PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. economy had moderate gains in the pandemic year of 2020.

Cards 152

Cards California Capital Tools 152

PYMNTS

FEBRUARY 25, 2020

Banks and legacy financial institutions (FIs) might be wise to study what disruptive technologies recently did to the print publishing industry, taxi cabs, network TV, and a host of other businesses that were disintermediated with little to no warning in recent years. Mobile Cards: Make or Break? Follow the Smart(phone) Crowd.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. Those processors will in turn work with issuing banks to offer near-instant issuance of cards.

Cards 249

Cards Management Tools Guidelines 249

PYMNTS

APRIL 7, 2020

But the numbers tell a tale, and recent stats in the March 2020 Credit Union Innovation Index show the need for CUs to step up their efforts to innovate. CUs need to move beyond payments, said Fagan, and embrace what he termed a “full-scale, full-service approach to innovation.” percent to a recent 21.9 Keeping Score.

Innovation 142

Innovation Digital Banking Resources Apple 142

PYMNTS

AUGUST 9, 2019

million for the quarter, but Bottomline remained confident in growing revenues for FY 2020 thanks to new customer sign-ons that have yet to go live. We had notable customer wins across our banking and business payments platforms as customers continued to choose Bottomline for innovative and highly secure business payments solutions.

Data 134

Data Analytics Digital Banking Cards 134

PYMNTS

JUNE 3, 2020

Many have been carefully coordinating their digital offerings to move away from outdated core banking infrastructures, but they must pick up the pace on their innovations. Confronting Digital Banking Reality. Forty-five percent of U.S.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

FEBRUARY 18, 2020

The PSCU company Lumin Digital has signed Bartlett, Tennessee-based First South Financial credit union to a multi-year digital banking and cloud computing agreement, Lumin announced on Tuesday (Feb. The new platform should be available to First South Financial customers in June of 2020.

Tennessee 206

Tennessee Mississippi Digital Banking Payments 206

PYMNTS

DECEMBER 28, 2020

Consumers, businesses and financial institutions (FIs) cannot wait to bid adieu to 2020, which has been one of the most trying years in recent memory. Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

DECEMBER 30, 2020

If there’s a word that captures the state of financial services in 2020, it’s “acceleration.” At Mastercard , Executive Vice President of North America Products and Innovation Jess Turner told Karen Webster in a recent discussion, the rapid acceleration has been pushed by what consumers both wanted and needed more than ever.

Payments 281

Payments Innovation America Mobile 281

PYMNTS

NOVEMBER 23, 2020

Most of those solutions still rely heavily on checks and business credit cards — which are resource-consuming processes with higher risk[s] of misuse, fraud and theft,” Gitesh Athavale , head of product (cards) at Nium, told PYMNTS. That things came to a boil in 2020 is a matter for the financial history books at this point.

System 165

System Management Tools Cards 165

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

FEBRUARY 11, 2020

In an interview with Karen Webster, Sherri Haymond, executive vice president of digital partnerships at Mastercard, and Diwakar “Dee” Choubey, founder and CEO of digital banking membership MoneyLion, delved into how collaboration between the card network and the FinTech will foster new card program launches in 2020 and beyond.

Fintech 152

Fintech Innovation Digital Banking Course 152

PYMNTS

FEBRUARY 3, 2020

They quickly faded into the décor of banks and street corners, becoming a prosaic feature of everyday life. And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking. Solving the Branch Conundrum.

ATM 165

ATM Digital Banking Innovation Video 165

PYMNTS

JANUARY 11, 2021

He added that Revolut strives to be “the best in class for customer experience, value and capabilities” and offer a full range of services from deposit accounts and overdraft protection to loans and credit cards. After getting the banking license, Revolut said it would develop a “financial super app.”

cryptocurrency 216

cryptocurrency Leadership Bitcoin Fintech 216

Gonzobanker

JUNE 7, 2023

The launch of Charlie points to an underserved niche in banking: older adults. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. It’s only a matter of time for retirees to get a rewrite of digital banking. Well, it happened. It’s called Charlie , and its appeal is emotional.

Los Angeles 133

Los Angeles Fintech Digital Banking Tools 133

PYMNTS

APRIL 21, 2020

The rise of open banking (and account aggregation) has shaped the conventional wisdom that banking will pivot toward innovation and service-oriented offerings. And, as Verdon explained, service-oriented platforms can spur a shift away from consumer banking with a bank — and toward individuals’ banking with whomever they trust.

Branding 232

Branding Innovation Regional Fintech 232

PYMNTS

JULY 7, 2020

The Peoples Community Bank is broadening its existing relationship with banking technology provider Finastra , the firms revealed this week in a press release , with the financial institution (FI) looking to accelerate its own innovation and product rollouts. Five Star Bank Taps Corserv Card Tech. payment schemes.

Community Bank 242

Community Bank Community Fintech Regional 242

PYMNTS

JANUARY 28, 2020

The problem can be especially acute when it comes to financial institutions (FIs), said John Owens, general manager of Elan Credit Card , in a new podcast interview with PYMNTS. It’s not that banks don’t want to go more digital and mobile, he said. The benchmarks are being set by non-banks.”.

Fintech 169

Fintech Digital Strategies Mobile Resources 169

CB Insights

SEPTEMBER 10, 2020

Our recent webinar — The State of Fintech Q2 2020: Funding Rebound Reveals the Next Leg of Fintech Innovation — highlighted key fintech trends and deals from the second quarter of 2020, including the rise of embedded fintech applications and demand for digital banking services.

Fintech 46

Fintech Innovation Lending Regional 46

PYMNTS

JULY 21, 2020

Microbusinesses have to pay bills, and they want to set up card acceptance programs and mobile and digital-wallet platforms for payments. They can issue cards tied to local merchants, [and] connect some rewards to loyalty toward the local market.”. If credit unions can manage both sides of that, that is a winning equation.

Cards 208

Cards National Tools Innovation 208

FICO

JANUARY 5, 2021

Two of our top five posts focused on digital transformation innovations in biometrics and customer identification. What else made for the hottest reads in 2020 for fraud and financial crime? 3: FICO Digital Banking Study: Security And Authentication In A Digital World. Prediction 2 – More Robots.

Fraud 52

Fraud Compliance Survey Google 52

South State Correspondent

OCTOBER 26, 2023

The catalyst was likely a panel led by the CEO of Taktile (AI Underwriting), a Partner from Bain Capital, a partner for Andreessen Horowitz, the chief data scientist from Branch International (digital banking fintech for India and Africa), and a tech correspondent for CNBC.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

JUNE 28, 2018

Coverage includes Oracle ’s decision to bring its FinTech Innovation Program to Brussels. The firm said the market is dependent on the growth of digital payment solutions through a Unified Payment Interface (UPI) and digital wallets. Welcome to The Axis, your late look at payments news from around the world.

blockchain 109

blockchain Georgia Fintech Innovation 109

PYMNTS

FEBRUARY 8, 2018

7) said PrePay Solutions (PPS) is working with the company to provide Coconut its banking infrastructure and prepaid card technology. It is exciting to be working with a company as innovative as Coconut,” said PrePay Solutions CEO Ray Brash in a statement. “As Reports Wednesday (Feb.

Taxes 108

Taxes Innovation Digital Banking Meeting 108

Accenture

SEPTEMBER 22, 2019

By way of example, Monzo passed 2 million users in May 2019 and anticipates 3 million this year, while Revolut is targeting 10 million by 2020. But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

JANUARY 21, 2021

For credit unions (CUs), the digital trends that accelerated in 2020 amid the pandemic will gain even further traction this year. They’ve been receptive to digital issuance options where they can (digitally) get their cards on their mobile devices to begin transacting before the physical plastic ever arrives.

Analytics 240

Analytics Fraud Trends Mobile 240

PYMNTS

JANUARY 15, 2020

With an EBANX account, customers will get a card with 5 percent cash-back rewards and app-based payments features. EBANX is hoping for a full launch in Brazil at the beginning of the second half of 2020. EBANX became a unicorn – valued in excess of $1 billion – last year following a second-round investment by FTV Capital. “We

Fintech 169

Fintech America Payments Capital 169

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.

Fraud 52

Fraud Technology social media Innovation 52

PYMNTS

JULY 2, 2019

These FinTech service offerings can span money transfers and cross-border transactions through the WiBee Bank platform. “We The merchant integration takes place through the API, and the program will be available to clients and partners in January 2020, available through Visa Next. BIS Calls For International Collaboration.

Fintech 134

Fintech Innovation Resources Cards 134

PYMNTS

JULY 17, 2020

According to that research , roughly a third of consumers would consider switching financial services providers to get better digital services attached to their cards. VB said first on that list is digital self-service, especially when customers can’t access the bank physically.

Regional 198

Regional Cards National Trends 198

PYMNTS

OCTOBER 22, 2020

We knew we had to pivot and act quickly to develop digital tools to enable self-servicing for our existing customers, while also increasing our focus on driving frictionless access to credit card applications for new customers.

How To 130

How To Fraud User Experience Cards 130

Fintech Labs Insights

FEBRUARY 5, 2022

One of the major players is Rho , which is competing both on the banking side and with its newer corporate charge card. The company is targeting the medium side of the SMB market, especially other VC-backed startups with $1M to $30M in revenues ( Source: Tearsheet podcast with Everett Cook, 6 Jan 2020 ). Corporate charge card.

Cards 15

Cards Payments Management Video 15

PYMNTS

OCTOBER 28, 2020

Transactions processed when a card is not present (CNP) have become commonplace since the coronavirus took hold in March. Lynch added that by collaborating with FICO CCS, PSCU can “continue providing innovative fraud detection services” in a manner that makes sense for individual CUs' needs. FICO scores range from 300-850.

Fraud 109

Fraud Tools Security Analytics 109

PYMNTS

JULY 4, 2018

Innovation is spurred only by viewing possibilities through new lenses, by making sense of what is past and present, and imagining what might lie ahead. High satisfaction rates, to the tune of 81 percent, come in tandem with innovations such as shared branching, in which ATMs and services are universal across the network.

Payments 100

Payments Cards Survey Innovation 100

PYMNTS

JANUARY 14, 2021

In Pakistan, for firms seeking to spur that adoption and to foster financial inclusion, it’s important to have a “cash in, cash out” mindset, as Erwan Gelebart, CEO of digital wallet, mobile payments and digital banking provider JazzCash , told Karen Webster in an interview.

Mobile 234

Mobile Payments Course Data 234

CFPB Monitor

OCTOBER 22, 2020

Those steps include a 2016 request for information , a 2017 statement of principles , and a 2020 symposium. To date, most consumer-authorized third parties have accessed consumer data through data holders’ digital banking portal using digital banking credentials the consumer shared with third parties.

Data 78

Data FDIC Digital Banking Compliance 78

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space.

Customer Experience 59

Customer Experience Survey Fraud Cards 59