PYMNTS

SEPTEMBER 14, 2020

In short, it’s a world where access to capital and legal advice is welcome. In mid-August, the company announced that it will infuse $100 million in capital into the Amazon seller system, along with legal and marketing advice. So we looked at the financing end, and then all of those lending options.

Capital 214

Capital Long Beach Branding Guidelines 214

PYMNTS

FEBRUARY 5, 2020

Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk is and where losses may loom — is as much art as science. Within that tally, allowances for credit cards have almost doubled, rising by $5.5 Peeking Under the CECL Hood.

Conference 141

Conference Cards Lending Capital 141

Gonzobanker

APRIL 14, 2021

In 2020, almost all financial institutions saw record growth in Small Business Administration lending with the Paycheck Protection Program, mortgage origination and home equity loans, and deposits. A slowdown in that momentum is already evident in 2021, especially with more traditional lending and interchange revenue. Contact me.

Analytics 167

Analytics Cards Lending Strategy 167

PYMNTS

OCTOBER 31, 2018

News came this week that at least two credit card firms are tightening standards that are tied to their cards — and doing so right when the economy seems to be humming. And consumer confidence, as noted by the latest data, is at an 18-year high, which of course indicates at least some propensity to spend.

Cards 115

Cards Phoenix Capital Course 115

PYMNTS

JUNE 8, 2020

billion hit in April, with revolving debts like credit cards taking the hardest hit — falling by a steep 64.9 In some cases, credit-card holders increasingly complain about banks slashing their credit limits or canceling their cards involuntarily. According to the latest Federal Reserve data , U.S. consumer borrowing dropped 19.6

Cards 144

Cards Millennials New York Lending 144

PYMNTS

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments.

Lending 100

Lending Apple Cards Study 100

PYMNTS

JUNE 15, 2020

The pandemic has seen a flurry of capital raising as firms across all verticals have sought to shore up their balance sheets. As we noted in this space back then, miles are a way to keep airlines and various credit cards top of mind and top of wallet for consumers. United’s move follows other airlines’ similar fundraising efforts.

Strategy 249

Strategy Cards Course Examples 249

PYMNTS

JANUARY 18, 2017

That partnership trend appears to be permeating other areas of SME financial services, with the latest tie-up to be between OnDeck Capital and WEX. For WEX clients, that not only means money to expand businesses but that means a chance to finance the services they buy from WEX, including fleet card solutions. Announced Tuesday (Jan.

Lending 100

Lending Cards Capital Online 100

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. percent annually.

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Lending Cards America New York 105

PYMNTS

MARCH 30, 2020

As COVID-19 saps consumer demand across all manner of verticals, and small businesses bear the brunt of a sudden disappearance of revenues, the firms that lend to those SMBs are feeling heat, too. The absence of top line, which translates into cash, likely shuts at least some conduits for lending. staff, which has 500 employees.

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Lending FDIC Fintech Operations 151

PYMNTS

MARCH 30, 2020

Typically, the funds are used for working capital purposes. We note, too, that interest rates have plummeted in the wake of Fed rate cuts and declining Treasury yields, and so any variable rate resets are likely to offer less-than-stellar returns on this lending, as the banks have to put up the money to fund the revolvers.

Lending 140

Lending Operations Course Marketing 140

Payments Source

APRIL 26, 2017

All six big card issuers reported higher chargeoffs in their credit card businesses, a sign that the post-crisis era of exceptionally strong credit performance has run its course.

Cards 60

Cards Course Report America 60

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Blockchain, of course, isn’t only to blame. Marketplace Lending. Blockchain. Digital banks. Blockchain.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

SEPTEMBER 25, 2019

That can be easier said than done, of course, but in a new PYMNTS discussion with Karen Webster, Laurin Nabuko Hainy, founder and CEO at FairMoney , gave a tour of the emerging payments landscape in Nigeria and offered lessons that can be applied to other developing markets. Nigerian banks don’t like to lend,” Hainy said.

How To 130

How To Lending Digital Banking Examples 130

PYMNTS

JUNE 9, 2020

Allen & Company, Barclays Capital Inc., Chargeback said the funding will accelerate its growth and ability to help online and offline retailers decrease credit card disputes, achieve higher win rates and retain more revenue. Over the course of the lockdown, U.S. Morgan Stanley & Co., JMP Securities, Oppenheimer & Co.

Payments 130

Payments Retail Security Management 130

PYMNTS

JULY 8, 2016

Walmart Pay released its six-month report card , with some pretty interesting stats: ubiquity at all 4,600+ stores, high usage, high repeat usage, rave reviews from their users and a growing crop of brand evangelists that, Walmart Pay execs say, have become an effective recruiting engine. SMB Working Capital. Walmart Pay.

Lending 101

Lending Samsung Online Capital 101

PYMNTS

DECEMBER 4, 2018

News came this week that New York Attorney General Barbara Underwood has opened an investigation into small business lending – specifically, whether finance firms known as merchant cash advance companies have been engaged in abusing their smaller customers. Sky-high interest rates hitting small businesses … courtesy of small business lenders.

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New York Lending System Report 156

PYMNTS

MARCH 14, 2018

Today, alternative small business (SMB) lending company Fundbox is launching Fundbox Pay, a solution the company says will move its credit offering closer to the B2B transaction itself. Getting paid late often forces suppliers to turn to alternative forms of working capital when payment. What is your working capital?

Payments 102

Payments Cards Capital Lending 102

Jeff For Banks

NOVEMBER 19, 2014

Her answer: lack of capital. But in strategic planning retreats that I moderate, community financial institutions insist that they lend to small businesses. The second chart shows the primary sources of capital. But trade credit and credit cards also weigh in heavily. I posed this question to a Fed economist today.

Lending 93

Lending San Francisco Community Community Bank 93

PYMNTS

DECEMBER 7, 2020

The company, which focuses on payment services that enable other firms to take credit cards, debit and cash transactions online, had previously been public, but Blackstone Group took it private in 2017. In only the latest salvo, online payments firm Paysafe announced plans on Sunday (Dec. And as reported by CNBC Monday (Dec.

Online 161

Online Marketing New York Report 161

PYMNTS

APRIL 17, 2017

Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. Square, of course, moved from a small idea to a big idea fast, loaded to the gills with big plans and ambitions for the world of payments. Making it the most valuable set of glassware never sold. The Bumpy Road.

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Apple Capital Cards Payments 110

PYMNTS

MARCH 15, 2019

For now, there seems to be no second referendum on Brexit – which, of course, may have eventually brought things down yet another path, one where the U.K. Thus, consumers have the ability to cover bills more easily, and companies can manage working capital more efficiently. would, in fact, stay in the European Union. and the EU.

Apple 116

Apple social media Fintech Lending 116

PYMNTS

JULY 3, 2018

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. The first that comes to mind, of course, is when an entrepreneur is selling her business.

Data 100

Data social media Lending Tools 100

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Virtual card issuance. Business lending and corporate cards. Fraud prevention tools. Supporting merchant partner growth.

Online 98

Online Company Retail Payments 98

PYMNTS

OCTOBER 12, 2018

Consumers may feel a pinch (eventually) in the wallet, as credit card debt and mortgages become more expensive. That’s a lot of money, of course. Credit is the bulk of working capital. Stock markets around the globe seem to be in freefall. Interest rates are marching higher. Where The Risk Is … And Where It Isn’t.

Capital 131

Capital Course Management Lending 131

PYMNTS

MARCH 15, 2019

For now there seems to be no second referendum on Brexit, which of course may have brought things, eventually, down yet another path, one where the UK would in fact stay in the European Union. Thus: The ability for consumers to cover bills more easily, or for companies to manage working capital more efficiently.

Apple 101

Apple social media Fintech Lending 101

PYMNTS

OCTOBER 13, 2016

Kabbage is a data and technology platform that enables real-time lending. Our focus has always been on user experience and for them to get capital in less than ten minutes. The goal of all that money is, of course, to lend to small business owners. To date, the business has provided over $2.5 Fees range from 1.5

Regulation 100

Regulation Lending US FDIC 100

PYMNTS

NOVEMBER 9, 2017

In subscription and services-based revenue: Square’s Instant Deposit , its food delivery platform Caviar and its lending platform Capital brought in $65 million in revenue during the third quarter of 2017, and 84 percent year over year. And, of course, Square’s ambitions extend farther.

Payments 123

Payments Capital Maine Course 123

Bank Innovation

JANUARY 25, 2017

The massive South by Southwest conference and festival features startups in a number of categories — transportation, augmented/virtual reality, and of course fintech — plus several others. More fintech is coming to Austin. The event is the 9th annual pitch session for SXSW’s accelerator.

Austin 150

Austin Fintech Conference Course 150

PYMNTS

SEPTEMBER 11, 2018

Those words, of course, describe the decades-old standard practice of having merchant processors hold funds in reserve or hold back a small percentage of each sale to reduce the risk of chargebacks and fraud. Putting Working Capital to Work. They are paying employers, paying their suppliers and re-investing back into their businesses.

Fraud 113

Fraud Capital Payments Tools 113

PYMNTS

MAY 31, 2017

Debit cards, default cards, banks both bricks-and-mortar and digital. In short, how to tangibly capitalize on the tangible? Given where they are in their career progressions, they are just now starting to make bigger-ticket purchases where cards are more dominant.”

ATM 100

ATM Millennials Cards Management 100

South State Correspondent

AUGUST 10, 2023

The reality is, of course, the money is technically there. Banks will move that money from a “master account” via an internal transfer, wire, ACH, card, or other rail to the appropriate destination later that day. Credit cards will be the same way. This allows for greater efficiency through standardization and scalability.

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System Examples Operations Data 195

PYMNTS

SEPTEMBER 23, 2020

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Aussie Alt-Lender Execs Team Up For Corporate Card.

Cards 219

Cards Mobile Lending Payments 219

PYMNTS

JANUARY 25, 2019

The flow of commerce and capital gets bogged down in phone calls, applications, emails and inefficient risk profiling based on traditional credit models. In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise.

Retail 159

Retail Capital Data Payments 159

PYMNTS

OCTOBER 21, 2019

In 2016, it got to the point where it seemed every merchant or tech firm that could affix the world “pay” to its name did so, and launched a mobile payment service to go with it: Apple Pay, Google Pay, Kohl’s Pay, Chase Pay, Capital One Pay, Walmart Pay, Target Pay, CVS Pay, Garmin Pay. The network would run on a card issued by Barclays U.S.,

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

MAY 15, 2017

Right now there is the check, but opportunities are opening to move payments to the ACH rails or commerce card capabilities. Alternately, Weir mentions that in some cases, the bank and the FI are working collaboratively together to underwrite directly using the bank’s capital.

Fintech 150

Fintech System Payments Innovation 150

PYMNTS

OCTOBER 20, 2018

Of course, we don’t really expect or even want gifts for our ninth anniversary. and was followed by the great cybercriminal migration to the web and card-not-present transactions. I’ve watched the credit card industry almost from the beginning, and we got in early. If this person can’t afford this, we won’t lend.

Innovation 177

Innovation Payments Cards Retail 177