PYMNTS

JUNE 9, 2017

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009 , possibly due to loosening lending standards. Capital One wasn’t far behind at 5.31 percent in 2016.

Cards 107

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Bank Innovation

JULY 5, 2016

American Express is taking a page from Square’s book and launching an online platform for small business loans of up to $750,000 — but its main target may be banks. The news came today via Bloomberg, which reported funds could be available as soon as two days after loan approval. Read More.

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PYMNTS

JANUARY 22, 2021

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.

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PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? They are also too large to get funding through programs solely focused on small business lending.

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PYMNTS

JANUARY 13, 2021

“I was surprised by the opportunity of monetization in 2020 during the pandemic, not just by our wealth accounts but also by lending.”. It also provides lending services such as merchant cash loans, personal loans, and credit cards.

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PYMNTS

SEPTEMBER 14, 2020

billion in revenue it booked during the second quarter of 2020. In short, it’s a world where access to capital and legal advice is welcome. In mid-August, the company announced that it will infuse $100 million in capital into the Amazon seller system, along with legal and marketing advice.

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PYMNTS

NOVEMBER 16, 2018

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. Investors from IVP, Madrona Venture Group and Meritech Capital all joined the fold, while existing backers CapitalG and Sequoia Capital led the round. Automation Anywhere.

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Lending Capital Analytics Fintech 193

Gonzobanker

FEBRUARY 8, 2022

While the term “accretive to book value” is still the best bet for buzzword bingo at AOBA, the real talk centered around digital transformation and fintech disruption. price/book multiple. experiments with a more visible move from shareholder capitalism to stakeholder capitalism. A new frontier of efficiency will arrive.

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PYMNTS

AUGUST 11, 2017

And in that context, PayPal’s just-announced acquisition of Swift Financial, as it moves to expand the purview of its PayPal Working Capital program, strikes a distinct chord. Working Capital leverages the front seat view that PayPal has into their merchants’ businesses to assess their creditworthiness — and their ability to pay back a loan.

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PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

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PYMNTS

APRIL 5, 2019

Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. local time, as per National Automated Clearing House Association (NACHA) caps, as long as small businesses complete their booking or line of credit draw by 10:30 a.m. on a business day.

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South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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PYMNTS

JUNE 15, 2020

The pandemic has seen a flurry of capital raising as firms across all verticals have sought to shore up their balance sheets. By getting cash on the books, there’s the chance to keep going — to continue operating and pay expenses until the horizon is a bit clearer. United’s move follows other airlines’ similar fundraising efforts.

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PYMNTS

OCTOBER 31, 2018

News came this week that at least two credit card firms are tightening standards that are tied to their cards — and doing so right when the economy seems to be humming. And yet the two companies that are tightening standards — Capital One and Discover — have noted that they are “more cautious” in how they dole out credit.

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PYMNTS

MAY 7, 2020

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. But revisiting management commentary and specific sub-segments of the reported data — specifically Square Capital and Cash App — shed additional light on where merchants see opportunity and challenge right now.

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Maine Online Capital Retail 141

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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PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. percent annually.

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PYMNTS

JUNE 6, 2019

We want to be their first bank accounts with spending cards, but we also want to teach financial literacy and responsibility. His last venture, the mobile loyalty card app Gyft , was acquired by First Data. The first product will be banking accounts with payment cards, in collaboration with Mastercard and Evolve.

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Cards Mobile Lending Examples 115

PYMNTS

JANUARY 27, 2017

Commercial Cards. It’s not everyday that the B2B payments space sees innovation in corporate cards, but Spendesk, based in France, is giving the industry a little boost. TripActions offers rewards for employees when they remain under corporate budget, which can be used for things like Amazon gift cards. million raised.

Fintech 100

Fintech Cards Mobile Capital 100

PYMNTS

MAY 14, 2018

Taking a page from Goldman Sachs’ book, Morgan Stanley is beginning to lend to FinTech startups in Brazil as it seeks more of a return on its investments. The company is also reportedly in talks with international investors about raising $50 million via an equity round that QMS Capital is handling.

Fintech 116

Fintech Marketing America Report 116

PYMNTS

MAY 11, 2018

Also landing on the board this week are alternative lending, expense management, cybersecurity and blockchain players. Alternative Lending. The investment was co-led by Khosla Ventures, Lightspeed and Kramer Capital Partners, the firm said, and brings the total amount raised by At-Bay to $19 million. CCRManager. Blockchain.

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PYMNTS

MARCH 30, 2020

Two-thirds (66 percent) of SMBs expected to see their revenues grow beyond — even well beyond — what they had booked in 2019. Most businesses, SMBs included, plan for rainy days, and have access to capital of some kind to smooth over those lumpy cash flow crunches. percent), personal credit cards (49.5

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Maine Data Capital Study 232

PYMNTS

MARCH 14, 2018

Today, alternative small business (SMB) lending company Fundbox is launching Fundbox Pay, a solution the company says will move its credit offering closer to the B2B transaction itself. Getting paid late often forces suppliers to turn to alternative forms of working capital when payment. What is your working capital?

Payments 102

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PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

AUGUST 29, 2016

And speaking of “rain,” Citibank and Costco remain a continual illustration of the old adage “it never rains, but it pours,” as yet another thing went wrong in the great store card transition. For a private business to raise as much capital as Uber has been able to is unprecedented.”. billion in Q1.

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PYMNTS

OCTOBER 24, 2017

The company announced that going forward, borrowers using OnDeck’s SMB lending marketplace will be able to collect their funds via their debit cards in real time. the borrower can key in their business debit card number at 1:01 p.m. – With Ingo Money’s solution, if a loan is approved on OnDeck at 1 p.m.,

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Lending Cards Risk Management Study 100

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response.

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PYMNTS

MARCH 15, 2019

As reported, the vote was 412 to 202 on Thursday (March 14th) – 15 days before the March 29 departure date – to delay the withdrawal from the European Union that has been on the books for three years. Thus, consumers have the ability to cover bills more easily, and companies can manage working capital more efficiently. and the EU.

Apple 116

Apple social media Fintech Lending 116

PYMNTS

MARCH 15, 2019

As reported the vote was 412 to 202 yesterday (March 14th) to delay the withdrawal from the European Union that has been on the books for three years. Thus: The ability for consumers to cover bills more easily, or for companies to manage working capital more efficiently. As always the devil is in the details.

Apple 101

Apple social media Fintech Lending 101

CB Insights

NOVEMBER 21, 2019

Qualifying top five venture capital investors (e.g. venture capital, growth equity, and super angel) and corporates (e.g. corporations and corporate venture capital) must have made equity investments into fintech companies listed on this market map. Capital markets. Blockchain and crypto. digital collectibles”).

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Fintech Marketing US Technology 93

PYMNTS

SEPTEMBER 11, 2018

Holds and reserves are a concept that PayPal wants to make a part of the merchant services history book, as COO Bill Ready told Karen Webster. Putting Working Capital to Work. The needs that this serves aren’t really the needs targeted by their working capital lending product – or at least they shouldn’t be, he added. “We

Fraud 113

Fraud Capital Payments Tools 113

PYMNTS

SEPTEMBER 24, 2018

Despite the thousands of articles and books written by self-help experts over the years extolling the benefits of embracing change and incorporating more variety into one’s life, the truth is that trying new things can be a hard thing to motivate people or businesses to do. Banking And Gift Cards And Certified Partners (Oh My).

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Data Cards San Francisco Online 143

PYMNTS

OCTOBER 12, 2018

Consumers may feel a pinch (eventually) in the wallet, as credit card debt and mortgages become more expensive. For now, the data looks reasonably OK, he said, even with the debt load of about $9 trillion on the books. Credit is the bulk of working capital. Stock markets around the globe seem to be in freefall. The Read Across.

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Capital Course Management Lending 131

BankBazaar

APRIL 2, 2020

Last week, the RBI allowed all lending institutions to offer a three-month moratorium to borrowers on repayment of all term loans including Credit Card dues. All Agri Loans (Kisan Gold Card) and Microfinance customers under the Bank’s Sustainable Livelihood Initiative are also eligible.

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Cards Guidelines Retail Payments 128

PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise.

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FICO

JANUARY 16, 2018

The FCA estimates that credit card customers could save up to £1.3 People who are living on the credit card and credit-stressed are unlikely to be in a position to pay faster. And some will be the masters of credit facility management, meaning they actually get a wallet benefit from the way they manage across cards.

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Gonzobanker

DECEMBER 22, 2020

Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Best Use of Card Rewards for Seat Upgrades We saw a Great Dane in the Comfort Plus section of the plane. You know that dog either has Capital One or Delta Amex.

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