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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

Cards Report Capital Operations 101

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.

Innovation 150

Innovation Seattle Fintech Company 150

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.

Innovation 284

Innovation Company social media Operations 284

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

Millennials social media Operations Cards 240

PYMNTS

DECEMBER 6, 2016

The times they are a changin’ — as the People’s Bank of China has ordered local banks to stop issuing co-branded (bearing both the logo of UnionPay and a foreign card network), dual currency payment cards in mainland China, according to reports emerging this morning. dollars while traveling abroad.

Branding 100

Branding Cards Regulation Operations 100

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.

Cards 100

Cards Risk Management Maine America 100

PYMNTS

AUGUST 14, 2020

13) they had been fully repaid on a loan issued in 2016, the sources said. Citi executives asked for the money back, saying it was paid inadvertently due to an operational error, sources said. billion for the quarter, with Citi reporting it had provided some form of relief or adjustment to 2 million credit card holders.

Exercises 271

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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? Are SMBs Ready For EMV?

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Trends Retail Fraud Mobile 100

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

JULY 31, 2019

“Enabled by our integrated network of buyers and suppliers and a growing suite of partnerships and capabilities, American Express can provide digital payment tools and working capital that make it easy to pay suppliers anywhere in the world.

Payments 191

Payments Tools Resources Management 191

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

America Mobile US social media 150

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

Branding Innovation Fintech social media 150

PYMNTS

JUNE 22, 2018

Alternative finance apparently won’t stop catching the attention of investors — at least, not any time soon, if this week’s B2B venture capital roundup is any sign. Drip Capital. Working in the human capital market, IndiQube provides startups and professionals with shared workspaces, with a focus on SMBs.

Capital 130

Capital San Francisco blockchain Cards 130

PYMNTS

JANUARY 27, 2021

But keeping track of it all can be a challenge — especially knowing what card is being charged, by whom, and when. Knowing which card pays which subscription, let alone canceling them, can be a pain point. Founded in 2016 in Gothenburg, Sweden, Minna enables customers to manage subscription services via their bank’s app.

Management 181

Management Technology Cards Retail 181

PYMNTS

FEBRUARY 12, 2018

The company raised close to $200 million in financing from a list of venture capital (VC) firms, including Discovery Capital, Canaan Partners and Polaris Venture Capital, among others, with support dating back to 2009. million in 2016 and revenue of $112.8 It reported losses of $75.7 Revenue in 2015 came in at $77.6

Capital 100

Capital Cards America Marketing 100

PYMNTS

DECEMBER 30, 2019

Japanese business to business (B2B) payments firm JCB is partnering with Singapore blockchain technology provider Keychain to capitalize on using blockchain in the payments space, JCB announced in a press release. The company introduced Japan’s first credit card that was compatible with the ISO standard, according to its website. .

blockchain 102

blockchain Payments Security Cards 102

PYMNTS

MARCH 7, 2018

Both restaurant owners and customers will experience easier payment processing with the new mobile EMV-compliant payment device for digital, credit and debit card transactions.”. The WePay relationship will enable TouchBistro to market its restaurant POS solution on Chase.com and other channels.

Payments 100

Payments Capital Mobile Software 100

Bank Innovation

APRIL 28, 2016

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class.

Innovation 150

Innovation Security Fintech Company 150

PYMNTS

MARCH 28, 2018

In a press release , Equifax said Begor will start on April 16 and is coming to Equifax from Warburg Pincus, where he was a managing director and focused on operational improvement across the portfolio of companies that fall in Warburg Pincus’ Industrial and Business Services unit.

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PYMNTS

APRIL 24, 2017

and yes, this looks like card data breach. Now reports indicate that BJ’s owners, CVC Capital Partners and Leonard Green & Partners, are looking to sell the company for just north of $4 billion. Some of the names floated so far in the context of the sale: Amazon, Walmart, KKR, Bain Capital, TPB and Blackstone. these days.

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

APRIL 2, 2018

The bank offers corporate banking, retail banking, treasury management, capital markets, credit cards and wealth management services in a range of consumer and corporate offerings. billion in 2017, though operating losses widened during that time. An F-1 registration statement revealed the bank’s plans for an IPO in the U.S.,

US 112

US Capital Regional Analysis 112

Cisco

DECEMBER 13, 2022

By creating sustainable financial offers, prioritizing green investment mechanisms and reallocation of capital, financing sustainable programs, and tracking the carbon footprint tracking of transactions, FIs can incentivize the integration of sustainability criteria into financial services decision-making.

Industry 140

Industry San Jose New York City Resources 140

PYMNTS

OCTOBER 31, 2016

Frank Lucas (R-OK) seemed to sum it all up: “[The banking industry] just made it really hard for those of us who want to maintain the concept of a market economy and who want to make sure that the bankers, not some bureaucrat somewhere, are the arbitrageurs of capital.”. Prepaid cards are in the “other” category.).

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Regulation Innovation Data Industry 100

PYMNTS

MAY 16, 2018

PayPal is partnering with Alpha JWC , the Indonesian venture capital firm, to invest in FinTech companies operating out of Southeast Asia. Twenty years from now, there will be no more credit cards, really,” Schulman said at TheStreet’s Investor Boot Camp conference in New York recently.

San Jose 103

San Jose Fintech New York Conference 103

PYMNTS

JANUARY 13, 2017

The alternative lending industry continues to scoff at doubters, and the latest B2B venture capital roundup suggests confidence is growing in the space — and not just in the U.S., Three of the four investment rounds announced this week went to alternative lenders with operations in the U.S. billion in small business loans in 2016.

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Lending Capital Industry Analytics 100

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JANUARY 13, 2017

CSI Kick Start, a FinTech incubator operated by corporate payments company CSI globalVCard, said it has officially kicked off its second year of searching out B2B payments innovators. We genuinely care about their long-term success, which is what really sets our investment model apart from most other venture capital funding models.”.

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MARCH 30, 2017

While 2016 was a year of transformation and transition, 2017 will be a year of execution, architecture and cash flow at RH,” Friedman said in a statement. Our focus will be on executing our new business model, architecting a new back-end operating platform and maximizing cash flow.”.

Capital 100

Capital Retail Strategy Report 100

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DECEMBER 9, 2016

For startups, 2016 wasn’t the best year in venture capital. VCs used 2016 to manage costs, set priorities and valuations,” explained Rahul Khanna, managing partner at Trifecta Capital, in an interview with Business Standard published Wednesday (Dec. They need to manage the burn, drift and cut losses.”. and the U.S.

Fintech 100

Fintech blockchain Capital Metro 100

CB Insights

DECEMBER 10, 2020

Below, we take a look at how tech companies are unbundling Bank of America’s front office, from consumer deposits and payments to equity research and business credit cards. . However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. . Business credit cards.

America 101

America Lending Cards San Francisco 101

Celent Banking

OCTOBER 16, 2015

While undoubtedly there were a few bankers wandering the halls of AWS re:Invent, one grabbed my attention: that was Rob Alexander, CIO of Capital One, who shared the stage with AWS CIO Andy Jassy during the Day One Keynote address. It didn’t take long to see what Capital One was up to. What’s The Hurry? .

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Conference Las Vegas Nashville Capital 100

PYMNTS

FEBRUARY 28, 2017

Banking giant JPMorgan Chase will look to invest more money in its credit card business, continuing a trend of technology initiatives focused on mobile in the mid-term while eyeing returning cash to shareholders. The cumulative spend on technology and marketing investments tied to this unit reached $1 billion across 2015 and 2016.

Community 100

Community Community Bank Cards Technology 100

PYMNTS

DECEMBER 11, 2018

But FinTech companies receive information on customers spread across banks — their names, credit history, card numbers, cell numbers, PAN, address etc. Elsewhere in Asia, South Korea, has seen the minting of its fourth unicorn startup as Viva Republica, which operates the payment app Toss, has raised $80 million, sparking a $1.2

Fintech 139

Fintech Data New Jersey Guidelines 139

PYMNTS

JANUARY 25, 2017

Some strong news out of Discover Financial yesterday as it reported its Q4 2016 earnings — the Riverwoods, Ill.-based “We are proud of all we accomplished in 2016, including record originations in personal and student loans as well as strong new card account growth, all of which helped us to achieve nearly 7% loan growth. .

Cards 100

Cards Capital US Operations 100

PYMNTS

MAY 27, 2016

Uber announced on Thursday (May 26) that its Uber South Africa operation will begin offering a cash payment option, as well as its standard in-app electronic payments. Uber South Africa (@Uber_RSA) May 26, 2016. Uber South Africa (@Uber_RSA) May 26, 2016. UberCASH pic.twitter.com/uxhx0gQVB5. UberCASH pic.twitter.com/uxhx0gQVB5.

Payments 100

Payments Capital Cards Operations 100

PYMNTS

OCTOBER 1, 2018

Last week’s announcements capped off two years of investigation into the P2P lending firm, and its board has expressed some relief that it seems to be time to turn the page on the events of 2016. The build-back from the revelations of 2016 was a bit more of a lengthy process. The Rundown on the Run-up to the Decisions.

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Lending Fraud Management San Francisco 135

PYMNTS

OCTOBER 1, 2018

63 percent of SMBs sought a loan for working capital needs last year , including payroll, inventory and supplies, according to new data from S&B Global Market Intelligence. That’s slightly up from 2016 figures, and remains the most common use of financing for small business borrowers. In the U.S.,

Lending 115

Lending Survey Data National 115

PYMNTS

JUNE 28, 2016

On top of that, small businesses are commonly using personal means – friends and family or personal credit cards – to support their enterprises. Some need working capital to grow; others are bracing for working capital fluctuations or economic uncertainty. Demand For External Financing. Adding to the evidence that the U.S.

Capital 106

Capital Lending Survey Cards 106