Remove ATM Remove Lending Remove Marketing Remove Taxes
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Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

Rumors circulated that FICO might be losing its monopoly in the mortgage market as the FHFA is considering allowing lenders to consider an alternative. Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. And that was just Tuesday.

Taxes 105
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Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

The real trick is to tie engaging consumer experiences to those cards, which is critical, as prepaid and reloadable cards continue to evolve — moving from plastic cards to mobile accounts that can adapt to an expanding portfolio of use cases, including payroll, online gambling or even consumer and business lending. Payroll Card Evolution.

Cards 158
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Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

Codel, head of consumer lending at Wells Fargo, said in an interview. “We After a long partnership, Stripe has officially acquired Payable in an effort to bolster the tax reporting tools it has on offer for its market business customers through its Stripe Connect product. North Korea’s For-Profit Hacking.

Taxes 100
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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly.

US 52
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Payment Products – 14 Ways Banks Will Make Money

South State Correspondent

As we pointed out, banks are in an ideal position to take advantage of these trends and grab market share back from the traditional card networks and fintechs. It will become a minimum expectation for both consumers and businesses, like how the ATM and remote deposit capture evolved. In the past, credit was static.

Payments 195
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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

as one of their primary tools of financial management — since prepaid cards can be used in ways essentially analogous to debit cards for payments, funds storage, cash-outs at ATMs or receipt of salary. The cards are largely associated with the 10 million or so unbanked families in the U.S.

Cards 189
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Use Cases And Business Opportunities Stemming From Open Banking (4/4)

Lars Markull

For this reason, India’s Account Aggregator framework – which encompasses things like insurance policies, tax receipts, businesses invoices, and more – will probably be a breeding ground for new use cases around open banking. And the income and spending history is one of the most important criteria for lending companies.