PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. X1 Card Raises $12 Million In Funding Round Led By Spark Capital.

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PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches. Nium Uses Cards For Credit.

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PYMNTS

JANUARY 9, 2019

In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. New York has banned the ban. What’s in a name, then?

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PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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PYMNTS

AUGUST 14, 2019

As credit card skimmers have gotten smarter, they have also gotten easier to detect, thanks to Bluetooth broadcasting that announces the presence of enabled devices. Now there is an app that can wirelessly reveal the thievery technology, as reported on Wednesday (Aug. student Nishant Bhaskar. states, the report noted.

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CB Insights

MAY 18, 2021

Payments giant Stripe has acquired Bouncer, a card-scanning and authentication solution, for an undisclosed amount. The company’s team and technology will be integrated into Stripe Radar, its anti-fraud platform. WHO ARE THE PARTIES TO THE DEAL? The company is currently valued at $95B. Want the full post?

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PYMNTS

JANUARY 11, 2021

The company said the setup “democratizes point-of-sale technology by turning an Android smartphone or tablet into an acceptance device — allowing businesses to accept contactless payments (and) minimizing the need to invest in hardware terminals or extra features.” NMI offers “card payment gateways, processing over 1.2

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BankInovation

SEPTEMBER 15, 2020

on Tuesday ended its longtime card partnership with Barclays Plc, a move designed to focus attention on its own Apple Card product-financing plans.

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PYMNTS

SEPTEMBER 11, 2019

Today in the payments news roundup, Stripe announced the creation of a corporate card. Beyond technology based on voice, the company has also invested in a broad range of solutions that encompass a new loyalty program, mobile apps, and even self-driving delivery vehicles. Gig Economy Could See Overhaul Under New California Bill.

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PYMNTS

SEPTEMBER 18, 2019

This is why some construction firms — such as Redwood City, California-based DPR Construction , which has two dozen offices in the U.S. and divisions in the Netherlands, Singapore and South Korea — have embraced offerings like virtual and purchasing cards that expedite the payment workflow. . Making Virtual Cards A Reality .

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PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

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Gonzobanker

MARCH 9, 2022

The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. Through all the fun of bank techies getting rich and new players throttling old models, bank technology is still a gritty mess of hard work.

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BankInovation

SEPTEMBER 15, 2020

on Tuesday ended its longtime card partnership with Barclays Plc, a move designed to focus attention on its own Apple Card product-financing plans.

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MyBankTracker

MAY 13, 2021

When you need to buy something with a debit card or pay a bill with a check, the money comes out of the account. If you live in California and need to open a new checking account, these are some of the best options available. The Largest Banks in California. The largest banks in California, by deposits, are: Bank of America.

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MyBankTracker

FEBRUARY 26, 2021

Like a number of AAA-affiliated insurers, the Automobile Club of Southern California (ACSC) Insurance, offers discounted insurance, and other financial products to AAA members. What is Auto Club of Southern California? The AAA and its partners have won a number of awards for categories like value, customer service, and technology.

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PYMNTS

JULY 23, 2020

So, how are CUs changing their card innovation plans to match their current members’ demands and attract new potential members? This is just one of many questions PYMNTS, in collaboration with PSCU , set out to answer in the Credit Union Innovation Playbook: Card Trends Edition. Moreover, 89.4 Moreover, 89.4

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PYMNTS

DECEMBER 16, 2020

Plus, Barclaycard is launching a Barclaycard Precisionpay Go system to let companies issue virtual cards for the online business expenses for employees. . FIS, the bank software and payment technology firm, unveiled a collaboration with Quontic Bank on the Bitcoin Rewards Checking Account. Barclaycard Debuts New Virtual Card Platform.

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PYMNTS

SEPTEMBER 23, 2020

states by COVID-19, California has been comparatively slower to reopen. has lent its loud and powerful voice to increasing calls that the state allow Disneyland and Disney California Adventure Park to reopen. We are offering technology solutions that make it easier for our guests to minimize contact and maintain physical distancing.

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PYMNTS

SEPTEMBER 24, 2019

Credit cards can partially solve this problem, but issuing them to a legion of supervisors, subcontractors and workers presents another set of issues, including fees. This is why solar installation company Borrego Solar Systems is managing expenses with payment cards instead. It’s either use the card or it doesn’t happen.”.

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PYMNTS

JANUARY 28, 2019

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

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PYMNTS

OCTOBER 8, 2020

Marqeta , the high-flying card issuing platform, is getting a financial boost from a longtime business partner, Mastercard. The California-based FinTech, whose open API platform enables companies like Square, DoorDash and Instacart to issue credit and debit cards and process payments, announced Thursday (Oct.

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PYMNTS

JULY 24, 2020

In February, Revolut raised $500 million in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. It boasts more than 12 million customers.

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PYMNTS

AUGUST 11, 2020

Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. Other investors included Menlo Park, California-based TCV and Index Ventures , the global venture capital firm with dual headquarters in San Francisco and London, along with half a dozen others. million (£106.5

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PYMNTS

APRIL 12, 2019

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. million in seed funding, Back Office, based in Florida, plans to enhance the technology behind its small business accounting automation tool. Back Office.

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PYMNTS

JUNE 4, 2020

Ondot Systems , a digital services platform for credit and debit card issuers, said it is partnering with Visa in a new program. The agreement enables cardholders to add Visa cards instantly to their digital wallets. Digital card use is one of the key drivers of card choice.

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PYMNTS

DECEMBER 22, 2020

Many firms are eying new technologies that could accelerate their global B2B transactions amid these shifts. Virtual cards are seeing growing interest from B2B companies during the ongoing pandemic because they allow businesses to make and receive payments digitally with an additional layer of security. trillion reported in 2019.

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PYMNTS

NOVEMBER 10, 2020

The new solution also helps shield merchants from fines related to GDPR and the California Consumer Privacy Act (CCPA) noncompliance. . Violation of these Regulations and Acts, carry enormous penalties, ranging up to 4% of the business’ annual global revenue or $20 million Euro,” said Adam Gluck, chief technology officer, PAAY.

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PYMNTS

JULY 28, 2020

One of the issues the House Judiciary Committee’s Subcommittee on Antitrust, Commercial and Administrative Law is sure to ask is whether the California-based global technology company’s $46 billion App Store ’s practices give it an unfair advantage over independent software developers.

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PYMNTS

FEBRUARY 11, 2020

Customers can then pay invoices immediately with a credit or debit card. Square is headquartered in San Francisco, California and was founded in 2009 by Jim McKelvey and Jack Dorsey. Small and medium-sized businesses (SMBs) using Xero can email invoices with the built-in Square payment functionality. and Ireland.

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PYMNTS

JUNE 26, 2019

The purchase will add engineers to the company’s ranks, along with other individuals who have knowledge about the technology and how it works. . The self-driving startup had recently filed a notice in California about plans to close the business and lay off its workers, which numbered around 90. raised in venture capital.

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PYMNTS

JUNE 29, 2020

The Palo Alto, California startup said the no-fee account is the company’s latest move to build a next-generation banking service that is branchless, automated and optimizes every dollar. A debit card can now be added to the Wealthfront Cash Account to make purchases and get cash from a nationwide network of fee-free ATMs.

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PYMNTS

SEPTEMBER 24, 2020

New moves from automakers and credit card companies are pushing vehicle commerce — or v-commerce — forward with new data showing it could reach critical mass by the end of the decade. The connected car is fast becoming the transactional car. One of the reasons behind the bullish attitude is the Tesla Autopilot system.

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South State Correspondent

OCTOBER 26, 2023

Identity management, ID proofing, preventing account takeovers, limiting card-not-present risk, the rise of social engineering on remote workers, and more cyber-crime-as-a-service offerings had most of the buzz. This will present some customer experience and technological hurdles for many financial institutions.

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PYMNTS

SEPTEMBER 22, 2020

It’s a bid to boost the Cupertino, California-based technology giant’s hardware sales and services business, PYMNTS reported. That means users don’t have to offer card details when they make purchases, as NFC World reported. Given the pandemic, the Apple Watch can help monitor blood oxygen levels and cardio fitness.

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PYMNTS

JUNE 25, 2020

The ongoing pandemic has resulted in a surge of cybercrime, with a survey from California-based tech company VMware finding that such attacks against the financial sector increased by 238 percent between February and April this year. Developments Around the Financial Crimes Space. million in losses and a median loss of $459 per incident.

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PYMNTS

JULY 1, 2019

but where innovations in mobile payments, the Internet of Things (IoT) and autonomous vehicle technology have opened doors for FinTech firms to tackle some of the biggest challenges from new angles. One of the biggest opportunities is in fleet payments, where cash and checks remain prevalent (particularly in the U.S.),

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