $249.3

Fintech 139

Fintech Operations Innovation Company 139

PYMNTS

JANUARY 13, 2020

Plaid, which was launched in 2013, is attractive to Visa because it has the technology to get access to a customer’s bank account data, collect it and aggregate it for financial services providers to use. Visa has signed a deal to purchase FinTech firm Plaid for $5.3 billion, according to a report.

United States 143

United States Fintech Cards Operations 143

PYMNTS

DECEMBER 10, 2018

It’s the decoupled debit card. Merchants paid less when they accepted those cards. Aside from a handful of special use cases , there wasn’t mass adoption of decoupled debit cards, and merchants didn’t end up issuing many. The REDCard has seen its growth slow appreciably since 2013, the year of the infamous Target breach.

Branding 184

Branding Cards Payments New Jersey 184

PYMNTS

SEPTEMBER 21, 2018

The departure will conclude nearly seven years in the position for Meissner, who spearheaded a “reshaping” of corporate and investment banking operations following its merger with Merrill Lynch post-financial crisis. The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations.

America 135

America Samsung Mobile Operations 135

PYMNTS

DECEMBER 24, 2019

However, after almost 50 years, it began to fade in the 1980s, disrupted by the emergence of store-branded credit cards. Yet, instead of offering the option to pay now and buy later, the credit cards reversed the order of operation and allowed customers to buy now and pay later over time. Other winners included O.M.G.

Millennials 139

Millennials Branding Trends Retail 139

PYMNTS

OCTOBER 3, 2016

which is interested in Cabela’s credit card business, World’s Foremost Bank, sources told Reuters. Cabela’s investor Elliott Management last year disclosed an 11 percent stake in Sidney, Nebraska-based Cabela’s and is reportedly urging a sale to pull value out of the hard-hit by recent trends retail operation.

Nebraska 148

Nebraska Capital Retail Cards 148

Abrigo

DECEMBER 2, 2014

To provide a report card on industry status and performance, the FDIC publishes a Quarterly Banking Profile. Compared to the second quarter of 2014 and the third quarter of 2013, loan growth continues to increase. This total represents an increase of almost 24% over the third quarter of 2013. Loan-Loss Provisions Increase.

Community Bank 207

Community Bank FDIC Community Industry 207

PYMNTS

JANUARY 28, 2019

Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. The ability for merchants to surcharge in the U.S. is nothing new.

Regulation 181

Regulation Boston Cards Innovation 181

Payments Source

OCTOBER 10, 2016

ATM operators have been down this road before, dealing with Mastercard's rules on EMV transactions occurring with the international Maestro debit cards as far back as 2013. But awareness and experience doesn't automatically translate to preparation.

ATM 60

ATM Cards Operations Compliance 60

PYMNTS

SEPTEMBER 27, 2017

The Wall Street Journal reported that the joint venture, which has operated in conjunction with First Data Corp. Merchant Services helps businesses handle debit and credit card transactions. In 2013, Bank of America Merchant Services was the top U.S. since 2009, employed about 2,200 people. billion in merchant fees in 2016.

America 125

America Operations Meeting Strategy 125

PYMNTS

AUGUST 19, 2019

There is lots of motion in the markets, with Apple officially moving into the world of being a card issuer (with mixed reviews), Venmo making moves on the bank account and Google Pay breaking up with Visa Checkout as a payments button. Apple’s Expensive Card. Don’t say we didn’t warn you. Venmo Steps up Its Game Against Zelle.

Apple 128

Apple Google Data Cards 128

PYMNTS

MAY 6, 2019

Our team has torn apart the small business banking playbook and created our own digital banking platform and operating model from the ground up.”. Clients, in turn, receive debit cards and can move money through mobile check deposit, wire, BillPay and automated clearing house (ACH).

Innovation 192

Innovation Fintech San Francisco New York 192

PYMNTS

JULY 25, 2019

The small business cardholders receiving refunds represent about 1 percent of the company’s total forex clients between 2013 and 2018, according to reports. percent of the company’s revenues, reports added, and is separate from the firm’s main credit and charge card operations.

Maine 128

Maine Report Company Payments 128

PYMNTS

MARCH 12, 2020

Providers serving a wide array of businesses have access to more card or customer data than individual merchants, meaning they may be more able to flag individuals showing signs of fraudulent or unusual behavior. . Payment processors expanding their operations into new industries and markets have their work cut out for them, however.

Fraud 130

Fraud Analysis Regional Examples 130

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers.

Retail 100

Retail Cards Data Atlanta 100

PYMNTS

JULY 28, 2019

Nubank was founded in 2013 as a small startup aimed at giving people control over their financial lives. This year, Nubank started operations in Mexico and Argentina. In this seventh round series F funding, the company raised $400 million and is now the largest “digital bank” in the world, a Nubank press release said. .

America 134

America Capital California Fintech 134

PYMNTS

DECEMBER 19, 2017

That’s all exacerbated by people using their own personal cards [for company expenses],” he continued. Solutions that aim to be proactive often involve a prepaid card, but Bean argues that this tool can be a burden on managers to issue cash upfront without knowing exactly how much an employee will need.

Management 158

Management Fraud Cards Strategy 158

PYMNTS

SEPTEMBER 18, 2018

The agency said that the person behind the operation, Katrina Moore, “promoted the sale of a variety of financial documents on the website she operated, FakePayStubOnline.com. Its operator, Steven Simmons, had a website called “NoveltyExcuses.com website from 2013 until October 2017, where for $19.95

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

AUGUST 24, 2018

They are the owners of Transact Pro , which operates as a payments processing firm in Latvia. The bank now gets a bit of fashioning, as the Latvian duo now join the board (Chapter 11 allows firms to operate as they restructure their debts). The bank itself? It was in Chapter 11 bankruptcy, as had been declared in November of last year.

Colorado 101

Colorado Leadership Fintech Operations 101

PYMNTS

JULY 9, 2019

Since each customer has their own unique card, the store can track shoppers with an assist from security cameras. Customers can select items and check themselves out with a tablet-based point-of sale (POS) system that accepts credit and debit cards. The shop’s lighting is motion-activated and triggers when customers enter.

Retail 180

Retail Houston Minnesota Austin 180

Abrigo

MARCH 4, 2022

A recent example of a bust out scheme was a nationwide operation that resulted in a Great Valley, N.Y., A $200 million international fraud scam uncovered in 2013 involving more than 7,000 synthetic identities and tens of thousands of credi cards. The largest ever bust out case to date?

Fraud 195

Fraud Cards Software Trends 195

PYMNTS

MARCH 16, 2018

Thankfully, today’s parking kiosks have moved beyond coin-operated solutions to accept dollar bills, credit and debit cards, mobile wallet and mobile app payments. In 2013, the U.S. adults have used a credit or debit card at unattended car parking meters, kiosks or exit barriers. In the U.S., imported 223,000 kiosks.

Data 125

Data Mobile Report Technology 125

PYMNTS

MAY 23, 2016

The launch of the service, in partnership with Experian, makes the credit card issuer the first company to offer free credit score reporting to its users. Discover has launched a new online functionality called Credit Scorecard to keep its users up to date on their latest FICO credit score. Now, we’re extending this benefit to everyone.

Online 100

Online Cards Operations Management 100

South State Correspondent

OCTOBER 25, 2023

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

Fraud 195

Fraud ATM Payments Management 195

PYMNTS

JULY 11, 2018

CNBC said The Steinberg Group , which operates under the name dOMAIN, and a production management company in New York City agreed to submit altered invoices and bills to hide the scam. The fraud happened from 2008 until he was fired in 2013, noted the report. He also worked with two QVC vendors to aid in ripping off the company.

Company 102

Company New York City Fraud Retail 102

Gonzobanker

OCTOBER 12, 2022

Less than 10 years old, the Brazil-based digital bank counts 70 million clients across its three operating countries ( source ). Founded in 2013, Nubank boasts no maintenance fees and offers free and unlimited transfers and a higher interest rate than a regular savings account. Don’t Look Back in Anger.

Fintech 97

Fintech United States Chicago Mobile 97

PYMNTS

FEBRUARY 27, 2019

The country’s Department of Home Affairs (DHA) launched a national identity card in 2013 that includes fingerprint authentication on top of a standard PIN. The card relies on embedded processors to store citizens’ data, which includes fingerprints and photos. The country is now issuing as many as 500,000 licenses per month. .

Security 159

Security National Wyoming Idaho 159

PYMNTS

NOVEMBER 6, 2019

bank account have access to Zelle in their mobile banking app,” Lou Anne Alexander, group president, payments solutions at Zelle operator Early Warning, said in a press release. Square also offers small business loans and has a Visa debit card linked to the app, which lets users treat it like a bank account.

Millennials 107

Millennials Payments Cards Survey 107

CB Insights

FEBRUARY 13, 2018

The bank acquired the team behind credit card startup Final in Jan’18, and it is rumored to be in talks with personal finance management app Clarity Money. Since 2013, 80% of the top 50 banks by total assets operating in the US have not acquired a fintech startup. With that said, this trend is beginning to change.

Fintech 68

Fintech Trends Strategy US 68

PYMNTS

DECEMBER 9, 2020

The process involves capturing a user’s live photo to compare alongside an official document, such as an Aadhaar card, which bears a unique, 12-digit ID number. The company was founded in 2013, and its mission is to address India’s enormous credit problem by providing flexible and timely credit delivered via a seamless mobile experience.

Video 175

Video Capital Lending Security 175

PYMNTS

FEBRUARY 22, 2019

The method works when cybercriminals insert some malware on a retail website that basically acts as a card skimmer that siphons off consumer card data as it’s entered. With more than 380,000 credit cards stolen, the British Airways attack alone may have netted criminals more than $17 million,” the report stated. Formjacking.

Cards 116

Cards Bitcoin Data Retail 116

CFPB Monitor

APRIL 25, 2022

As in all prior years since the Bureau began accepting debt collection complaints in 2013, the most common complaint in 2021 was about attempts to collect a debt that the consumer claimed was not owed.

Report 141

Report Pennsylvania Resources Operations 141