Celent Banking

JULY 13, 2016

I must admit, I lost count how many times we at Celent have written and talked about unintended consequences of regulation. As most people know, PSD2 has introduced new card multilateral interchange fee (MIF) limits in Europe. Debit card transactions across Europe have been capped at 0.2% This is the latest installment.

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Abrigo

SEPTEMBER 20, 2023

A cheaper solution might be much more expensive to you, your brand, and your financial institution. Partner with a vendor that can provide a true ROI and explain its value and, potentially, a slightly higher price tag. Navigate your BSA exam with tips from this on-demand webinar.

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Software Fraud Training Regulation 195

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.

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Cards Charlotte Fintech Innovation 100

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag.

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Cards Data Mobile Survey 151

PYMNTS

APRIL 4, 2018

For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all. Who Petal Serves.

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Cards Regulation Groups Branding 133

PYMNTS

NOVEMBER 12, 2019

Meanwhile, Amazon is opening its first branded grocery store , and there are questions about discrimination and the Apple Card. Amazon To Open First Branded Grocery Store. Goldman Denies Discriminatory Apple Card Practices, Says It Will Reassess Limits. Former U.S. 11) before confirming the news.

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Apple Cards Tools Branding 101

PYMNTS

NOVEMBER 12, 2020

urged antitrust regulators to act fast in enforcement toward Google. The funding is being earmarked to launch credit cards-as-a-service in the U.S. as well as 21 European Union (EU) countries — sent a letter to antitrust regulators asking that they throw the book at Google as fast as possible.

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PYMNTS

FEBRUARY 15, 2019

The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards.

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Cards Course Security Fraud 224

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits.

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Cards Technology social media Meeting 131

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

JANUARY 28, 2019

Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases.

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Regulation Boston Cards Innovation 181

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.

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Capital Cards Regional Branding 29

Payments Source

OCTOBER 25, 2017

As Visa continues its long reintegration of Visa Europe, the card brand is tackling the continent's changing regulatory environment — and is sending its top executive overseas to address its needs.

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Regulation Branding Cards Compliance 62

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

MAY 3, 2020

Instead, RBS said Friday (May 1) that it would “wind down Bó as a customer-facing brand” in only a half-year since the neo bank was rolled out to the public. RBS is looking to focus resources on Mettle, the second of its two digital-only challenger brands.

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Branding Resources Digital Banking Regulation 181

PYMNTS

AUGUST 11, 2016

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. According to a report by Reuters , the U.S.

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The Financial Brand

APRIL 28, 2021

The post Big Techs in Finance Will Test Regulation and Policy Levers appeared first on The Financial Brand. Traditional banks feel like new competitors can do as they like but finding regulatory fairness will be harder than many realize.

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Policies Regulation Branding Google 40

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

OCTOBER 20, 2016

This strategy looks at authentication in all channels on any device and at any time for all cards within Mastercard’s brand portfolio. During his time with HSBC he delivered a global Internet Payment Gateway solution for HSBC and was instrumental in developing their products and services surrounding Card ePayments and Security.

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Security CA Cards Strategy 100

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

JULY 29, 2019

FINRA’s regulations state that most employees at the firms it oversees must be screened for criminal history as well as fingerprinted, regardless of whether the employee is registered with FINRA or involved with investment decisions.

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Branding Cards Regulation Report 108

Payments Source

JULY 9, 2019

card brands are already pushing Indian regulators to relax their data storage rules, and a new quirk in the country’s tax code creates a battle on an entirely different front.

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Taxes Regulation Branding Cards 71

PYMNTS

JANUARY 20, 2020

With an eye on segment performance, she said JPMorgan Chase card, merchant services and auto revenue were up 9 percent driven by higher card NII on loan growth as well as the impact of higher auto lease volumes. credit and debit cards. Debit card point-of-sale purchases, as measured by volume, were up 6 percent to $95.2

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Cards America Course Mobile 134

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

JANUARY 10, 2019

Very few of the participants in the payment ecosystem are remotely ready,” he said, “and that goes for the card brands and the payment service providers.”. To get there, he said, PSPs and the card schemes can help guide merchants through new compliance territory. Delving into SCA. Looking for Exemptions.

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Guidelines Compliance Fraud Cards 173

PYMNTS

SEPTEMBER 20, 2018

and most of the selection will carry the Jack’s brand. Although the Jack’s stores will not offer online ordering or take the Tesco’s loyalty card, pricing will be similar to “exclusive to Tesco” items in the retailer’s mainstream stores. And in January, a competition regulator approved the company’s 3.7

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Cards Retail National Regulation 134

PYMNTS

FEBRUARY 1, 2019

The failure to formally accept applications from two of the biggest credit card brands in the world seems to be proof of that. 30, Visa CEO Al Kelly said, “We continue to work closely with the Chinese regulators and government to understand how to best proceed through the application premises,” according to Quartz.

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Cards Regulation Branding Payments 171

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

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

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

MAY 7, 2020

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 vast majority of other payouts are handled by ACH or prepaid cards, which are relatively faster but do not support instant funds access. in the next year.

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Online New Jersey Pennsylvania Regulation 142

PYMNTS

MARCH 31, 2020

MatchMove’s LightSpeed solution won top honors in the category “Best Payments Innovation of the Year” in the 4th Payments and Cards Awards 2019 held in Mumbai, India. MatchMove said LightSpeed is a “powerful, out-of-the-box solution, which enables you to launch your own branded payments platform within minutes.”.

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Fintech Regional Security Lending 168

Cisco

NOVEMBER 15, 2022

Venmo solved a problem of an individual wanting to pay another individual (or even small business) without having to use cash, check or even debit/credit card. The emergence of open banking has dramatically changed the way people and small businesses manage their money and interact with financial tools and brands.

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Innovation Security Innovation Strategies Data 160

PYMNTS

AUGUST 14, 2019

wellness brands, has announced it is joining Stripe’s partnership program. The payments technology company has also recently turned its focus to the friction associated with strong customer authentication ( SCA ), a PSD2-related regulation in Europe designed to strengthen identity verification of two transacting parties.

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Cards Operations Payments Technology 128

Payments Source

JULY 5, 2018

appeals court is the latest of many episodes in a battle between merchants and card brands that has influenced regulations, technology, market strategies and nearly all other aspects of the payments ecosystem. This week's ruling from a U.K.

Marketing Strategies 69

Marketing Strategies Payments Strategy Regulation 69

PYMNTS

MARCH 5, 2018

This week saw three very big names in retail and payments weigh in on the debate over gun control in an attempt to push the market toward regulating itself with or without government intervention. And DICK’S wasn’t the only big brand looking to change its role in this story. We had a pit in our stomach,” Stack told CNN. “We

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Regulation Data Regional America 108

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