PYMNTS

MAY 18, 2018

The rate of credit card delinquencies jumped 52 basis points (BPS) in the first quarter (Q1) of 2018, and will likely continue to increase over the next 12 months as consumers take on more debt. The rate of new delinquencies on credit cards stood at 6.42 The rate of new delinquencies on credit cards stood at 6.42

New York 120

New York Survey Cards Report 120

PYMNTS

JANUARY 7, 2021

7) that it was merging with publicly-traded Social Capital in an $8.6 Noto will continue in his role as CEO which he has held for three years since arriving from Twitter in 2018, where he was COO, and prior to that the NFL, where he served as CFO. The FinTech IPO Market. Online FinTech startup SoFi announced Thursday (Jan.

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

SEPTEMBER 23, 2019

Even so, the global construction management software market is projected to expand at a compound annual growth rate (CAGR) of 9.2 percent from 2018 to 2022. What these studies didn’t reveal is that construction management software and tools like virtual cards can also speed payments and free up cash flow. In the U.S.,

Industry 169

Industry Cards Software Phoenix 169

PYMNTS

NOVEMBER 8, 2018

In the third quarter of 2018, over 40 percent of larger seller GPV came from sellers that started on Square as micro-sellers.” In reference to the latter business, in the third quarter of 2018 Square Capital facilitated over 62,000 business loans totaling $405 million, up 34 percent year over year, revealed the company.

Capital 181

Capital Conference Bitcoin cryptocurrency 181

PYMNTS

MAY 11, 2017

A new partnership recently announced between Capital One and Spotify aims to discount subscriptions as a means to draw more users into signing up for the music streaming service’s premium option. With great partners like Capital One, we can create unique ways to give the millions of Capital One customers in the U.S.

Capital 100

Capital Regional Cards Meeting 100

PYMNTS

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.

Security 215

Security Capital Cards Report 215

Gonzobanker

DECEMBER 20, 2018

GonzoBankers, 2018 has been a troublesome year. about the best and worst in banking for 2018 and get fired up to start again in ’19. Ladies and gentlemen, we bring you the 2018 GonzoBanker Awards ! Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services.

Fintech 105

Fintech Conference Innovation Community 105

PYMNTS

JUNE 28, 2019

credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It To acquire the Bank of Ireland’s U.K.

Cards 100

Cards Charlotte Fintech Innovation 100

PYMNTS

MAY 13, 2019

The estimated value of the global intelligent vending machine market by 2025 is $15 billion. The wall-mounted machine also has a 21-inch screen for consumer interaction, and comes ready to accept near-field communication (NFC) contactless and card payments. The expected CAGR of the global parking meter market from 2018 to 2025 is 6.97

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

AUGUST 11, 2020

million in 2018 — according to CNBC. Revolut attributed the losses to its expansion into new markets and the introduction of new products. The company’s revenues actually tripled last year, increasing 180 percent to £162.7 ($213 million) from 2018. The company posted a total loss of $139.6 million (£106.5

San Francisco 239

San Francisco Fintech Digital Banking California 239

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion. Card transactions were up 10 percent on what CEO Jamie Dimon called a “robust” holiday season. billion in the same quarter of 2018.

Cards 131

Cards Data Training Community Bank 131

PYMNTS

JUNE 25, 2018

In the first quarter of this year, KPMG said in a recent report that there were five $1 billion-plus mega-venture capital rounds, and analysts say venture capitalists (VCs) are diversifying their investment targets as emerging focuses, from artificial intelligence (AI) to healthcare, build excitement.

Cards 130

Cards Software Capital Management 130

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. And in what may be a reflection of that same positive sentiment and activity, credit card loans were up 8 percent year over year to $168 billion. Card transactions were up 10 percent on what CEO Jamie Dimon called a “robust” holiday season. billion in the same quarter of 2018.

Cards 130

Cards Data Training Community Bank 130

PYMNTS

FEBRUARY 23, 2018

Today in PYMNTS data, the digital food delivery industry is growing every day, firms are using venture capital funding to expand B2B virtual card solutions, mobile apps are helping ease financing issues in auto purchasing and consumers have spoken: Omnichannel readiness features are not all created equal, but free shipping is a winner.

Cards 100

Cards Data Capital Mobile 100

PYMNTS

NOVEMBER 20, 2018

According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to credit. In 2016, the market experienced a pullback as lenders slowed or stalled sub-prime originations,” Komos said. Sub-prime issuing also ticked up 3.6

Lending 188

Lending Trends Cards Capital 188

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

Branding 100

Branding Cards Fraud Marketing 100

PYMNTS

AUGUST 14, 2018

FinTechs are going after another financial market void, this time providing loans to customers with low credit scores. Meanwhile, CreditShop, which investment firm Varde Partners acquired in 2017, launched a credit card earlier this year while Elevate Credit, which focuses on installment loans, came out in July.

Fintech 111

Fintech Cards Capital Marketing 111

PYMNTS

MARCH 8, 2016

There was a time when prepaid cards were only good for calling back home long distance or keeping otherwise embarrassing purchases off of credit card statements. With Tuxedo’s latest feature, though, prepaid cards could suddenly be good for a lot more.

Cards 100

Cards Marketing Capital Groups 100

PYMNTS

DECEMBER 26, 2019

percent, which is the biggest jump since January 2018. RBC Capital Markets analyst Gerard Cassidy predicted the gains will extend into 2020. RBC Capital Markets analyst Gerard Cassidy predicted the gains will extend into 2020. People like their credit cards,” said Jamie Dimon, CEO of JPMorgan Chase.

Cards 142

Cards Washington America Industry 142

PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Then shares soared 85.8 on March 13.

Marketing 198

Marketing Company Online Management 198

PYMNTS

MARCH 31, 2020

Huaxing Capital subsidiary Huaxing New Economic Fund headed up the Series C+ round. A Huaxing Capital official called the company “an absolute leader in the industry,” per a translated statement. The investment money will be used to grow into new markets, such as the United States. million in a Bojiang Capital-led Series B.

Industry 144

Industry Capital United States Software 144

CB Insights

NOVEMBER 21, 2019

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. The 2019 Canadian fintech market map. Startups headquartered in Ontario dominate the table, with over 40 fintech companies from this market map headquartered in the Greater Toronto Area. Navigating the Canadian fintech market map.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

MARCH 21, 2019

Marqeta, which is California-based and also works with payment cards for brands, is expected to close the round in a few weeks, although the numbers could potentially change. The Series E round is $3.8908 a share and the valuation is a large leap from 2018’s number, which was $545 million. billion, according to reports. In the U.S.,

Payments 159

Payments United States California Cards 159

PYMNTS

DECEMBER 17, 2020

This marks the second time GM's venture capital arm has invested in Yoshi since 2018, and the round will go toward helping Yoshi hire more employees and expand as the pandemic ends, according to Yoshi Co-Founder and CEO Bryan Frist , according to CNBC. markets, CNBC reported.

Michigan 180

Michigan Cards Report Capital 180

PYMNTS

JUNE 21, 2019

Seventy-one percent of respondents said credit cards were imperative when deciding the FIs with which they want to do business, for example. percent of all CU members — currently offer some sort of credit card. billion in credit card debt as of March 2019, according to the U.S. percent of credit card debt held by banks.

Cards 102

Cards Omaha Minneapolis National 102

PYMNTS

JANUARY 20, 2020

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The Wall Street banker has had a presence in South African for over 20 years.

Operations 150

Operations Capital Groups Apple 150

PYMNTS

APRIL 4, 2019

In a press release on Thursday (April 4), Bento announced its collaboration with Visa to integrate Visa’s business debit card into the Bento for Business platform. At the time, Bento said it would use the funding to focus on propelling growth and increasing its talent within marketing and engineering.

United States 180

United States Management Cards Tools 180

PYMNTS

MARCH 12, 2020

The report, which was commissioned by the Government Accountability Office (GAO), found that in 2018, USPS’ retail facilities generated about $10.5 Those facilities accounted for about 15 percent of total fiscal year 2018 revenues and about 7 percent of its total costs. billion in 2018, which was down from €5.6

Retail 169

Retail US Survey Examples 169

PYMNTS

DECEMBER 1, 2019

A source told the Financial Times that Zopa will receive the funds from an entity linked to IAG Capital Partners, a U.S.-based It was given a year to raise regulatory capital, and prove it was financially strong enough to become a bank. based fund, and its U.K. investment vehicle Silverstripe. since its inception.

Digital Banking 142

Digital Banking Capital Regulation Lending 142

PYMNTS

FEBRUARY 28, 2019

Square ‘s Q4 earnings 2018 results came after market close on Wednesday (Feb. The Cash App , Square said, had more than 15 million monthly active users in December 2018, more than double the number seen in the final month of 2017. Elsewhere on the call, he said the card can help underserved, underbanked sellers.

Cards 170

Cards Trends Payments Conference 170

PYMNTS

AUGUST 14, 2019

But these gripes still exist: Many banks often rely on a business owner’s credit score to underwrite a business loan, for instance, while business owners themselves will often use personal credit cards to make company purchases. But that mix is not a smart tactic for managing company spend and finances.

Lending 122

Lending Cards FDIC Capital 122

PYMNTS

JANUARY 20, 2020

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The Wall Street banker has had a presence in South African for over 20 years.

Capital 131

Capital Groups Apple Operations 131

PYMNTS

MARCH 5, 2019

Meal kit service Munchery has filed for bankruptcy and still owes $3 million in unfulfilled customer gift cards and another $3 million to its vendors and suppliers. The company ceased operations in late January after laying off 30 percent of its workforce in May 2018.

San Francisco 117

San Francisco Los Angeles Capital Seattle 117

PYMNTS

AUGUST 12, 2020

Separately, in 2018, well before the pandemic, PYMNTS’ Financial Invisibles report found that 12 percent of a sample of consumers used payday loans and did not have credit cards. Square has been offering loans to small businesses through its Square Capital arm. Last week, Square reported $1.92

San Francisco 176

San Francisco Survey Cards Report 176

PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. This is something about which retailers remain undereducated, and has allowed fraudsters to capitalize on relatively low FDP spend,” explained research author Steffen Sorrell in a press release.

Fraud 152

Fraud Study Retail Online 152

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. It’s even affecting the titans of capitalism. My Money, My Way.

Cards 135

Cards Millennials Conference America 135

PYMNTS

OCTOBER 31, 2018

WEX released its third-quarter 2018 earnings data on Wednesday morning (Oct. WEX inked new agreements with Chevron and Fleetcor that shifts the Chevron portfolio to WEX, the company noted, also bolstering growth in its fleet card and fuel payments operations. 31), beating analyst expectations in posting $382.7 trillion worth of spend.

Payments 182

Payments Cards Strategy Operations 182