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.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
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
FEBRUARY 10, 2020
Capital One is determined to turn its digital assistant Eno into an affable, personal finance watchdog to build loyalty between the brand and customers. Three years after Eno’s launch, the bank is adding capabilities that go beyond simple balance inquiries to proactive insights on customers’ spending behaviors.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
OCTOBER 19, 2020
“You're no longer bound to the few brands you engage with,” she said. You really have a myriad of options, whether you're engaging with somebody on Instagram, [shopping with] a new brand or a B2C brand. For luxury now, all of a sudden there [is] competition.” . The Market’s Latest Entrant: Amazon Luxury Stores .
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
AUGUST 6, 2020
Japan’s history of mobile payments progress is one of the more curious stories in the field. And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster. Abrahamson said the government is also giving merchants incentives to buy contactless terminals.
PYMNTS
JULY 28, 2020
Men’s Wearhouse owner Tailored Brands might seek bankruptcy in the third quarter of its fiscal year, according to a 10-Q regulatory filing with the U.S. Tailored Brands said the pandemic had a significant effect on its business, as has been the case with a number of merchants. Securities and Exchange Commission (SEC). “We
The Financial Brand
MARCH 4, 2024
This article How Capital One’s Bid for Discover Could Shift Payments Competitive Balance appeared first on The Financial Brand. If Capital One successfully picks up Discover's payments network, the result will be a major realignment of the payments space.
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).
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.
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. Plus, Intelage has notched $3.5
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
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
JUNE 8, 2020
With delayed and late B2B payment terms continuing to raise concerns throughout supply chains around the world, some of the biggest brands have taken measures to support the cash flow of their vendors. ’s Prompt Payment Code, according to recent reports , including IBM and BT. One in four U.K. One in four U.K.
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
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.
The Financial Brand
OCTOBER 3, 2023
This article Where Ribbit Capital Sees Fintech Opportunities appeared first on The Financial Brand. Fintech funding is still slow, but a major venture capital firm sees growth opportunities, including in commercial payments and generative AI.
PYMNTS
JULY 25, 2018
Bloomberg reported Tuesday (July 24) that eBay will begin offering merchants up to $100,000 in financing through Square Capital. Earlier this year, eBay announced it would be shifting its payment processing needs from PayPal to Adyen. Square Capital is likely to see a significant boost to its financing volumes.
PYMNTS
SEPTEMBER 1, 2020
Cornerstone Brands plans to acquire payments processor FXPress in a deal that also includes a sale of the existing Cornerstone business and restructuring of capital, according to a press release emailed to PYMNTS. FXPress provides advanced payment systems through a Platform-as-a-Service agreement.
PYMNTS
FEBRUARY 23, 2020
Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb. ” Fowler was initially arrested for his alleged role in operating Global Trading Solutions, which may be tied to Crypto Capital. .”
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.
PYMNTS
AUGUST 8, 2019
Afterpay, the leader in “buy now, pay later” payments, said in a press release that its second bi-annual two-day sale, Afterpay Day, will take place Aug. The company will partner with top fashion and beauty brands and retailers for the event, which offers its two million U.S. customers access to special promotions. many others.
PYMNTS
JANUARY 18, 2018
Within China, sales of brands from Gucci to Chanel, which have been sluggish for years, rose at the fastest pace in five years in 2016 and are positioned to consolidate those gains in 2018. 2017 saw a global recovery of the luxury retail market due to their affinity for high-end brands.
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. X1 Co-Founder and CEO Deepak Rao said in a Thursday (Jan.
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
OCTOBER 5, 2020
Extended payment terms and late payments are a nasty problem in the B2B payments arena, particularly amid pandemic-fueled market volatility. According to Marc Porter , CEO of Porter Capital Corporation , this has indeed been a growing problem throughout supply chains. "We The Big-Box Struggle.
The Financial Brand
OCTOBER 3, 2023
This article Where Ribbit Capital Sees Fintech Opportunities appeared first on The Financial Brand. Fintech funding is still slow, but a major venture capital firm sees growth opportunities, including in commercial payments and generative AI.
PYMNTS
JULY 18, 2020
Though the coronavirus pandemic has highlighted the impact of late B2B payments in the U.S. vendors struggling with delayed payments — the matter is, and always has been, a global one. Gap Reverses Vendor Payment Course. NAB Warns Of Spiking Late Payments. billion) in late payments every year. both due to U.S.
PYMNTS
SEPTEMBER 18, 2020
Online platforms have done much to transform payments — especially in terms of transparency, speed and distribution — across any number of verticals from ride-hailing to food delivery. And we felt that we could create an offering to give them access to more capital.”. Or accountants did not do much accounting.
PYMNTS
OCTOBER 25, 2019
Yet, small business (SMB) banking wasn’t the only highlight of this week’s B2B venture capital roundup, with the two largest fundraises showcasing China’s rising B2B FinTech ecosystem in areas like expense management and invoicing. As part of its rebrand , blockchain payments firm BitPesa is now AZA Group.
PYMNTS
SEPTEMBER 20, 2019
It too had a big payments play to lead off with, as well as its ongoing efforts to develop the larger family of Walmart connected brands. consumers who prefer cash payments can leverage the Amazon PayCode at checkout and then pay with cash at any of Western Union’s 15,000 locations, according to an announcement. Next week, Sept.
PYMNTS
NOVEMBER 12, 2020
Plus, Afterpay launched a cross-border payment option for merchants. banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. shoppers with installment payments next year. Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options.
Bank Innovation
MARCH 15, 2019
CEO scandals, pulled IPOs and sinking stock prices, have taken the luster off previously high-flying brands. But over the last 12 months, warnings that first signaled in 2016 have been flashing brighter. Big banks have finally woken up […].
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
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.
PYMNTS
NOVEMBER 11, 2020
In today’s top payments news around the world, Indonesian FinTech LinkAja closed a Series B funding round headed up by Grab, while Nigeria-based Kuda landed $10 million after a funding round. Plus, Canadian payment services company Interac is collaborating with Walmart Canada to expand debit card payment methods in store and online.
PYMNTS
JANUARY 7, 2021
Silicon Valley buy now, pay later (BNPL) startup Uplift has closed a $68 million credit line deal with Atalaya Capital Management. . Uplift's BNPL solution can be used at leading global travel brands such as United Airlines, Carnival Cruise Line, Southwest Vacations and others. 7) press release.
PYMNTS
JUNE 8, 2020
Indian FinTech Infibeam Avenues , which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. In the announcement , the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment services.
PYMNTS
JULY 1, 2019
Between the big news about Libra and the segment-wide spin-up for Prime Day in two weeks, one might have assumed we have hit something of a lull between news events, if for no other reason than to let the big payments and commerce players catch a breather. Capital One Snaps up BlueTarp.
PYMNTS
JANUARY 20, 2021
The Chinese government is preparing to crack down on what it views as antitrust behavior in the payments sector by tech giants such as Ant Group and Tencent Holdings. Payment companies that already possess state licenses will be given one year to comply with the new regulations.
Bank Innovation
OCTOBER 22, 2019
Payments giant Mastercard has acquired Boston-based SessionM, a nine-year-old software company that helps clients improve customer relationships through data analysis.
PYMNTS
JUNE 15, 2020
For global traders, emphasis continues to be placed on the urgency for corporates in a strong financial position to support their supply chains through on-time — and in some cases even accelerated — payments to suppliers. And physical disruptions in the manufacturing or delivery of goods have been delaying payments.”
PYMNTS
FEBRUARY 21, 2020
The Spending Insights tool uses data from Google Maps to find out where and when a payment was made. Transactions are easy to spot and show identifying information like brand logos. The tool also categorizes payments so people can track business spending and tag payments to a specific job or client.
CB Insights
JUNE 17, 2021
FamPay , a payments platform for teenagers, has raised $38M in a Series A. The round drew participation from Sequoia Capital India, General Catalyst, Elevation Capital, and Y Combinator, among others. Bangalore-based FamPay provides a mobile payments card and app for teenagers under parental supervision.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content