CB Insights

APRIL 22, 2021

After last year’s payments push , big tech companies are now turning their attention to lending. Amazon, Facebook, and Google’s strategies focus on business lending — offering capital to the merchants, small businesses, or enterprises that they often already provide other services to. First name. Company Name.

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Google Lending Apple Report 36

Perficient

JULY 11, 2022

Afterpay does not perform a hard credit check on users, but it can still affect credit if users have a credit card as the form of payment connected to their Afterpay account or if they fail to pay back their loans. Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later.

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Fintech Trends South Dakota Apple 474

PYMNTS

NOVEMBER 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others.

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Cards Payments San Francisco Tools 196

Bank Innovation

APRIL 9, 2019

launched a credit card last month, hoping to upend a $175 billion industry much like it did the phone business. At a splashy event, the company made a simple sales pitch and showed off the titanium product in a slick video. Chief Executive Officer Tim Cook called it the "most significant change" to […].

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Cards Apple Video Industry 150

FICO

MAY 30, 2022

The FICO Credit Market Report for March 2022 shows that repayments remain a priority for credit card holders, suggesting that there will be greater reliance on credit over the coming months as the cost-of-living crisis deepens due to higher inflation. Average card spend drops marginally by just under 2 percent compared to February.

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Cards Report Payments Trends 52

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

PYMNTS

JULY 14, 2020

That alternative method of paying for purchases “on credit” got a boost with news this week that Visa Installments , a new point-of-sale (POS) credit solution, is being rolled out in pilot markets across the U.S. stores for Google Pay and Apple Pay users. This follows a pilot rollout in Russia last month. Fast and Furious BNPL Action.

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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

APRIL 15, 2020

Our business performed well in both January and February as markets notched new highs driven by client confidence in activity,” CEO David Solomon said on the conference call with analysts. But he said early March marked a change as the coronavirus impacted financial markets. In the first quarter, net revenues were $8.7

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Apple Cards Conference Lending 192

FICO

APRIL 27, 2022

The FICO Credit Market Report for February 2022 shows UK card trends following typical post-seasonal spend and repayment patterns. Average card spend climbs by over 5 percent compared to January and nearly 30 percent compared to February 2021. Customers paid down credit cards when stimulus payments hit the marketplace.

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Cards Report Trends Apple 52

Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. Lending Tech With Almost Steady Grades (Even With Rough Semesters). First, there was the drama leading up to the breakup with the rich hottie.

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Fintech Lending Software Compliance 195

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

PYMNTS

FEBRUARY 7, 2020

Things were a bit more active on the Amazon front, with a big infrastructure investment pushing its market cap back over the $1 trillion line, a new B2B financing partnership with Goldman Sachs potentially in the offing and its expanding stores and services menu. Market Cap Watch: Back to the Trillionaire Club With Logistic Investments.

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Austin Lending Omaha New York City 131

PYMNTS

AUGUST 14, 2020

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. The New Future of Bundling.

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Fintech Apple California Google 300

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.

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Cards Google Tools Regulation 189

PYMNTS

APRIL 26, 2019

Visa’s newest APIs will help those within the Visa ecosystem to create digital cards on demand and add digital services. In addition, they are expected to jointly explore new product and service offerings in digital lending. Is Apple Card Already Changing Payments? The Link Between GDPR and the Homesharing Market.

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Bitcoin Apple Cards Compliance 175

PYMNTS

JANUARY 23, 2019

The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay. Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards.

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Samsung New York Branding Apple 162

CB Insights

NOVEMBER 4, 2022

Founded in 1869 , Goldman Sachs has established itself as one of the world’s largest investment banks and is a major force in the global financial markets. For example, it recently launched a digital consumer bank called Marcus and partnered with Apple to launch a credit card. Want the full expert post?

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Strategy Apple Lending Examples 73

PYMNTS

MAY 13, 2016

On the heels of Lending Club’s fall from grace this week – the day after to be precise – Wells Fargo announced that it would come to the rescue of SMBs by offering fast decisions on small business loans. Merchants and Chip Cards. Alt Lending. This week, in particular, was tough for a few players – and one sector overall.

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Cards Lending Google Apple 100

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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Innovation Cards Apple Google 143

PYMNTS

MAY 21, 2018

Credit Card’s Profit Squeeze. Credit card companies, faced with an increase in costs associated with rewards and rising loan losses, have seen their profitability dip of late. The balances on credit cards have grown at a fast pace — up 7 percent year over year in the early part of 2017. the CEO said.

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Seattle Taxes Cards Data 100

PYMNTS

APRIL 2, 2019

The departure of Cerda comes just after Apple and Goldman Sachs announced the Apple Card, a new credit card that Apple is launching. It has zero fees and vows to provide lower interest rates than what is available in the market. Purchases with the physical card get customers one percent cash back.

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Los Angeles New York Apple Conference 132

PYMNTS

JULY 27, 2020

are seeking payment methods that can help them flexibly manage necessary expenses, and the BNPL industry is poised for growth in other markets as well. Splitit also allows users to make payments from their credit card accounts and partnered with card services providers such as Mastercard and Visa to expand its reach.

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Retail Google Apple New York 146

PYMNTS

JANUARY 20, 2020

Wall Street being Wall Street was focused, at least in part, on trading and asset management revenues, which rebounded strongly in the fourth quarter, up double-digit percentages in most cases amid record high stock markets. credit and debit cards. In the U.S., billion cross U.S.

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Cards America Course Mobile 134

PYMNTS

JUNE 30, 2016

And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Apple Pay — 20 Months In. It’s been 20 months since Apple Pay launched. How many consumers use Apple Pay? Apple Pay’s Day On The Web.

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Mobile Samsung Apple Missouri 104

PYMNTS

JULY 18, 2018

The investment bank, which has made major advances to bolster its digital investments, continued moves to bolster its increasingly important digital expansion, including its Marcus by Goldman Sachs online consumer savings and lending platform. deposit market business later this year. Goldman Sachs said net income jumped $2.57

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Apple Conference Maine Lending 100

PYMNTS

FEBRUARY 24, 2020

The key here is that buying Radius Bank brings together two disparate companies with a presence in different markets. Radius Bank is not in the lending market, but has $1.4 The move takes Morgan Stanley down market a bit, deeply into online stock trading. billion in assets in its own operational book.

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Digital Banking Course Online Management 242

PYMNTS

OCTOBER 21, 2019

In 2016, it got to the point where it seemed every merchant or tech firm that could affix the world “pay” to its name did so, and launched a mobile payment service to go with it: Apple Pay, Google Pay, Kohl’s Pay, Chase Pay, Capital One Pay, Walmart Pay, Target Pay, CVS Pay, Garmin Pay. The network would run on a card issued by Barclays U.S.,

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Innovation Payments Apple Mobile 131

PYMNTS

APRIL 15, 2019

Specifically, who knows what dangers — for banks, at least — lurk in shadow banking, as FinTechs emerge to nibble at market share? Beyond the fact that those CEOs said systemic risk is not yet in the cards, the septet also said these alternative lenders bear watching, lest the growing nonbank sector eventually give cause for alarm.

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Lending United States Survey System 175

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. The company may come to market with a $6.2 would, in fact, stay in the European Union. and the EU.

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Apple social media Fintech Lending 116

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

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Apple Mobile Fraud Branding 159

PYMNTS

APRIL 17, 2017

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. So, while McKelvey lost out on that $2,000 sale — he and his (friend) and Co-Founder Jack Dorsey — the founder of Twitter — did end up with a $17 billion idea (Square’s market cap at the time this piece went to press).

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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

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. The company may come to market with a $6.2 As always the devil is in the details.

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Apple social media Fintech Lending 101

PYMNTS

APRIL 15, 2019

Additionally, within the investment and lending segment, revenues were $1.8 In terms of digital efforts the company said its partnership with Apple is one that relies on “no legacy technology” as the company brings a joint credit card product, previously announced, to market.

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Apple Operations Management Online 115

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. Visa Powers Revolut’s Global Expansion Into 24 New Markets. Apple — Phone Home. Top Stories.

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