PYMNTS

MAY 2, 2017

For small businesses, expansion is key, and expansion needs capital. In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. 500,000 in the United States, with terms of three to five years.

Puerto Rico 118

Puerto Rico Lending Online United States 118

PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009. Take payroll cards.

Cards 158

Cards Las Vegas Innovation Mobile 158

PYMNTS

FEBRUARY 21, 2020

Cashplus is upgrading its mobile app with the Google maps spend tracking feature, the company announced on Thursday (Feb. Commercial Cards and Payments — and before working at Amex, Duseja held a position at Accenture. The Spending Insights tool uses data from Google Maps to find out where and when a payment was made.

Cards 160

Cards Payments Google Tools 160

PYMNTS

AUGUST 1, 2017

With home loan growth expected to slow to 4 percent in 2018, National Australia Bank (NAB) wants to build its business elsewhere, namely in SME lending. A report in The Australian on Monday (July 31) revealed news that the NAB is adding new features to its small business (SMB) lending unit, QuickBiz, in an effort to build market share.

National 100

National Lending Capital Regulation 100

PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Entrée Capital and SBI Investment also participated, alongside other FinTech founders and angel investors. million in new funding for U.K.-based

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Capital Cards Fintech Payments 229

PYMNTS

DECEMBER 10, 2016

Two years ago today, Lending Club was ringing the bell on an IPO that one early investor called “a no-brainer.”. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. “I So what went so right for LendingClub two years ago today at its IPO — and then so wrong?

Lending 100

Lending Compliance Capital Marketing 100

Bank Innovation

MAY 9, 2016

Investors were looking to today’s Lending Club Corp. earnings as a sign of validation for the troubled marketplace lending sector. Instead, they got scandal. The company said Renaud Laplanche has resigned as chief executive and chairman after an internal review found sales of $22 million in near-prime loans to a Read More.

Lending 150

Lending Company Capital Online 150

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. Management said on the conference call with analysts following the earnings release that average total loans, excluding loan sales in home lending, were up 3 percent year over year. Card transactions were up 10 percent on what CEO Jamie Dimon called a “robust” holiday season.

Cards 131

Cards Data Training Community Bank 131

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. Management said on the conference call with analysts following the earnings release that average total loans, excluding loan sales in home lending, were up 3 percent year over year. Card transactions were up 10 percent on what CEO Jamie Dimon called a “robust” holiday season.

Cards 130

Cards Data Training Community Bank 130

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. Earlier this week, reports emerged that some alternative lending and industry professionals are beginning to heighten their anxieties about incoming regulation, particularly as some ponder whether the U.S. Alternative Lending. MarketInvoice.

Lending 100

Lending Regulation Big Data Risk Management 100

PYMNTS

NOVEMBER 17, 2020

Carta's modern issuing platform propels several FinTech companies, including powering over 100 card programs and providing processing tech to companies like TransferWise , Sodexo and Payfare , the release stated. Carta, meanwhile, will now have access to cross-sell Mogo's front-end mobile platform for its own clients, the release stated.

Payments 150

Payments Fintech Resources Mobile 150

PYMNTS

SEPTEMBER 20, 2018

Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Swimming against that tide is China-based P2P lending provider X Financial. X Financial offerings include a balance-transfer credit card product and an unsecured, high-credit-limit loan product. They want more credit,” he said.

US 166

US Lending New York Cards 166

Bank Innovation

JUNE 27, 2016

Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit. Some of the shine seems to have come off fintech innovation in 2016. Read More.

Innovation 285

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PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. China’s central bank gave Mastercard the green light on Feb.

Retail 141

Retail Cards Millennials Fraud 141

Bank Innovation

MARCH 28, 2018

EXCLUSIVE – Are credit cards the next big hot spot for fintech takeover? That’s what startup Petal hopes its partnership with Salt Lake City-based WebBank achieves, as the startup gears to launch of its first major product: a credit card designed to serve the "credit invisible."

Cards 186

Cards Fintech Industry Capital 186

PYMNTS

SEPTEMBER 19, 2018

” Not only does research show that Square’s Cash App is growing faster than PayPal ‘s Venmo , but the company recently boosted its presence in small business (SMB) lending through Square Capital.

Capital 174

Capital New York Conference Lending 174

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. Barcode-Based Mobile Payments. It’s worth noting that CVS supports no other mobile wallet at this point.

Lending 100

Lending Apple Cards Study 100

PYMNTS

FEBRUARY 17, 2020

The historical focus of credit unions has been consumer lending , with a focus on providing the lowest rates to customers. As a result, she said, although credit unions are offering credit card products, they aren’t a central focus. Centralizing The Payments Experience. Building The Right Offerings .

San Francisco 184

San Francisco Cards Lending Meeting 184

Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. Lending Tech With Almost Steady Grades (Even With Rough Semesters). First, there was the drama leading up to the breakup with the rich hottie.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

JANUARY 23, 2019

The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay. Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. PayPal’s iZettle Introduces QR Codes At POS For UK Merchants. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

Bank Innovation

MARCH 23, 2018

As mobile wallets and consumer-to-business payments platforms grow in popularity as the preferred payment method among retail shoppers, it seems only natural that merchants should consider digital POS lending or instant financing options as a means to encourage more online purchases. Indeed, they are. Read More.

Online 218

Online Lending Survey Retail 218

BankInovation

JUNE 18, 2020

Upgrade, the personal loan and credit card service provider, plans to launch a mobile bank account by quarter’s end, on the heels raising another $40 million of venture funding from Santander InnoVentures yesterday.? “We’re

Capital 64

Capital Mobile Cards Customer Experience 64

PYMNTS

SEPTEMBER 21, 2018

The unit handles the bank’s corporate lending, M&A advisory services and capital raising operations. Earlier this year, the bank announced the launch of new features for its CashPro Mobile platform, adding biometrics and embedded token technology into its corporate mobile banking offering.

America 135

America Samsung Mobile Operations 135

PYMNTS

SEPTEMBER 25, 2019

Among the biggest ongoing challenges and opportunities in payments – and a trend that will hold well into the 2020s, which are just about to start – is using mobile technology to bring more consumers into the formal financial sector. Nigerian banks don’t like to lend,” Hainy said. That’s not all. So that’s our starting point.”.

How To 130

How To Lending Digital Banking Examples 130

PYMNTS

MAY 29, 2019

The company said it will use the capital to invest in growth and add some muscle to its $2.3 Previous SoFi investors include SoftBank Capital and Peter Thiel. The private capital space has attracted a lot of interest lately: Investments in the area grew to $4.4 billion balance sheet. percent annual percentage yield.

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San Francisco Capital Millennials cryptocurrency 116

PYMNTS

DECEMBER 12, 2017

The investment was led by GIC, a sovereign wealth fund from Singapore, as well as a host of other participants, ranging from Khosla Ventures to Ribbit Capital and others. With the newest capital raise, Levchin said, “one of the initiatives that we are going to undertake in 2018 is ‘where do we help our merchant partners more?’

Lending 100

Lending Capital Tools Retail 100

Bank Innovation

FEBRUARY 27, 2019

Two fintechs announced new products and services this week geared toward e-commerce sellers, pointing to gaps in offerings from banks and legacy card companies to provide seamless, affordable solutions for online-based businesses looking to scale up quickly or stock up for busier seasons. provides […].

Fintech 186

Fintech Capital Cards Online 186

PYMNTS

MAY 2, 2019

Beyond the headline numbers, the company showed continued traction with larger sellers across its traditional point-of-sale (POS) products, and in newer offerings spanning debit cards and lending. Ahuja said the larger sellers have been using mobile app-based invoice offerings, too. 11, better than the expected $.08.

Cards 140

Cards Lending Payments Conference 140

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. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain. billion growing to $120.7

Fintech 183

Fintech blockchain Lending Digital Banking 183

Let's Talk Payments

MAY 12, 2016

Even as US lending companies face a lot of heat (and stocks fall like a pack of cards), India’s largest online lending platform and small business lender Capital Float has.

Capital 40

Capital Lending Fintech US 40

PYMNTS

JANUARY 27, 2017

Commercial Cards. It’s not everyday that the B2B payments space sees innovation in corporate cards, but Spendesk, based in France, is giving the industry a little boost. TripActions offers rewards for employees when they remain under corporate budget, which can be used for things like Amazon gift cards. Enterprise Mobility.

Fintech 100

Fintech Cards Mobile Capital 100

South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

OCTOBER 14, 2016

The unbanked are often young employed workers that have not built up a credit history and do not own a credit card. According to Forbes, the past few years has seen an increase in bad loans that has caused traditional lenders to be more cautious in their lending, and that includes the nationalized banks.

Lending 100

Lending Capital Maine Cards 100

PYMNTS

JUNE 19, 2018

Businesses that are buying on the Handshake Direct eCommerce website and mobile app can pay suppliers using any major credit card, while vendors can see money deposited into their accounts within two business days. The integration is available to joint customers in the Square App Marketplace, the companies noted.

Payments 116

Payments Cards Lending Online 116

PYMNTS

MAY 28, 2019

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. Just under $3 billion – or $2.7

Apple 159

Apple Mobile Fraud Branding 159

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