Bank Innovation

DECEMBER 7, 2016

Year-old Citi Fintech, the digital banking sub-brand of Citigroup Inc., That may seem like a long time by startup reckoning, but it’s not so bad for a (gigantic, regulated, global) bank. The unit announced Monday that it had built a new mobile experience for Citigold card members Read More. has launched its first product.

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Fintech Digital Banking Regulation Branding 150

PYMNTS

AUGUST 14, 2019

Grovara, a technology company that operates a B2B platform to streamline global trade for U.S. wellness brands, has announced it is joining Stripe’s partnership program. Stripe’s role includes enhancing efficiencies in virtual card payment processing within the Coupa Pay platform for B2B vendors that accept v-cards.

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Cards Operations Payments Technology 128

Chris Skinner

MARCH 15, 2017

Building on my challenger bank discussions, there’s some interesting points coming out of a new report by Price Waterhouse Coopers (or Playing the Wrong Cards as they’re now called, after the Oscars) on challenger banking. It’s well worth a read, especially as they found that having branches is more important than mobile apps.

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Regulation Retail Survey Mobile 291

PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Gift Cards’ New Unfavorable Fans. As of September 2018, losses from gift-card fraud have hit $53 million.

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Data Fraud Cards Regulation 134

PYMNTS

SEPTEMBER 2, 2019

percent) express satisfaction with using virtual cards to settle invoices. Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer. Elevating the Commercial Card.

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Payments Cards Tools Technology 186

PYMNTS

MARCH 7, 2019

The Reserve Bank of India (RBI) made a move on Thursday (March 7) to relax the rules for white-label ATM operators, enabling them to purchase wholesale cash from the bank. These ATM providers are owned and operated by non-bank companies on behalf of the banks.

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ATM Operations Regional Regulation 108

PYMNTS

DECEMBER 10, 2018

It’s the decoupled debit card. Capital One made the headlines then – a genius move, many called it at that time, for an issuer that lacked demand in deposit accounts and had no other way to provide a debit-like offering that would make their brand sticky to consumers. Merchants paid less when they accepted those cards.

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PYMNTS

JULY 24, 2020

The collaboration is expected to give Visa’s global merchant and card network access to M-Pesa’s financial services network. The company launched an online store using an eCommerce platform service from China-based Alibaba where it now offers features tailored to appeal to how consumers in the nation prefer to engage with their brands.

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Compliance Report Payments Security 152

PYMNTS

OCTOBER 2, 2019

And you can bet (sorry) that this fall, more of that money is going through not only mobile channels, but via more prepaid cards and other innovative methods. in the coming years will almost certainly be the prepaid card aspect. You have enormous brands and massive amounts of consumers involved. elections.”. elections.”.

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PYMNTS

MAY 7, 2020

Kindred Group operates the online casino and sportsbook service Unibet. Kindred Group, which also supports gambling platforms in Europe and Australia, has been operating its Unibet brand in New Jersey and Pennsylvania for about a year. The ways gambling winnings can be paid out in the U.S. in the next year. Complying with U.S.

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Online New Jersey Pennsylvania Regulation 142

PYMNTS

AUGUST 9, 2017

Some question whether the card-payment network operator will be able to overcome the struggle to “remain relevant” in a market that is quickly changing — and where consumers may soon be leaving card-based payments behind entirely. Literally every business and brand in China is plugged into this ecosystem.”.

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Payments Apple Cards Mobile 116

PYMNTS

JANUARY 17, 2019

is to pay federal and state regulators penalties of $11 million for allegedly opening fake store card accounts. Sterling Jewelers, a subsidiary that operates over 1,500 locations across the country with different brands, signed the settlement, The Wall Street Journal reported.

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Regulation Policies Cards Meeting 116

PYMNTS

NOVEMBER 15, 2019

Goldman Denies Discriminatory Apple Card Practices, Says It Will Reassess Limits. Goldman Sachs has promised to reevaluate how credit limits are determined for Apple Card users after being accused of gender discrimination. The branding will reflect the financial institutions and not Google. Google Dives Into DDAs.

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Google Payments Apple cryptocurrency 139

PYMNTS

JANUARY 28, 2019

It is also, according to reports, a favored new method by thieves, who will access someone else’s credit card information, use it to create a Fortnite account and then buy V-bucks, the game’s currency. Capital One ’s further reprots domestic card loans increased 8 percent or $5.8 Credit card loans increased 5 percent to $116.4

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Video Data Google Cards 128

PYMNTS

MAY 3, 2019

The violations involve “issuance and operation of Prepaid Payment Instruments (PPIs), in connection with certain product features of an open loop prepaid card (co-branded) previously issued by the bank,” Yes Bank said.

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Guidelines Regulation Report System 116

PYMNTS

NOVEMBER 1, 2018

These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. In California, where WAYV operates, and where the legal cannabis market is expected to reach a $5.1 It’s the dual-edged sword of regulation for the cannabis market.

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Taxes California Regulation Innovation 122

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. COVID has put pressure on brands to find solutions for their direct-to-consumer [D2C] strategy,” he said.

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PYMNTS

JANUARY 29, 2019

Which brands will blow it? Will Tom Brady turn in his jersey after the game for an AARP card and hit the celebrity golf circuit? In the meantime, what should businesses that want to operate in that new world do besides sit around and wait? The focus needs to be in a different place,” Cohen said about those operations.

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Online Las Vegas New Jersey Fraud 169

PYMNTS

OCTOBER 9, 2019

Today’s payment news roundup includes a look at more fears and concerns around Libra, the spreading losses related to Uber and WeWork, fresh PYMNTS research on subscription commerce and churn and a new tool that enables small and medium-sized business (SMB) operators to access their funds instantly via digital and mobile channels.

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Payments cryptocurrency Operations Regulation 145

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 70 percent.

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Payments Regulation Security Data 195

PYMNTS

AUGUST 14, 2019

A group of Nordic banks have selected Mastercard to overhaul its financial services operations for the region. The platform, which relies on InstaReM’s existing global digital ecosystem that supports payments and remittances, enables companies to more easily issue branded cards without having to obtain multiple licenses.

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Fintech Payments Cards Regional 168

PYMNTS

JULY 21, 2020

Mastercard on Monday (July 20) announced the expansion of its cryptocurrency partner program to streamline the process for crypto-wallet providers to issue secure, compliant payment cards to their customers. It’s issuing Mastercard-branded payment cards that will allow consumers to pay with cryptocurrency reserves. “We’ve

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cryptocurrency blockchain Bitcoin Examples 318

PYMNTS

JANUARY 29, 2018

Alipay is continuing its global expansion, forging new partnerships with French apparel brand Lacoste and Verifone. Meanwhile, merchants doing business in, or with, the European Union, are facing a new set of payment regulations. The past few weeks delivered several notable disruptions to the world of international payments.

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blockchain Trends Policies Branding 111

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.

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Cards Fintech UX Strategy 71

PYMNTS

JUNE 29, 2017

From credit card companies to retailers and consumers, there are many key stakeholders in the commerce process, both on and offline. Keeping in line with eCommerce’s rise, we’re seeing more companies align themselves with a particular credit card company to increase brand recognition and awareness.

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Payments Retail Branding User Experience 143

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

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Cards Millennials Regulation Cyber Security 100

PYMNTS

MAY 6, 2019

The penalty was levied in the wake of violations that involved the “issuance and operation of prepaid payment instruments in connection with certain product features of an open loop prepaid card (co-branded) previously issued by the bank,” according to Yes Bank. lakh (roughly $1.6

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National Fintech New York Exercises 165

PYMNTS

SEPTEMBER 11, 2019

Nicolas Dinh , chief operating officer of year-old Canadian financial startup STACK , recently spoke with PYMNTS about the key forms of fraud that nascent mobile financial services firms face and how companies can leverage security technologies and partnerships to gain customers’ trust. Fighting Fraud Visibly and Invisibly.

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Security Fraud Mobile Cards 113

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. The card networks enable instant payments today, too. It flew in on Dec. Here’s where the canary flew in.

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Payments System Innovation Cards 194

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Regulation. Why are they doing so well? Profitability.

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Innovation Metro Apple Marketing 150

PYMNTS

SEPTEMBER 29, 2017

Through the EU’s passporting system, the new license enables PingPong to operate throughout the continent, thus better facilitating eCommerce transactions between China and Europe through PingPong’s cross-border eCommerce payments services. PingPong has shown it can operate in the sound regulatory environment in the EU.

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Security Payments Fintech United States 129

Gonzobanker

DECEMBER 14, 2023

Under Stuart’s leadership over the past 17 years, OnPoint has gone from under $2 billion in assets to knocking on the door of $10 billion, all while becoming the most recognized financial brand in the Portland market and achieving some of the industry’s best profitability in 2023. The Bank Regulator Working for Merchants Award!

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Fintech Community Regional Technology 194

PYMNTS

NOVEMBER 23, 2020

You're not dealing with two-day settlement,” he stated, adding that interoperability also has the ability to foster sticky relationships between merchants and consumers, especially consumers who want perks and high reward cards or coupons. Enter Figure Pay – And The Barbell Effect . Looking Toward The Blockchain .

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National blockchain Montana Lending 215

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. which owns and operates two dozen gambling properties in seven states, including Nevada and Louisiana. technology hub.”.

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United States Online New York Louisiana 101

PYMNTS

DECEMBER 16, 2019

The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, stating the 2010s with a brand-new toolkit. There are Pays courtesy of mobile operating systems, like iOS/Apple and Android/Google and Samsung.

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Payments Innovation Cards Google 180

PYMNTS

FEBRUARY 18, 2019

I hosted a digital discussion last week with an executive from Sift with more than 15 years of experience building trust and safety organizations for some of the biggest digital brands in the world – including Google , Facebook and Square. Card Networks Want to Raise Their Prices. Amazon Takes Its Bite Out of the Big Apple.

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Cards Course Study New York 169

PYMNTS

JANUARY 1, 2020

The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, starting the 2010s with a brand-new toolkit. There are Pays courtesy of mobile operating systems, like iOS/Apple and Android/Google and Samsung.

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Innovation Cards Google Payments 174