Eastern bank in Mass. taps Citi cards exec to lead consumer lending
Payments Source
JANUARY 9, 2017
Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.
Gradifi and Radius Offer Cash-Back Toward Student Loans
Bank Innovation
JUNE 21, 2016
As part of a broader digital-first strategy, Radius Bank partnered with Gradifi, a Boston-based startup, to launch a new MasterCard debit card that will help members reduce student loans. The new debit card will be available in the fall, the company said this morning. Here’s how it works: costumers will Read More.
Boston 
256
256 Join 50,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Mobile Order-Ahead Sector Goes All-In On AI
PYMNTS
NOVEMBER 23, 2020
As the Mobile Order-Ahead Tracker® states, “AI can be leveraged to analyze and tally credit card transactions similar to how banking transactions are examined. To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain.
Mobile 289
289 
The Main Street Rescue That Wasn’t (And Still Isn’t)
PYMNTS
AUGUST 20, 2020
To that end, as evidenced by a number of statistics (and no shortage of commentary), the Main Street lending program — designed to, well, help Main Street — is falling short. The Main Street lending program is focused on companies that cannot raise funds in the capital markets through issuing, say, bonds, or selling equity.
Maine 218
218 
Chargeback Fears Prompts Delay Of Merchant Funds
PYMNTS
JUNE 14, 2020
Not only has Square processed $100,000 in Bluebonnet payments annually, she said, Square’s lending arm has offered customers financing and she has used its software for customers to book sessions and launch marketing campaigns, the report said. Hudson told WSJ she plans to drop the company.
San Francisco 221
221 
Eastern Bank in Mass. Taps Citi Cards Exec to Lead Consumer Lending
American Banker
JANUARY 9, 2017
Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer lending business.
Lending 28
28 Sizzle Or Fizzle: Restaurants Rule, FireEye Flounders And Lending Club Is Back On The List
PYMNTS
AUGUST 12, 2016
Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. 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.
Lending 100
100 
SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket
PYMNTS
JANUARY 7, 2021
Today, SoFi’s suite of products includes 11 different offerings including a no-fee bank and savings account, debit and credit cards, student loans, mortgages, investments, auto/life/homeowners/renters insurance, as well as lending and planning services for small businesses. The Path Of The Neobank Supermarket.
Capital 150
150 
Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards
CB Insights
AUGUST 2, 2018
One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. turning Digital p2p payments into debit cards.
Cards 71
71 
Strategies for fighting remote authentication fraud
Independent Banker
NOVEMBER 30, 2021
Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. The best defenses against fraud. Education as an anti-fraud tool.
Fraud 160
160 
Second Day, Second Wind On Innovation Debates
PYMNTS
MARCH 17, 2017
The business cards have all been exhausted, and the hearty salutations give way to weary nods of (yet again) recognition. With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. Lending, Lending Everywhere, With Quite a Lot to Think. It’s a big problem.
Innovation 103
103 
Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove
PYMNTS
APRIL 20, 2018
Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. In fact, one of them asked Chavez during the earnings call whether Marcus was lending to consumers with less than stellar credit histories. The Big Bet on Consumer Services. The Dip into Commercial Banking.
New York 101
101 
Bankers: Is It Worth Buying Checking Accounts
Jeff For Banks
JUNE 1, 2019
Aside from credit cards, I don't get much attention from bankers or financial advisors. A community bank head of consumer lending recently told me he did the same with a Key Bank offer. years duration based on FHLB Boston's spot rates at the time of printing. At least somebody noticed. Five hundred bucks! Is It Worth It?
Why One Startup Is Desperately Seeking Regulation
PYMNTS
JUNE 10, 2016
Officials at the Office of the Comptroller of the Currency (OCC), the national bank regulator, told the Boston startup they would weigh its request. The OCC offers few limited-purpose charters, mostly for trust companies or credit card issuers. In the last 10 years, it has issued eight such charters.
Regulation 100
100 
2021 GonzoBanker Awards
Gonzobanker
DECEMBER 17, 2021
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. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.
Fintech 147
147 
Happy Birthday To PYMNTS
PYMNTS
OCTOBER 20, 2018
The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). and was followed by the great cybercriminal migration to the web and card-not-present transactions. I’ve watched the credit card industry almost from the beginning, and we got in early. True in 2009.
Innovation 177
177 
CFPB announces new appointments to advisory groups
CFPB Monitor
SEPTEMBER 21, 2015
Engel, Research Professor, Suffolk University Law School, Boston, Mass. Hughes, Senior Vice President of Card Marketing, Discover Financial Services, Deerfield, Ill. Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. Alvarez, Executive Director, Housing & Education Alliance, Tampa, Fla. Kathleen C.
Groups 60
60 
The Case For Localizing Mom-And-Pop Investment
PYMNTS
JUNE 27, 2019
For businesses with between 20 and 99 employees, credit cards remain their top financing source, while bank loans are more commonly reserved for firms with between 100 and 500 employees. One of the biggest challenges today, he noted, is raising awareness among small businesses that this is even an option for them.
Capital 145
145 
Top 13 Bank, Fintech & Financial Services Marketing Conferences
Fintech Labs Insights
MARCH 14, 2024
We expect the calendar to expand as we progress through the year.
Conference 15
15 Getting Mobile Ready
Independent Banker
OCTOBER 29, 2014
Community banks will continue to have representation in the mobile payments field through the Visa and MasterCard networks, and ICBA Bancard, ICBA’s electronic payments services program for community banks, is working closely with the card networks on the launch of Apply Pay as well as on other digital developments. Fees follow.
Mobile 105
105 
Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25
Fintech Labs Insights
MARCH 28, 2016
Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.
Company 12
12 
Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8
Fintech Labs Insights
JANUARY 13, 2016
HQ: Boston, Massachusetts. Lendful Financial. Consumer lending software for financial institutions. Tags: SMB, lending, loans, commercial lending, underwriting, alt-lender, Accion (investor). Total raised: $319.7 million ($44.7 million Equity, $275 million Debt). HQ: New York City. Source: Crunchbase. Agent Review.
Company 12
12 
FinovateSpring 2016 Live Blog – Day 2
William Mills
MAY 11, 2016
Credit cards offer rewards but over 60% of payments are made on debit cards. Chip card reader for when customers are shopping online to improve security. Verifies the card and pushes that information onto the merchant. The software/platform pieces is the ability to use virtual card numbers. Plus the 1% rewards.
Video 40
40 
Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8
Fintech Labs Insights
APRIL 13, 2016
Ixaris landed $6 million for its prepaid card platform. P2P lending platform. Prepaid card payments platform. HQ: Boston, Massechuesetts. Tags:Consumer, merchants, payments, POS, acquiring, debit/credit cards, mobile. Tags:Consumer, merchants, payments, POS, acquiring, debit/credit cards, mobile.
Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1
Fintech Labs Insights
APRIL 30, 2015
HQ: Boston, Massachusetts. Electronic gift card platform. Tags: Peer-to-peer, P2P, lending, investing. There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). Digital currency provider. Total raised: $76 million. million Seed.
Las Vegas 12
12 
Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion
Fintech Labs Insights
OCTOBER 19, 2015
Gift cards backed with public company equity. Fingerprint-authenticated payment card. HQ: Boston, Massecheusetts. Card rewards management. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor). Total raised: $600 million. Source: Finovate. Secure messaging for financial services.
Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15
Fintech Labs Insights
JANUARY 18, 2016
Online consumer lending. Person-to-person small biz lending platform. Multi-family lending management. Tags: SMB, enterprise, commercial lending, non-residential real estate, underwriting, investing. Source: Finovate. Person-to-person lender. Latest round: $59 million Series B ($153 million valuation). HQ: Bejing, China.
Company 12
12 
Fintech Fundings: 32 Companies Raise $210 Million Second Week of July
Fintech Labs Insights
AUGUST 8, 2016
HQ: Boston, Massachusetts. Lost/stolen credit & debit card solution. Tags: Institutions, underwriting, commercial lending, loans, information, BI, API. P2P currency exchange. Latest round: $8.4 million Series B. Total raised: $18.5 HQ: London, England, UK. Source: Crunchbase. Amber Financial Services. Consumer alt-lender.
Company 12
12 Sizzle Or Fizzle: The Brexit, The Fire Phone Part II And Why It’s A Great Time To Be a Lawyer
PYMNTS
JULY 1, 2016
What we will say is that fun times with family, the dazzling display of fireworks and the perfunctory cookouts and beach time, truly and totally make this upcoming weekend one very big sizzle wrapped around what appears to be in Boston, at least, abundant doses of sunshine. Peace Among Merchants and Card Networks. Lending Club.
New York 100
100 
Introducing Celent Model Bank 2017 Awards
Celent Banking
JANUARY 23, 2017
Lending Product – for the most impressive consumer or business lending or collections initiative. Payments Replatforming – for the most impressive project to improve payments back office, e.g. payment services hub implementation or cards replatforming. Open Banking – for the most impressive API strategy and results so far.
Risk Management 100
100 
PYMNTS Celebrates Festivus
PYMNTS
DECEMBER 17, 2016
We take our weather very seriously in Boston.”. When the CFPB drafted new regulations for the payday lending industry earlier this year, they likely could have expected that someone would be airing grievances in their general direction. After all, who wants an analog solution like a card in a digital world?
Mobile 100
100 B2B Startups Integrate Artificial Intelligence To Impress Investors
PYMNTS
APRIL 6, 2018
Suplari did not disclose exactly how it plans to use the funding, but noted its emphasis on AI-driven data analytics to enhance eProcurement spend management by assessing data across systems, including commercial cards, travel and expense management and accounts payable. IndustryBuying. Alternative Finance. Namaste Credit. Blockchain.
blockchain 116
116 
Director Cordray appears before House Financial Services
CFPB Monitor
MARCH 9, 2015
Michael Capuano, who represents a large swath of the Boston metro area, raised concern that loans for the purchase of so-called “triple-deckers” (i.e., the three-floor, three-unit dwellings that line many of Boston’s streets) cannot feasibly satisfy the definition of a single-family property under the ATR rule.
Tools 60
60 Amex Sizzles, Big Banks Fizzle And Indian eCommerce Lives Up To Its Sizzling Hype
PYMNTS
SEPTEMBER 30, 2016
Fall has arrived in Boston and we are sizzling. In what was a huge blow for the DOJ who brought the antitrust case to court on behalf of merchants, the 66-page decision said that consumers weren’t harmed and if merchants didn’t like taking American Express cards because the fees were too high, they could just not take them. Better not.
Retail 100
100 Finovate Spring 2018 – Day 2
William Mills
MAY 9, 2018
HQ: Boston, MA. A TON of really old technology is being used in mortgage lending. HQ: Boston, MA. I really like this kind of tech: why use a card with an ATM when you have your mobile banking app on your mobile phone? Based in Boston, it looks like they have less than 20 employees, I’m not sure.
Security 40
40 Fintech Fundings: 186 Companies Raised $1.6 Billion in June
Fintech Labs Insights
AUGUST 1, 2016
Alt-lending to small businesses. HQ: Boston, Massachusetts. Credit card with consumer controls. Marketplace lending analytics. Tags: Consumer, lending, peer-to-peer, credit, underwriting, investing. Total raised: $42 million. HQ: Ahmedabad, India. Source: Crunchbase. West Creek Financial. Latest round: $28.5
Company 12
12 
Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June
Fintech Labs Insights
JULY 14, 2016
million for its credit- and debit-card loyalty program. HQ: Boston, Massachusetts. Tags: SMB, payments, mobile, mPOS, merchants, acquiring, credit/debit cards. CrowdFlower tapped Microsoft to lead a $10 million round to further its big data analytics. Buzz Points grabbed $1.8 Alt-lender and payments. Latest round: $20.6
Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17
Fintech Labs Insights
JULY 17, 2015
Source: Boston Business Journal. Tags: Payments, prepaid cards, digital banking, mobile, global payments. Total raised: $45 million. Source: FT Partners. RealtyMogul. Marketplace lender for real estate projects. HQ: Los Angeles, California. Latest round: $35 million. Total raised: $45.1 Source: Finovate. Latest round: $35 million.
Fintech 12
12 
121 Of The Biggest, Costliest Startup Failures Of All Time
CB Insights
NOVEMBER 9, 2017
via Beta Boston. Select VC Investors: VantagePoint Capital Partners, Lend Lease Ventures. For millions of consumers accustomed to using credit and debit cards, the proposition of using a fingerprint hasn’t been all that appealing. ” via Boston Globe. via Boston Magazine. Company: Rdio. via SFGate.
Capital 78
78 The Mother List of All Banking Books
Jeff For Banks
APRIL 14, 2022
House of Cards: A Tale of Hubris and Wretched Excess on Wall Street 2009 William D. "Rusty" Big Bad Banks: How Greed and Ego Among the Big Shots in Banking and Government Created the Crisis that Wrecked Our Economy 2009 William D. Cohan Cohan, William D. Money and Power: How Goldman Sachs Came to Rule the World 2011 William D. 2008 Richard P.
America 78
78 242 Startup Failure Post-Mortems
CB Insights
OCTOBER 31, 2017
BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. It did not close because the customer base isn’t there or due to a lack of demand for its lending products. -Kyle Hill, HomeCare CEO. Product: BTCJam.
Company 78
78 
Let's personalize your content