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

DECEMBER 1, 2019

Like competitor Kard , Pixpay wants to give teens a way to go digital and ditch cash altogether. . Challenger banks are typically marketed to adults. Pixpay offers users a customized PIN code to lock and unlock the card, and users are notified with each transaction. Rival Lydia allows teens who are 14 years old and older.

Digital Banking 151

Digital Banking ATM Cards Capital 151

Gonzobanker

AUGUST 31, 2021

Checking fee income is facing extreme downward pressure during 2021, influenced by competitive factors and the specter of greater future regulation. The post Quandary 2021: Responding to Competitive Shifts in Overdraft Fees appeared first on Gonzobanker. News of waiving overdraft fees may sound like a big win for consumers.

Strategy 144

Strategy Analytics Retail Mobile 144

PYMNTS

SEPTEMBER 30, 2020

It’s happened to almost all consumers: They’re idly perusing their credit card statements when they come across completely confusing, seemingly random charges from businesses they don’t recognize in locations they’ve never visited. By 2021, we’re looking already at a cost of $8.6 billion related to chargebacks and disputes for the U.S.

Cards 220

Cards Online Fraud US 220

PYMNTS

OCTOBER 15, 2020

But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. But cards purchase sales, globally, were up 17 percent quarter over quarter to $127 billion. “We

America 220

America Cards Mobile Management 220

PYMNTS

JANUARY 21, 2021

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. On the pivot to contactless payments, she said, consumers in the midst of a public health crisis are still unsure about touching terminals.

Analytics 240

Analytics Fraud Trends Mobile 240

PYMNTS

AUGUST 7, 2018

Demonetization was launched in India in an effort to crack down on the nation’s underground economy, boost tax revenues and encourage the transition to a digital banking infrastructure. percent from 2016 to 2021. percent by 2021. Meanwhile, a thriving underground economy is also keeping use of cash active. India spent $1.5

Report 104

Report Policies Digital Banking Payments 104

PYMNTS

JANUARY 19, 2021

And borrowing across LendingClub’s own portfolio has been focused not on credit card consolidation but on home improvement projects. He gave a nod toward “continuous underwriting,” which offers the user who might not have the ability to pay off a credit card within a few months to convert that debt into a loan, and then pay it down over time.

Digital Banking 290

Digital Banking Cards Digital Strategies Survey 290

FICO

APRIL 7, 2022

Following the highly successful The 11 Commandments of Digital Banking eBook , we are publishing a series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Let customers use the channels they love to access other areas of the bank quickly.

Digital Banking 52

Digital Banking Security Fraud America 52

MyBankTracker

JANUARY 19, 2021

Here are some of the consumer banking trends that we believe will take hold in 2021. Consumer Banking Trends of 2020. Adoption of digital banking. Many bank customers were in for a shock when branches couldn’t open to the public. Credit cards adapt to new spending patterns. Related Articles.

Marketing 52

Marketing Banking Trends Trends Cards 52

PYMNTS

DECEMBER 14, 2020

DasherDirect is issued by Stride Bank and powered by Payfare. The platform offers drivers a mobile banking app and a business Prepaid Visa Card, along with new rewards. Dashers can choose to have earnings automatically added to the card every day at no cost. A nationwide launch is planned for early next year. .

Tools 238

Tools Washington New York Maine 238

CB Insights

JUNE 10, 2021

Brazil-based Nubank is a digital banking services provider that offers several financial products, such as savings bank accounts, debit cards, no-fee credit cards, P2P payments, loans, and life insurance. The company reportedly initiated the listing process for the US stock market in 2021.

Digital Banking 39

Digital Banking Capital Cards Fintech 39

PYMNTS

NOVEMBER 30, 2020

Most digital wallets can only be funded with a credit or debit card. The access was made possible due to the development of a new API by the Singapore Clearing House Association (SCHA), which monitors FAST, and the Association of Banks in Singapore (ABS), which oversees PayNow. It will be available starting February 2021.

Payments 170

Payments Digital Banking Groups Cards 170

The Paypers

NOVEMBER 19, 2020

Card issuing platform Marqeta has won three new digital banking clients in the UK and Europe, with all expected to go live with the company in 2021, according to the official press release.

Digital Banking 28

Digital Banking Cards Company 28

PYMNTS

OCTOBER 8, 2020

Revolut is launching its Goals functionality for its Junior savings card and app that inspires youth to save money. In April, the central bank said it had rolled out a 22-month test effort that would conclude in December 2021. Americans Pull Back On Credit Card Borrowing. billion in August in contrast with July.

cryptocurrency 246

cryptocurrency United States Cards Report 246

Gonzobanker

MAY 23, 2022

What is a bank or credit union to do to offset this loss in non-interest income? Consumers should remember that this revenue helps pay for free branches, digital banking, P2P payments, contact centers, and debit cards with $50 fraud loss limits. Rohit Chopra, CFPB Director, December 2021. Market Debit Card Spend.

Cards 121

Cards Strategy Marketing Digital Banking 121

PYMNTS

SEPTEMBER 29, 2020

Global chargeback volume, the study showed, will reach 615 million by 2021, largely coming from customers frustrated and disputing transactions, the release said. Johan Gerber , executive vice president of cyber and security products at Mastercard, said the greater digital dependency of the coronavirus era made this new development necessary.

Online 243

Online Guidelines Study Fraud 243

Fintech Labs Insights

DECEMBER 1, 2021

With Brex’s arrival on the scene in 2018 followed by a meteoric rise to multi-unicorn status, there has been considerable attention to, and investment in business credit/charge cards ( see definition below ). Below is a ranked list of the 17 challenger business credit cards currently active in the United States. FAB Score = 600. –

Cards 15

Cards Online Utah Austin 15

Fintech Labs Insights

DECEMBER 1, 2021

With Brex’s arrival on the scene in 2018 followed by a meteoric rise to multi-unicorn status, there has been considerable attention to, and investment in business credit/charge cards ( see definition below ). Below is a ranked list of the 17 challenger business credit cards currently active in the United States. FAB Score = 600. –

Cards 15

Cards Online Utah Austin 15

PYMNTS

JANUARY 14, 2021

FinTech startup Marqeta has been tapped by Goldman Sachs to power digital checking accounts for Marcus. Marqeta said that Goldman Sachs “will leverage our modern card issuing platform” to introduce digital checking accounts to Marcus customers, according to a Marqeta blog post on Thursday (Jan.

Cards 207

Cards Tools Fintech US 207

PYMNTS

JANUARY 29, 2020

Amid the targets for return on equity in the investment banking business, Goldman ’s first Investor Day in the wake of a revamped operating structure placed special emphasis on the digital realm. Specifically, digital banking services, delivered to a broader consumer base through mobile means.

Digital Banking 136

Digital Banking Strategy Management Apple 136

PYMNTS

JANUARY 19, 2021

Supplemental materials released by the company show credit card loans stood at $4 billion, up from $3 billion in the third quarter, and $2 billion in the year-ago period. Loans tied to its cards should reach at least $20 billion in 2024, as the bank noted in an update to its strategic plan.

Digital Strategies 152

Digital Strategies Strategy Cards Conference 152

PYMNTS

SEPTEMBER 21, 2020

The transaction should reportedly close in Q1 2021 once regulatory approvals and other conditions are satisfied. Cape Debuts 'Recession Fighting' Credit Card. The new card is forecast to roll out next year and is geared toward small to medium-sized enterprises (SMEs). Nacha Provides Guidance On Voice Payments, Cybersecurity.

Resources 223

Resources Capital Fintech Cards 223

PYMNTS

SEPTEMBER 23, 2020

The bank's move comes on the heels of news that Commerzbank would not reopen 200 offices that were closed amid the pandemic. In addition, PNC Bank intends to cut the number of its branch offices through 2021. The firm has also opened at least 13 “solutions centers" that provide an alternative to the usual bank location.

Cards 214

Cards Payments Management Software 214

PYMNTS

DECEMBER 9, 2020

Robinhood In Talks With Goldman On Possible 2021 IPO. The public offering could reportedly come out in 2021, according to sources in a published report who noted that the precise timing would subject to market conditions. Robinhood Markets is reportedly working with Goldman Sachs for its initial public offering (IPO) preparations.

Marketing 159

Marketing Tools Conference Fintech 159

PYMNTS

DECEMBER 16, 2020

Aeldra, whose partners include Blue Ridge Bank, N.A, banking and investment through a “digital private banking” experience. account with a Global Mastercard Debit Card in five minutes on a mobile device. You can’t be a star with the DDA in 2021.”. provides global clients with smooth access to U.S.

United States 168

United States FDIC California Mobile 168

Gonzobanker

APRIL 4, 2024

According to the report , Chime has not engaged investment banks to date. Chime hasn’t raised funds since 2021 when it was valued at around $25 billion. Dave claims that it “serves 10 million members with banking, financial insights, overdraft protection, building credit and finding side hustles.” Well, not all members.

Comparison 104

Comparison Fintech America Survey 104

PYMNTS

OCTOBER 15, 2020

But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. But cards purchase sales, globally, were up 17 percent quarter over quarter to $127 billion. “We

America 171

America Cards Mobile Management 171

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

Fintech Labs Insights

FEBRUARY 10, 2021

Traction: 500 Startups accelerator (Batch 27, Feb 2021). Description: Challenger bank/debit card for teens. Business model: Debit card interchange. Traction: 500 Startups accelerator (Batch 27, Feb 2021). Related: First Look: Watch 16 Insurtech Startups Pitch at PlugandPlay’s Munich Winter Summit 2021.

San Francisco 15

San Francisco Fintech Cards Digital Banking 15

American Banker

JANUARY 29, 2020

The Wall Street bank aims to double consumer deposits and triple outstanding consumer loans in five years. A checking account is slated for 2021, and more cobranded credit cards could be coming.

Cards 88

Cards Digital Banking 88

PYMNTS

SEPTEMBER 1, 2020

The San Francisco-based financial services giant’s decision to launch the checkless account, which has a monthly fee of $5, comes as Wells Fargo looks to reshape an image badly tarnished after 2016 revelations that bank employees opened millions of phony accounts in order to meet sales quotas.

San Francisco 234

San Francisco Payments Online Meeting 234

PYMNTS

FEBRUARY 11, 2020

In today’s top payments news, Mastercard was approved for a bank card clearing business in China, and a judge rejected Uber and Postmates’ request to stop California’s new gig economy law. While the number is slightly down from last year, Amazon is expected to hold that lead through 2021. . according to an eMarketer report.

Marketing 150

Marketing Payments Retail California 150

Fintech Labs Insights

AUGUST 31, 2021

Card processing. Source: INC Magazine, Aug 2021. *To Related: Top 15 Online Digital Corporate Credit Cards for Small Businesses (August 2021). Online Digital Banks for Small Businesses (SMB) August 2021. The 208 Fintech Unicorns of the 21st Century (July 2021 update). Bitcoin ATMs.

Fintech 15

Fintech Company United States Comparison 15

PYMNTS

DECEMBER 15, 2020

Digital transformation is among the most noticeable changes, but it doesn’t herald the end of the brick-and-mortar experience, Brian Scott , senior vice president and chief growth officer at PSCU , told PYMNTS in a recent interview. The mega-banks are spending billions [on] the digital experience.

Course 186

Course Cards Fraud Mobile 186

Fintech Labs Insights

JUNE 29, 2021

NEW : Looking for digital banks, lenders or corporate charge/credit cards serving small businesses? Check out our latest lists: SMB online lenders (26) | SMB charge/credit cards (15) | SMB challenger banks (10) . Leading USA Digital Small Business Insurers. Bizinsure. Related: Top 12 U.S.

Online 15

Online DC Denver Atlanta 15

Fintech Labs Insights

APRIL 6, 2023

Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? to 5.07% None 2021 NYC $27 27,000 Source: FintechLabs, Crunchbase, SimilarWeb 1. Baselane FAB Score: 28 (+3) – HQ: NYC – Founded: 2020 – Banking service provider: Blue Ridge Bank – Raised: $7.9M

Digital Banking 15

Digital Banking Online FDIC San Francisco 15