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FEBRUARY 18, 2019

Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers. businesses to check their credit profiles.

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JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P.

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PYMNTS

JANUARY 27, 2020

Commercial card technology company Cardlay , based in Denmark, has announced a partnership with Mastercard Europe, expanding the FinTech’s reach throughout the continent via Mastercard’s network of issuing banks. The company also announced a $4 million funding round in 2016, which was led by private investors.

Cards 109

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PYMNTS

SEPTEMBER 14, 2018

Payability, a company focused on linking sellers on eCommerce platforms to financing options, is adding a corporate card product to its range of solutions. 13) that its Payability Seller Visa Card is now available to eCommerce sellers. The company announced in a press release issued Thursday (Sept.

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PYMNTS

MAY 31, 2017

Card processor TSYS is looking to heighten the security of mobile corporate payments. The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercial card program, allowing businesses to let their own cardholders pay with a mobile device. To do this across all of our U.S.

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Mobile Cards Payments Samsung 113

PYMNTS

APRIL 27, 2017

consumers become more comfortable with carrying higher levels of debt, the biggest credit card companies reported an increase in chargeoffs in their portfolios during the first quarter of 2017. According to American Banker , the results suggest that the post-crisis era of exceptionally low losses in the credit card industry has ended.

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DECEMBER 1, 2017

The latest survey by Capital One suggests treasurers still have an appetite for new tools and technologies. Capital One’s Treasury Management Services published its latest survey at the Association of Financial Professionals’ annual conference, held last month.

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PYMNTS

FEBRUARY 20, 2020

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.

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Bank Innovation

NOVEMBER 4, 2016

Square reported its third quarter 2016 earnings this week, and it’s not a particular surprise that the company exceeded all expectations: for the third consecutive quarter Square surpassed its expected metrics with a GPV of $13.2 billion, up 39% year over year. As was the case last quarter, CEO Jack Dorsey attributed Read More.

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OCTOBER 1, 2018

in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack at the lender in 2016. I apologize to our customers for the inconvenience caused in 2016.”. Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m What’s more, it said customers faced disruptions in normal service.

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NOVEMBER 12, 2020

banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. Also participating in the round were Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. “We and European strategies.”.

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JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based million) to become a challenger bank.

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Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

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PYMNTS

DECEMBER 8, 2016

billion asset-backed securities during 2016 alone, based on data compiled by Bloomberg. What’s more, Bloomberg found they are finding lots of buyers of the Canadian-backed debt largely because Canadian consumers are known to pay off their credit card debt. As for why the Canadian credit card debt is attractive to investors in the U.S.,

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PYMNTS

OCTOBER 16, 2020

In today’s top payments news around the world, India’s pay-later app Slice is introducing a no-fee Visa Card, while Stripe is purchasing payment processor Paystack. Slice is debuting a no-fee Visa Card that provides its millennial and Gen Z clients with cash back and no-cost EMIs during festive sales. In VC Investments So Far In 2020.

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PYMNTS

JUNE 9, 2017

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009 , possibly due to loosening lending standards. Capital One wasn’t far behind at 5.31 percent in 2016.

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PYMNTS

DECEMBER 16, 2020

The new funds follow a $33 million August fundraise from new investors, including Lloyds Banking Group, Nationwide Building Society and venture capital firm 83North. Founded in 2016, Form3’s cloud-native, API platform powers FIs to securely and efficiently run and scale their payments infrastructure. .

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PYMNTS

JULY 27, 2017

billion, while credit card loans saw the same growth in the quarter. In a press release , the credit card company said Discover card sales volumes increased 5 percent compared to the second quarter of 2016. per diluted share for the second quarter of 2016. per diluted share for the second quarter of 2016.

Cards 101

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PYMNTS

DECEMBER 23, 2016

It’s no surprise that venture capital rounds in B2B FinTech may be dwindling as the holidays ramp up, but that doesn’t mean the space has gone ignored. Treasury management startup Kyriba, headquartered in New York, secured new funding from Mitsubishi UFJ Capital, reports revealed Monday (Dec. Investors in the U.S.,

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Bank Innovation

JUNE 23, 2016

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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PYMNTS

MARCH 31, 2020

Huaxing Capital subsidiary Huaxing New Economic Fund headed up the Series C+ round. Huilianyi was started in 2016 and is a software-as-a-service (SaaS)-based system for travel expense reimbursement. A Huaxing Capital official called the company “an absolute leader in the industry,” per a translated statement.

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PYMNTS

APRIL 30, 2020

as well as Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures, and more, according to a press release. Moriarty said the company prided itself on having made nine acquisitions since 2016 that had put the company in a good place to expand into the asset side of banking. Rowe Price Associates, Inc.

Tools 154

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Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

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PYMNTS

APRIL 12, 2019

“In addition, our continued de-risking of the balance sheet and consistent level of profitability have resulted in capital levels well above our regulatory minimum.”. Credit card transactions hit $18.3 Consumer transactions and auto loans were the main driver of Wells’ Q1 performance.

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PYMNTS

NOVEMBER 20, 2018

In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. This reverses the previous year’s trend, between 2016 and 2017, when sub-prime loan originations across categories fell by 7.1

Lending 188

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PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Financial Inclusion.

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PYMNTS

JANUARY 29, 2020

can get loan approvals in minutes through its Worldpay Working Capital solution, which initially rolled out in March 2019. Working Capital makes it faster and easier for businesses to get access to the cash they need while allowing them to pay the funds as a percentage of their daily card transactions.”. Liberis Group.

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PYMNTS

AUGUST 14, 2020

It looks like a race is shaping up to determine the future management of General Motors ’ credit card business. However, the Journal cited unnamed sources as saying that the London-based Barclays is also bidding for GM’s card business, while current issuer Capital One is unlikely to let the account go without a fight.

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Cards Apple Google Technology 245

Bank Innovation

MAY 9, 2016

We can all agree Credit Karma, Chase Mobile, Bank of America, Wells Fargo, and PayPal aren’t leaving the Top Ten on App Annie anytime soon. But ratings and rankings aren’t everything — there’s also the cool factor. How easy is the app to use? Does it makes us feel good (even Read More.

America 150

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PYMNTS

JANUARY 10, 2020

The Egyptian government is investigating the possibility of a feasible transition to a limited, new cash payment system that would replace the ration cards on which tens of millions of the country’s neediest residents currently rely for basic human needs, according to Bloomberg.

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PYMNTS

JANUARY 18, 2019

Mastercard ‘s commercial card spend management solution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. MineralTree, meanwhile, has partnered with Visa in the past to support the adoption of commercial cards in accounts payable.

Cards 138

Cards Community Bank Tools Regional 138

Bank Innovation

FEBRUARY 23, 2016

When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does. We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More.

Branding 150

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BankBazaar

JULY 31, 2023

Leading the charge was none other than the tech giant Amazon, along with support from Fidelity Growth Partners, Sequoia Capital, Walden International, and Mousse Partners. KYC Made Easy: Paperless Wonder in 2016 BankBazaar continued to make waves in 2016 when we unveiled our paperless e-KYC platform. Kumar , Kerala 3. “A

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PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

System 258

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PYMNTS

JANUARY 2, 2020

The Hong Kong-listed Razer created a consortium to form Razer Youth Bank with Singapore startups and Asian billionaires, including local supermarket operator Sheng Siong Holdings and early-stage tech venture capital firm Insignia Ventures Partners. 2) for a wholesale license, which has a capital commitment of $100 million.

Digital Banking 130

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PYMNTS

JUNE 26, 2017

says is responsible for the cyberattacks on Hillary Clinton during the 2016 presidential election. Meanwhile, the Federal Reserve in the United States conducted its annual stress test and has revealed credit cards came in as the top area for bank losses. banks are losing from credit card fraud. $92 1 trillion | Total U.S.

Data 100

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PYMNTS

MARCH 6, 2018

The company will link HDFC small business (SMB) customers to its travel and expense management solution, which is tied to a prepaid card. Our partnership with Happay has been very encouraging so far,” said HDFC Bank Country Head — Card Payment Products, Merchant Acquiring and Marketing, Parag Rao, according to the publication.

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