Gonzobanker

AUGUST 24, 2023

One bright spot for the banking industry is Americans’ rising appetite for credit card debt. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. For the past five years or so, banks have obsessed over “innovating.”

Innovation 146

Innovation United States Industry Technology 146

Bank Innovation

MARCH 7, 2018

In 2017, in the United States, overall VC funding -- a barometer of startup activity and appeal.Read More. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

San Francisco 236

San Francisco Fintech United States Marketing 236

PYMNTS

MARCH 17, 2017

The business cards have all been exhausted, and the hearty salutations give way to weary nods of (yet again) recognition. But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

OCTOBER 24, 2019

The integration provides field service businesses with a mobile payment solution to accept card payments at the time of service, receive funds as early as the next business day, and issue invoices from the field. By partnering with Square’s trusted payment platform, we are simplifying the billing and invoicing process for our customers.”.

Payments 100

Payments United States Leadership Regional 100

PYMNTS

MARCH 9, 2018

Index, which was backed by former Google CEO Eric Schmidt’s venture capital firm Innovation Endeavors, is well-known for its software for PIN pads that is able to read a chip card in under a second. Stripe , the $9 billion payments processing startup, has acquired point-of-sale (POS) software developer Index.

Software 109

Software United States Google Online 109

PYMNTS

AUGUST 25, 2019

“It means that we never store any payment card or other sensitive client financial data on our servers and it has not been accessed or compromised,” the company said in its blog. This latest breach is just one of many that seem to occur on a semi-regular basis.

Data 110

Data United States Analytics System 110

PYMNTS

JULY 2, 2020

Small- to medium-sized businesses (SMBs) in particular are struggling against the loss of revenue, something that has already led more than 100,000 SMBs within the United States to permanently close down. Businesses can then make use of the funds similar to how they would use typical business credit cards, according to the companies.

Lending 198

Lending social media Industry United States 198

PYMNTS

NOVEMBER 21, 2016

There are 67 million adults in the United States who are part of the “underserved” market, and those individuals, who do not have bank accounts, paid as much as $141 billion in fees for various financial products last year. Activity has, in fact, moved toward other conduits, such as small business marketplace lenders.

Study 100

Study United States Payments Innovation 100

PYMNTS

APRIL 25, 2019

“We’ve helped merchants successfully build and grow their online stores for 14 years, and now we’re the best partner to help entrepreneurs capitalize on the huge opportunity of in-person selling,” Craig Miller, chief product officer for Shopify, said in a press release.

Retail 122

Retail United States Branding Cards 122

Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

OCTOBER 1, 2020

More than 40 percent of United States businesses received at least some of their invoices in 2019 via a form of communication that many younger generations may have trouble identifying, let alone using: fax. This statistic is emblematic of a larger problem in the world of B2B payments. Around The BaaS World. About The Playbook.

Payments 169

Payments Fintech Trends United States 169

PYMNTS

JUNE 19, 2020

Bank profits in the United States took a 69.6 There is a rush to capitalize on a digital shift powered by the pandemic, and it isn’t about providing physical a digital channel. Can Telehealth And Other Innovations Cure America’s Post-Pandemic Medical-Cost Woes? percent hit for Q1 compared to the same period in 2019.

Payments 151

Payments United States FDIC Retail 151

Bank Innovation

OCTOBER 27, 2016

PayPal will not buy another bank, and specifically not one in the United States. So declared Dan Schulman, CEO of the payments company, this week. This despite the fact that PayPal Inc. has about $6 billion of cash on its balance sheet. “We are a bank in Europe; we are large Read More.

Video 150

Video United States Payments Company 150

PYMNTS

MAY 31, 2019

As has been reported, Global Payments is the third largest merchant acquirer in the United States, while TSYS is the third largest card processor in the country. Citi Said ‘Thanks, But No Thanks’ To The Apple Card. Visa CEO Throws Shade On Real-Time Payments. PayPal Hits $10B SMB Lending Milestone.

Lending 122

Lending Payments Apple social media 122

Celent Banking

OCTOBER 16, 2015

I was pleased to be invited to speak to CSI’s clients about innovation in banking (more about that later.). Surely Capital One is no nimble start-up — with more than 70 million cards and $80 billion in card balances, Capital One is a top-four credit card issuer. What’s The Hurry? .

Conference 100

Conference Las Vegas Nashville Capital 100

PYMNTS

AUGUST 12, 2020

Main Street SMBs across the United States are slowly reopening, and many are turning to digital tools to help boost sales and accelerate cash flows, addressing foot traffic declines arising amid the pandemic. Another 26 percent use their personal credit cards to do so, and 23 percent ask family members or friends for help.

Maine 183

Maine Survey Study Tools 183

PYMNTS

JULY 4, 2016

Today the United States celebrates Independence Day, with cookouts and fireworks and no dearth of parades. payments firms can innovate and tailor their technologies to a large stage, the continent. That’s why an exit from Brexit might be in the cards – especially if capital flows slowly between the U.K.

Fintech 101

Fintech United States Capital Regional 101

PYMNTS

APRIL 24, 2017

This week we saw scientists march, the French go to the polls and a $400 high-tech juicer turned out to be an innovation on par with something that everyone already has: their hands. and yes, this looks like card data breach. In fairness, Juicero strongly recommends hand-squeezing the juice. Ready to jump in? these days.

Millennials 109

Millennials Cards New York Branding 109

Accenture

MAY 22, 2019

For years, banks have enjoyed a low bar on CFO expectations around payment product sophistication and innovation. Companies are moving cash off the balance sheet and investing in areas like wages, capital expansion and innovation. No cash, check or credit card required. 2 Accenture Research on S&P Capital IQ data.

Payments 150

Payments Customer Experience Survey Capital 150

PYMNTS

DECEMBER 27, 2019

Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G. A group of state attorneys is joining together to fight a merger of Sprint and T-Mobile that the United States Justice Department supports. Behind Sysco’s Spend Management Switch To Cards. Trackers and Reports.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

JUNE 9, 2017

Sure, there’s the occasional rent check or the $100 birthday check from Great Aunt Sue, but for the most part, the debit card put a fork through the heart of the consumer’s appetite for writing paper checks. In the world of consumer payments in 2017, seeing a paper check out in the wild has become a genuinely rare event.

Payments 122

Payments Cards Tools Management 122

PYMNTS

JULY 24, 2017

Innovative ideas are inspired by smart people who see problems and have the conviction, capital and courage to come up with new ways to solve for them. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time.

Innovation 119

Innovation Payments Operations System 119

Fintech Labs Insights

NOVEMBER 8, 2016

One of the paradoxes of the early digital banking era (1995 to 2007) was why Capital One was a laggard? Fast-forward six years and Capital One owns the innovation mantle, at least in the United States. Its latest innovation? Kudos to Capital One for leading the way.

UX 17

UX Capital Mobile User Experience 17

PYMNTS

AUGUST 12, 2016

Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. Its pitch to the family is to use their local Mastercard branded credit or debit card to make those payments. Here ya go… SIZZLE.

Lending 100

Lending Apple Cards Study 100

PYMNTS

OCTOBER 22, 2019

Stacey Madge, country manager and president of Visa Canada, said that Canada in general, and Toronto in specific, was an ideal launching ground for the first steps of She’s Next outside the United States because of an ideal confluence of facts emerging in the nation. and around the world.

social media 106

social media Tools Atlanta United States 106

PYMNTS

JUNE 17, 2016

every card transaction has to be authorized. Successful innovation is about solving a problem or introducing a better experience – and at least when it comes to the restaurant sector, mobile and apps have delivered for consumers and the hometown restaurants that are reaping the benefits. Private Label Cards. percent from 2.97

Apple 100

Apple Maine Retail Course 100

PYMNTS

MAY 24, 2019

Left Turn of the Week: Gifts Cards For Body Scans. In an attempt to learn more about the diversity of human shapes and sizes, Amazon is paying volunteers (a $25 Amazon gift card) to get scanned, taped and photographed as part of a study to “learn about diversity among body shapes.”. AI Enhancement.

New York 109

New York New York City Vermont Meeting 109

CB Insights

AUGUST 23, 2018

Today, JPMorgan (JPM) is using its capital and scale to build an entirely digital bank. JPM boasts an industry leading credit card network. With an elite rewards network, JPM is able to use its credit cards as a lever to attract and retain valuable clients. Chase prioritizes hiring technical talent to lead innovation.

Cards 76

Cards Mobile Strategy Branding 76

PYMNTS

JUNE 24, 2016

Walmart, however, is the most visited retailer in the United States with 140 million shoppers per week stepping inside its stores – and with the vast majority of them with smartphones in tow. Costco Card. The Costco Card has generated a lot of buzz. The venture capital backers are no doubt smiling. .

Lending 101

Lending Online South Dakota North Dakota 101

Gonzobanker

NOVEMBER 9, 2015

Samsung Pay was launched in the United States after piloting in South Korea. By 2019, eMarketer is forecasting $210 billion in spend and estimating that mobile payments will surpass payment cards. Lots of talk about innovation and customer experience. Innovation on the merchant side. Big stories/buzz. Two things.

blockchain 60

blockchain Bitcoin Lending Innovation 60

PYMNTS

MARCH 5, 2018

Best Picture — Payments Innovation. Visa’s Singh noted the program will kick off the year by opening up in the United States and Russia — meaning that soon, Visa will begin taking submissions in both regions. But no matter where one looks, it seems payments innovation is the big winner. And the winners are….

Regulation 108

Regulation Data Regional America 108

Jeff For Banks

DECEMBER 22, 2013

capital appreciation and dividends. Texas Capital Bancshares, Inc. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. BofI Holdings, Inc. #2. Bank of the Ozarks, Inc. #3.

Community Bank 84

Community Bank Atlanta Community Strategy 84

PYMNTS

MARCH 31, 2020

This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments. Plastiq Eases Card Rail Friction. No one payment rail can solve every point of friction in B2B payments. Payroll Rails Offer Employee Relief.

Payments 193

Payments blockchain Cards cryptocurrency 193

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. High interest-rate arresting activity, as it turned out, was a theme throughout the year’s stories as well — e ven in segments where activity was, overall, quite innovative.

Millennials 145

Millennials Lending System Data 145

CB Insights

SEPTEMBER 27, 2017

Here’s our guide on how corporations can use startups to innovate faster. Perhaps the most glaring example of the tendency to dismiss innovative new players was when Apple’s iPhone hit the market in 2007. Innovation Summit: (N+1) Trends. ” Innovation Summit: (N+1) Trends. It’s a house of cards.”

Bitcoin 65

Bitcoin Apple Innovation Industry 65

Fintech Labs Insights

NOVEMBER 19, 2021

Naturally, we were excited about it, naming it the biggest innovation of the year. CAN Capital. Lighter Capital. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. CAN Capital. Lighter Capital. So, the capability has existed for 20 years. Biz2Credit.

Atlanta 15

Atlanta Utah Miami DC 15

CB Insights

AUGUST 14, 2018

Perhaps the most glaring example of the tendency to dismiss innovative new players was when Apple’s iPhone hit the market in 2007. Innovation Summit: (N+1) Trends. ” Innovation Summit: (N+1) Trends. It’s a house of cards.” Here’s our guide on how corporations can use startups to innovate faster.

Bitcoin 78

Bitcoin Apple Industry Nebraska 78