Capital One angles to push Discover upmarket
Payments Dive
MARCH 7, 2024
With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.
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Payments Dive
MARCH 7, 2024
With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.
Bank Innovation
JANUARY 23, 2019
Capital One Financial has reportedly acquired Walmart's card receivables, the bank's chairman and CEO, Richard Fairbank, said yesterday. Terms of the transaction were not disclosed.
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PYMNTS
JANUARY 23, 2019
Capital One ’s domestic card loans increased 8 percent in the fourth quarter of 2018 , the bank said on Tuesday (Jan. 22) as company executives gave an update of its card deal with Walmart. The financial institution (FI) said that, as of the end of Q4, the domestic card loans ending balance stood at $107.4
PYMNTS
JANUARY 21, 2020
Amid the spate of financial institutions reporting results that show increased traction in consumer spending — especially across credit cards — add Capital One Financial to the list. In results posted Tuesday (Jan. In terms of headline numbers, adjusted earnings were $2.49 a share, better than the $2.37
PYMNTS
FEBRUARY 28, 2020
Capital One is going to increase its focus on digitization and close 37 branches around the U.S., Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. according to a report by Yahoo Finance. Net income CAGR was 8.2 percent throughout the same time period.
PYMNTS
JANUARY 14, 2021
Silicon Valley credit card startup X1 raised $12 million in a funding round led by Spark Capital, a backer of Twitter, Plaid, Slack and Affirm. The round also had participation from Jared Leto and CEOs of known tech brands. The company said it “reimagines the credit card,” from how it looks to how credit limits are assigned. .
PYMNTS
JULY 20, 2018
Capital One reported a robust second-quarter performance as the bank had increased spending and lowered losses in its credit card business. Capital One delivered another quarter of strong financial performance as we continued to invest to grow and drive our digital transformation,” Fairbank said in a statement. “We
PYMNTS
SEPTEMBER 30, 2020
In today’s top payments news around the world, American Express launched co-branded credit cards with Amazon targeting small to medium-sized businesses (SMBs) in Britain, while Volopay is teaming with Nium for a new and enhanced corporate credit card. million in Blumberg Capital-led seed funding. in Seed Funding.
PYMNTS
NOVEMBER 27, 2020
That influx of users new to digital paths and processes has created pressure in the market for brands to leverage video content. Moreover, such personalization allows video to capitalize on one of its primary advantages when compared to text or even photos. And perhaps more critically, video done well boosts brand loyalty, Atzmon said.
PYMNTS
NOVEMBER 12, 2020
Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.
South State Correspondent
MARCH 23, 2022
If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. Brand Differentiation Step 1: Build an Employee-Centric Culture. Nubank is an example of what happens when you invest in your products in order to differentiate your brand.
PYMNTS
JULY 12, 2018
Walmart is mulling shifting its branded credit card business to Capital One Financial from Synchrony Financial as it aims to expand the company’s mobile payments offering. Co-brand and private label credit cards are a good business for banks. The Walmart-branded credit card program is the biggest in the U.S.,
Bank Innovation
DECEMBER 13, 2019
In this episode, Suman Bhattacharyya, senior editor, and Angely Mercado, associate editor, discuss the following news developments: Corporate card and financial product startup Brex’s marketing strategy; Inspired Capital’s recent investment in business banking platform Rho; and […].
PYMNTS
APRIL 21, 2020
What gets brands through the darkest downturns isn’t the financial capital they have on hand – it’s the relationship capital they build with their best customers. We later found that relationships forged in the best of times helped sustain the brands through the depths of the Great Recession.
PYMNTS
OCTOBER 1, 2020
Goldman Sachs has beat out competitor Barclays to buy General Motors (GM)'s credit card business, according to a report from The Wall Street Journal (WSJ). In their pitches to GM, both Goldman and Barclays promoted the idea of cars as eCommerce portals, a notion supported by auto makers and card networks like Visa and Mastercard.
BankBazaar
APRIL 11, 2023
National, March 30, 2023: BankBazaar.com , India’s leading fintech co-branded Credit Card platform and online provider of free Credit Scores, closed FY23 with net revenue of ₹160 crore. The company grew its net revenue for FY23 by 60% over FY22 on the back of a 60% growth in its Credit Card issuances.
PYMNTS
JANUARY 20, 2021
In the intense tug of war in which brands engage for the love and loyalty of consumers, matters get rather more serious when discussing the austere nature of the banking hierarchy. 1 is Chase Mobile , followed by Capital One Mobile at No. 2, Bank of America Mobile Banking still at No. 5, finishing out this Top 5.
PYMNTS
JUNE 24, 2019
Capital One Financial Corporation announced Friday (June 21) that it has reached an agreement to acquire purchase-to-payment and credit management company BlueTarp. In a press release , Capital One pointed to augmented B2B finance capabilities as a result of the takeover, particularly for small and medium-sized businesses (SMBs).
Accenture
AUGUST 20, 2019
Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. For the third straight quarter, Chase, Capital One and Synchrony led all issuers in purchase volume growth (over 10 percent YoY).
PYMNTS
JUNE 13, 2018
Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.
PYMNTS
FEBRUARY 27, 2019
Commercial card company Brex is rolling out a new card product designed to meet the specific needs of eCommerce businesses, the firm said in a press release Tuesday (Feb. When Brex first launched its initial commercial card solution last year, the company targeted technology startups. “Brex sees the world differently.
PYMNTS
JANUARY 12, 2021
As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. You may be familiar with the fact that Credit Karma (where Ribbit already has an investment) helps users scout for the best credit card deals and loans. As reported late last year , a U.S.
PYMNTS
OCTOBER 24, 2019
Capital One ’s domestic card business provided strong results and continued to pick up momentum, the bank said on Thursday (October 24). The financial institution (FI) said that, as of the end of Q3, the domestic card loans ending balance stood at $104.7 Credit card loans increased 1 percent to $113.7
PYMNTS
MARCH 10, 2020
In seed funding from well-known angel investors, corporate card FinTech Karbon Card has notched $2 million. Amit Jangir and Pei-fu Hsieh started Karbon Card last year. The firm offers an alternative to corporate cards. Hsieh said per reports, “Our vision is to empower all startups to achieve more through a Karbon Card.”.
Bank Innovation
FEBRUARY 7, 2019
JPMorgan Chase had the highest "buzz ranking" among banks in 2018, according to YouGov's Brand Index, an annual poll measuring which brands are considered the best by consumers. The Buzz […].
The Financial Brand
AUGUST 24, 2023
This article How Proposed Capital Rules Could Hit Credit Cards, Mortgages and More appeared first on The Financial Brand. This article How Proposed Capital Rules Could Hit Credit Cards, Mortgages and More appeared first on The Financial Brand.
Accenture
MAY 30, 2019
Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Chase, Capital One and Synchrony continue to lead issuers with purchase volume growth of over 8 percent YoY?. New partnerships.
BankBazaar
MAY 7, 2024
BankBazaar.com, India’s leading fintech co-branded Credit Card platform and online platform for free Credit Score, marks its third consecutive year of fast and sustainable growth, with an unaudited operating revenue of Rs.215 in co-brand Credit Cards in force compared to the previous year. 215 Crore in FY24.
PYMNTS
FEBRUARY 18, 2019
Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers. businesses to check their credit profiles.
Payments Source
OCTOBER 21, 2019
The credit card lender responded to the closing of Toys R Us stores last year by issuing Synchrony-branded cards to the retailer's customers. Now it's testing a general-purpose card with a wider array of clients.
PYMNTS
JANUARY 29, 2020
Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Increasingly, the corporate card industry is also looking at ways to take advantage of the unique challenges in particular industries. Mastercard Expands EU Biz Card Offerings.
South State Correspondent
FEBRUARY 22, 2024
Banks consistently produce under their cost of capital. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. As an industry, we misallocate capital. However, if you want to build a legacy institution, then your capital should be longer.
PYMNTS
JANUARY 7, 2021
7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.
PYMNTS
MARCH 11, 2020
B2B FinTechs are once again showing off the versatility of the corporate card. While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. QuickBooks Adds Card Payment Support.
PYMNTS
AUGUST 26, 2019
To provide men’s personal care items that feel like premium brands at accessible price points, eCommerce innovators are building product lines through the direct-to-consumer (DTC) model. Founder Matt Mullenax was inspired to start the brand after cutting his teeth in the DTC world as an early employee at Bonobos.
PYMNTS
OCTOBER 21, 2020
Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Coupa Connects With American Express For B2B Virtual Card Payments.
PYMNTS
FEBRUARY 21, 2020
Transactions are easy to spot and show identifying information like brand logos. Commercial Cards and Payments — and before working at Amex, Duseja held a position at Accenture. Cashplus is upgrading its mobile app with the Google maps spend tracking feature, the company announced on Thursday (Feb. Cashplus also applied for a full U.K.
PYMNTS
DECEMBER 26, 2019
It also looks at how banks, card networks and other expense management providers are competing to lure SMBs to their platforms over those of competing services. The bank will soon offer its SMB clients a co-branded corporate card for expense management. How Sysco Uses Credit Cards For More Robust Spend Management.
PYMNTS
NOVEMBER 4, 2019
Also, Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple -branded credit card. And Capital One is back online after a major outage. Goldman Extends $10B In Apple Card Credit In First Month. Apple Card? Capital One saw an outage on Friday (Nov.
Bank Innovation
MARCH 23, 2016
This week we’ve kept an eye on Capital One’s March 14th relaunch of #RoadToOne hashtag, the bank’s proprietary handle on its sponsorship for NCAA’s March Madness basketball tournament. million, CapOne’s branding is clearly winning more followers than a bank would otherwise expect.
PYMNTS
MAY 29, 2019
Although the three strong brands have been consolidated under one entity, they will continue to operate independently within their distinctive markets,” said Sureswipe MD Paul Kent, according to IT Web. “We However, all three entities will operate separately. We believe each provides a distinctive client solution.
PYMNTS
NOVEMBER 6, 2019
Commercial card startup Brex is collaborating with BNP Paribas subsidiary Bank of the West. 6) that startup clients of Bank of the West will gain access to a co-branded commercial credit card. In addition to the card, startups can gain access to Brex’s expense management and rewards offerings, and automatic receipt data capture.
PYMNTS
JUNE 28, 2019
credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It To acquire the Bank of Ireland’s U.K.
Bank Innovation
FEBRUARY 23, 2016
We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More. When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does.
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