PYMNTS

DECEMBER 9, 2019

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Apple Updates Wallet App to Reflect iPhone Financing for Apple Card Users.

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Regulation Data Apple Payments 131

PYMNTS

MAY 31, 2019

As has been reported, Global Payments is the third largest merchant acquirer in the United States, while TSYS is the third largest card processor in the country. PayPal Hits $10B SMB Lending Milestone. Citi Said ‘Thanks, But No Thanks’ To The Apple Card. Visa CEO Throws Shade On Real-Time Payments.

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Lending Payments Apple social media 122

Bussman Advisory

SEPTEMBER 16, 2022

The post Goldman’s Apple Card faces mounting credit losses | JP Morgan acquires payments fintech to rival Stripe | Starbucks integrates NFTs into rewards program appeared first on Bussmann Advisory AG. Subscribe now to our weekly newsletter. Contact us at info@bussmannadvisory.com for more details.

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Apple Fintech social media Cards 52

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Morgan Enhances Virtual Cards Via Marqeta. Plaid, Galileo Boost ACH Efficiency.

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Fintech Cards Technology Samsung 277

PYMNTS

AUGUST 6, 2020

Contis’s plans include a new off-the-shelf B2B electronic and card payment technology for SMBs. It will capitalize on Contis’ regulated status to help SMBs access support from FinTechs, including new payments and lending capabilities. The company can offer card scheme capabilities and give out credit and debit cards.

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PYMNTS

AUGUST 12, 2016

Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone.

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Lending Apple Cards Study 100

Bank Innovation

SEPTEMBER 13, 2017

EXCLUSIVE- SME banking app, Seed, is gearing up to roll out a tool that supports Apple iPhone X’s new Face ID feature, Bank Innovation learned. The product that supports Apple’s face authentication will be coming out soon,” Brian […].

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PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

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Austin Lending Omaha New York City 131

BankInovation

JULY 14, 2020

The Australian point-of-sale lending company, which launched online in the U.S. The Afterpay card — and what we’re bringing to the market — is a virtual, contactless Visa card that is stored either in customers’ Apple […]. Afterpay is heading into brick-and-mortar stores in the United States.

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United States US Retail Apple 64

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. Free Download: State of Fintech q2’20.

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PYMNTS

JULY 7, 2020

There’s no shortage of disruptors — particularly neobanks that promise to change everything from checking to lending — but don’t count legacy players out just yet, Dr. Jud Linville , senior advisor at growth equity firm General Atlantic , told Karen Webster. For alt lenders, that might mean launching a credit card.

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Fintech Innovation Software Technology 223

Bank Innovation

MARCH 7, 2016

fingerprints and personalization are key next steps in its retail banking innovation evolution. Apple TouchID may get all the press, but authentication via fingerprint also exists for Android devices, and the feature will go live for Chase customers on those devices at the end of this month. At JPMorgan Chase & Co., Read More.

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Apple Innovation Retail Cards 150

FICO

JANUARY 31, 2020

These consumers are a large part of the reason why Apple releases new versions of their phone on a regular cadence. For example, we estimate that using the more predictive FICO 10 T model will enable credit card lenders to approve up to 6% more card applicants while keeping default rates constant, when compared to FICO Score 8.

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PYMNTS

MARCH 15, 2019

It’s been widely reported that amid Parliament and May jockeying for power over the process, a softer Brexit may have been in the cards, which would have kept closer economic and trade relationships between the U.K. would, in fact, stay in the European Union. As always, the devil is in the details. and the EU.

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PYMNTS

JUNE 30, 2016

Apple Pay — 20 Months In. It’s been 20 months since Apple Pay launched. How many consumers use Apple Pay? Well, Apple isn’t so keen on sharing those numbers. 34 percent said they rarely consider using Apple Pay – a finding that is now consistent over the last two quarters. . • How often do they use it?

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PYMNTS

MARCH 15, 2019

It’s been widely reported that amid jockeying for power over the process between Parliament and May that a softer Brexit may have been in the cards, which would have kept closer economic/trade relationships between the UK and the EU. As always the devil is in the details.

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Apple social media Fintech Lending 101

PYMNTS

OCTOBER 4, 2019

This week’s coverage includes a deep dive into a big potential misstep for Apple, woes at Goldman’s Marcus, a new Visa expansion effort and a look at how Google Maps can predict the future of payments. Apple — Phone Home. Top Stories. Visa Powers Revolut’s Global Expansion Into 24 New Markets. Taking Stock Of Libra’s Vital Signs.

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PYMNTS

APRIL 17, 2017

In the case of Square — the payments innovator that launched hundreds of mPOS imitators — the small problem was $2,000 worth of handblown glass that artisan Jim McKelvey couldn’t close the deal and sell. Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards.

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Apple Capital Cards Payments 110

Gonzobanker

DECEMBER 17, 2021

This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. The most important aspect of this deal is Huntington.

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PYMNTS

OCTOBER 7, 2019

The issue at hand: Marcus was perhaps not prepared to handle the world of high-risk lending, according to sources – and the learning curve has been steep and expensive. Goldman’s entry into savings accounts and credit cards resulted in early loan losses, people familiar with the matter told media.

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Data Apple FDIC Report 116

Bank Innovation

FEBRUARY 11, 2019

Joshua Siegel, managing director and CEO of StoneCastle, told Bank Innovation that Cambr essentially allows any company to offer banking products and services […].

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Community Bank Community Software Innovation 170

PYMNTS

JUNE 10, 2016

1 spot in the Apple App store last week for one and only one reason: it made mobile order ahead a new feature in its app. Designed to enable its issuers to create a branded digital app for managing card credentials, it is also capable of enabling payments in-store (on Android phones where NFC is supported) and inside of Visa Checkout.

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Let's Talk Payments

JULY 31, 2017

In the last decade, mobile payments have started taking hold worldwide as consumers ditch cash and cards, and instead use their smartphones to complete transactions. While many of the financial innovations we see.

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Mobile Marketing Payments Innovation 111

PYMNTS

SEPTEMBER 20, 2017

BECU and other credit unions have also had to address the emergence of new FinTech companies, firms which are disrupting financial services by offering consumers innovative new options for managing their money. Among the companies approached is Even, a supply-side marketplace lending company.

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PYMNTS

SEPTEMBER 22, 2017

B2B: The trillion dollar industry that gets overshadowed in innovation by consumer gee-wizardry tech, B2B is gaining more attention by the day. Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. Just sayin’.

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US Apple Innovation Regulation 108

Gonzobanker

NOVEMBER 9, 2015

Apple Pay … not. Continuing on the “Pay” theme, we know all about Apple Pay and the noise it caused in the market last year. Apple may have been in attendance this year but it was pretty much invisible on panels and in keynotes. Lots of talk about innovation and customer experience. Innovation on the merchant side.

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blockchain Bitcoin Lending Innovation 60

PYMNTS

OCTOBER 26, 2018

CCS further notes that much of the growth in 2018 has been driven by Apple and its smartwatch product. “We can now really ask how humans and machines can work together to deliver a superior experience for both the employee and the customer,” HSBC Bank USA Head of Innovation Jeremy Balkin noted in the public announcement of the pilot.

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Samsung Apple Study Report 134

PYMNTS

MAY 6, 2016

The latest CyberSource annual report on online fraud tells the tale of card-not-present fraud not just going down, but going down by a whole big bunch – across all channels. Tim Cook took to Jim Cramer’s show this week in an effort to defend Apple’s lousy earnings report. Prosper/Alt Lending. Online Fraud. And by a lot.

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Apple Branding Fraud Bitcoin 100

Gonzobanker

AUGUST 7, 2018

Treasury Department released a 222-page report titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation , and the OCC announced it would consider charter applications from fintech companies. Tuesday, July 31, 2018, may go down in history as Fintech Day in the United States.

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Data Report Fintech United States 60

Independent Banker

OCTOBER 29, 2014

The latest twists came in September, when one of the biggest technology and payments events of the year featured the announcement of Apple Inc.’s s entry into the payments business with Apple Pay. Fees follow. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

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Mobile Community Bank Community Technology 105

PYMNTS

JUNE 10, 2019

Stripe rolled out chargeback protection, Apple rolled out its take on sign-in authentication , Mastercard launched an open banking platform and Visa and Western Union paired on a global push to card payments – and those are just the top headlines. There were plenty of introductions last week.

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Apple Data social media Policies 122

FICO

FEBRUARY 9, 2023

Customer Ownership with Embedded Digital Financial Services Companies like Amazon, Netflix, Starbucks, Apple, Google and Spotify among many others, have taken “traditional” customers services and transformed them into digital experiences that are now embedded in our daily lives. There are still plenty of opportunities for the innovators.

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PYMNTS

NOVEMBER 10, 2019

Goldman Sachs is being investigated for gender discrimination related to the algorithms it uses when deciding on credit limits for the new Apple Card. The posts got a lot of attention, with Apple co-founder Steve Wozniak even weighing in. Goldman and Apple are delegating credit assessment to a black box,” noted Hansson.

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PYMNTS

APRIL 11, 2016

I was reminded of this phenomenon recently after scanning a bunch of stories that described a variety of “disruptive” innovations in payments. It’s also true that the tools available to innovators today make platforms easier than ever to create. Even payments cards charge both sides. iHeartDogs — The ‘Uber’ of dog walking”.

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Celent Banking

NOVEMBER 3, 2015

Mobile payments market in the US is only getting more complex, with Apple Pay, Android Pay and Samsung Pay already there, more “Pays” on the way (e.g. According the panelists, tokenisation is the much-needed “abstraction layer” that will be a “foundation for the next 20 years of innovation.”

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Columbus blockchain Customer Experience Payments 100

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Demoing first with apple watch. Is this the first time we have seen an apple watch as apart of a demo today? Katerina Frolovicheva (MD, Technologies Innovations). This is a leading bank in Russia, with a track record of fintech innovation.

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Bank Innovation

AUGUST 14, 2017

Wells Fargo has been going through a rough patch lately, but the bank itself is focused on moving forward. This is especially true when it comes to digital banking. The San Francisco-based bank is looking at partnerships as a way of improving banking experience for its current digital users (including mobile). “We We are trying to […].

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