PYMNTS

MAY 8, 2020

In today’s top news, Samsung Pay is launching a debit card and a money management tool, and Apple has introduced a new ecommerce portal. Samsung Pay Launches Debit Card, Money Management. Samsung Pay has increasingly grown in popularity, processing more than one billion transactions, almost double compared to 2018.

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Samsung Apple Cards UX 153

PYMNTS

OCTOBER 31, 2018

It was more than a month ago that eBay started managing payments on its U.S. The eCommerce operator, which released its third quarter 2018 results , said it has intermediated $38 million of gross merchandise value (GMV) so far. billion for the second quarter of 2018. Managed Payments. percent of GMV.

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Management Report Payments Apple 134

PYMNTS

JANUARY 10, 2018

When Mastercard launched the Start Path accelerator program in 2014, the goal – according to VP and senior business leader, Amy Neale – was to make it easier for emerging companies to enter “our world” through a combination of operational support, commercial access and some strategic funding. The Start Path Admissions Process.

Company 194

Company Meeting Millennials blockchain 194

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 18, 2020

Japan-based credit card and payment firm JCB has announced a partnership with tech startup accelerator TECHFUND to explore the idea of a payment system with blockchain options, the company said on Friday (May 15). JCB, one of the biggest credit card operator in Japan, has also worked with blockchain before, partnering with U.S.-based

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blockchain System Payments cryptocurrency 287

PYMNTS

JULY 5, 2020

As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the Financial Times reported. Ernst & Young , the company’s auditor, reported that from 2016 to 2018, Wirecard’s annual earnings nearly doubled to 439 million euros ($494 million).

Payments 170

Payments Cards America Report 170

PYMNTS

AUGUST 25, 2017

Credit card giant American Express (AmEx) has announced it is selling its Serve platform to InComm, in a deal that gives the latter firm exclusive rights to distribute Amex’s prepaid and reloadable card products in the United States. The deal is slated for completion in early 2018, the firms said in a joint statement.

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Cards United States Taxes Operations 100

PYMNTS

NOVEMBER 15, 2017

Patent and Trademark Office, shows Mastercard ’s plans to deploy distributed ledger technology to develop a platform on which credit card transactions can be completed in real-time, rather than through the current system, in which payees have to wait several days before those transactions are verified and land in their accounts. “By

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blockchain Analysis Tools Technology 130

PYMNTS

JUNE 25, 2018

The 2018 Q1 saw a combined valuation of VC investments nearing $50 billion — the fourth quarter in a row where VC funding has surpassed $45 million, KPMG noted. With so much money up for grabs, it may come as a surprise that startups often struggle to get approved for a credit card, even after a lucrative funding round.

Cards 130

Cards Software Capital Management 130

CB Insights

FEBRUARY 27, 2019

In 2018, 14 European startups reached unicorn status, led by Roivant Sciences with its $7B valuation. The companies on our list operate across industries including healthcare, cybersecurity, transportation, and more. Using CB Insights data, we identified all the Europe-based startups that have reached a $1B+ valuation in 2018.

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Company Capital Groups Operations 76

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189

Cards Google Tools Regulation 189

Abrigo

DECEMBER 17, 2019

Carding shops offer bulk sales on compromised payment card data. Carding shops are underground marketplaces that traffic in compromised payment card data. These marketplaces facilitate the movement of compromised payment card data from hackers to fraudsters, often across faraway geographies. Fraud Prevention.

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Fraud Tools social media Cards 307

PYMNTS

JANUARY 2, 2019

When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Yet, 2018 was certainly a big year for commercial cards, and for credit card giants’ B2B payments aspirations overall.

blockchain 188

blockchain Cards Payments Management 188

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. 27), showing the continuation of several trends seen in recent quarterly reports.

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Cards Trends Payments Conference 170

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 billion in revenue and cost $5 billion to operate. Those facilities accounted for about 15 percent of total fiscal year 2018 revenues and about 7 percent of its total costs.

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Retail US Survey Examples 169

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

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Fintech Operations Innovation Company 139

PYMNTS

FEBRUARY 6, 2020

Payments are facilitated using virtual Visa commercial cards, ACH and checks. “Visa is proud to be the virtual card partner for Finrails AP by Signature Bank,” said Kevin Phalen, global head of Visa Business Solutions. The company raised $15 million in 2018 in a debt financing funding round.

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Illinois Chicago Cards Payments 167

PYMNTS

FEBRUARY 13, 2020

While the company is known for its payment solutions aimed at fuel for fleet services, it also has grown its corporate card and U.S. “2019 was another record year for WEX , capped off by an impressive fourth quarter driven by double-digit, top-line growth and strong operating leverage,” said Melissa Smith, WEX’s chair and CEO. .”

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Millennials Examples Cards Groups 150

PYMNTS

JULY 6, 2020

Jakarta-based Payfazz operates through agents — the company’s network consisted of more than a quarter million — who process payments to pay utility bills, buy telephone time and add to mobile wallets, Tech in Asia reported. according to a Crunchbase report , which noted the startup’s Series A round was in November 2018.

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Capital Groups Report Mobile 211

PYMNTS

JUNE 25, 2020

The firm had notched $100 million in funding in one year from notable investors, such as Coatue Management and Bessemer Venture Partners. In a July 2018 story on data sharing, Rathmann told PYMNTS , “The U.S. Its packages ranged from roughly $6,000 to $30,000 annually, but sales have reportedly faltered as SMBs reduce costs.

Software 141

Software Data Cards Report 141

PYMNTS

DECEMBER 13, 2019

Walmart India is investing in B2B supply chain management startup Ninjacart, a company that specializes in streamlining the strategic sourcing operations of the grocery sector. 13) said that Walmart India, alongside Flipkart (which was acquired by Walmart in 2018), led the investment in Ninjacart for an undisclosed sum.

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Big Data Operations Analytics Retail 134

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion seen in December 2018.

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Report Apple Lending Cards 134

PYMNTS

JANUARY 7, 2020

Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion seen in December 2018.

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Apple Lending Cards Report 132

PYMNTS

JANUARY 20, 2020

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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Capital Groups Apple Operations 131

Abrigo

OCTOBER 22, 2019

In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale. Their goal is to compromise the merchant’s payments processing account and steal all of the payment card data processed by the merchant.

Fraud 150

Fraud Cards Data Payments 150

PYMNTS

MAY 29, 2019

Robinhood Markets , the operator of a free mobile trading app, is close to garnering a valuation of $7 billion or more. According to CNBC, Robinhood’s co-CEOs Baiju Bhatt and Vlad Tenev have said an initial public offering is in the cards at some point — but that currently, it is focused on disrupting other areas of finance.

National 159

National California Maine Marketing 159

PYMNTS

NOVEMBER 12, 2019

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. percent in 2018, reaching an estimated 68.5 billion debit card transactions in 2018.

Fraud 101

Fraud Study ATM Training 101

PYMNTS

JANUARY 2, 2020

He will continue reporting to Krish Iyer, President & CEO Walmart India, and oversee operations, merchandising, people, marketing, real estate, kirana development program, digital, eCommerce and strategy,” a company spokesperson said. This is Aggarwal’s second promotion in less than two years at Walmart India.

Leadership 131

Leadership Retail Strategy Operations 131

PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. billion in 2018 to $26.9 billion in 2018 to $26.9 consumers currently favor paying via credit card. The number of card payments was up 10.1

Payments 183

Payments System Cards Policies 183

PYMNTS

JANUARY 16, 2020

Each country will “be able to operate openly and freely in the jurisdiction of the other Party without any force or pressure from the other Party to transfer their technology to persons of the other Party.”. Asset Management. The deal states that there will be improved access to markets such as insurance, banking and fund management.

Payments 132

Payments social media Operations Examples 132

PYMNTS

JULY 25, 2019

Unnamed sources spoke with the Wall Street Journal in 2018 accusing American Express of enticing business clients by offering low currency conversion rates, then quietly raising those rates at a later time by increasing the margin of fees American Express adds on to the base exchange rate without notifying clients.

Maine 128

Maine Report Company Payments 128

FICO

JULY 16, 2019

Shanghai Pudong Development Bank (SPDB) Credit Card Centre (CCC) , one of the leading credit card issuers in China with more than 40 million cards issued, has used FICO® Customer Communication Services (CCS) to boost collections performance while driving down business costs. by FICO.

Cards 40

Cards Big Data Strategy Risk Management 40

Gonzobanker

APRIL 10, 2017

Strategic planning conversations for 2017 and 2018 are focusing more intently on funding/deposit gathering and fee income. And, increasingly, mid-size and community banks are looking to take on the Big 5 banks in corporate banking, particularly in offering cash management services. .” — Alice Kahn. They find niches.

Management 83

Management System Strategy Examples 83

FICO

JULY 16, 2019

Shanghai Pudong Development Bank (SPDB) Credit Card Centre (CCC) , one of the leading credit card issuers in China with more than 40 million cards issued, has used FICO® Customer Communication Services (CCS) to boost collections performance while driving down business costs.

Cards 40

Cards Big Data Strategy Risk Management 40

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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Fraud Cards Retail Security 131

Independent Banker

JULY 31, 2022

That’s the purpose of the Social Bankers, a group of community bankers founded in 2018 that undertakes regular exchanges of social media best practices and insights. If you don’t have a council, talk to your management about developing one, along with a mission for the bank and the communities you serve.”. Martinson observes. “We

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social media Trends Community Groups 224

PYMNTS

AUGUST 19, 2019

“The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Separately, a federal grand jury has indicted a Maryland woman for allegedly bilking a Newark, Delaware medical practice of more than $320,000 through the use of a corporate credit card.

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Fraud Delaware Maryland social media 180