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

PYMNTS

JANUARY 12, 2021

Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. Judith Less, who runs a thrift shop in New Jersey, got $27,” the paper reported. Porter Capital Offers New Funding Tools To PPP Recipients.

Arkansas 152

Arkansas New Jersey Oregon Capital 152

PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? They are also too large to get funding through programs solely focused on small business lending.

Maine 218

Maine Lending Pennsylvania Boston 218

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. Speaking at an investors conference in New York, the executive said he was “not convinced” that faster payments “are going to take off like crazy.

Lending 122

Lending Payments Apple social media 122

PYMNTS

SEPTEMBER 4, 2020

The company said it would use the investment to expand its product features with a focus on its automated lending infrastructure, and noted it will now include ACH processing in its offering. Honcho plans to deploy the investment towards new hires and invest in its product roadmap.

New York City 151

New York City Capital Colorado Software 151

PYMNTS

SEPTEMBER 14, 2020

And it’s a world where a new competitor, or even a dozen of them, can pop up overnight. 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.

Capital 214

Capital Long Beach Branding Guidelines 214

PYMNTS

JANUARY 23, 2019

Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards. Their collaboration links Bitty to Visa Direct functionality, allowing it to brand virtual and physical prepaid and debit cards linked to a business account.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

SEPTEMBER 18, 2018

In the last three years, ADGM has been building a globally connected platform to support financial intermediation and facilitate capital flows for all companies, including startups and [small- to medium-sized enterprises (SMEs)],” ADGM Chairman Ahmed Al Sayegh said. While In New York, New York….

Fintech 166

Fintech New York US National 166

PYMNTS

AUGUST 11, 2017

“[Access to credit] is especially critical to these young firms who need funds to weather initial costs and grow,” Claire Kramer Mills, an assistant vice president at the Federal Reserve Bank of New York, said in a statement. We heard about Working Capital and called PayPal,” Lightman said. And they did.

Lending 117

Lending Capital Video Online 117

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

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

PopularBank

FEBRUARY 21, 2023

The branch will increase community lending and financial education initiatives to foster economic empowerment and financial inclusion. Each BDD we create supports our mission to build a more equitable financial services system in New York.” Brooklyn Fifth Avenue is the 5th BDD designation for Popular Bank.

Community 52

Community New York Resources Lending 52

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. Venture Capital Funding. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Cardlay, based in the U.K., Also in the U.K.,

Strategy 109

Strategy Fintech Capital Lending 109

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. According to the New York Federal Reserve, household debt surged in the final quarter of 2017 to $13.15 A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Credit Card Troubles.

Lending 105

Lending Cards America New York 105

Bank Innovation

DECEMBER 6, 2017

The New York-based Hypr announced today that it received an additional $2 million on a Series A funding, first announced in October 2017. Today’s round was led […].

New York 284

New York Technology Online Capital 284

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin 131

Austin Lending Omaha New York City 131

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. For an analysis of the DFS lawsuit, click here.). In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. Consumer Lending.

Conference 60

Conference Lending Community Bank Community 60

PYMNTS

DECEMBER 7, 2020

Paysafe plans to go public on the New York Stock Exchange with a $9 billion listing. 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. And as reported by CNBC Monday (Dec.

Online 161

Online Marketing New York Report 161

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. Some took offense.

Lending 95

Lending San Francisco Community Community Bank 95

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 recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. Just under $3 billion – or $2.7

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

AUGUST 29, 2016

And speaking of “rain,” Citibank and Costco remain a continual illustration of the old adage “it never rains, but it pours,” as yet another thing went wrong in the great store card transition. Well, we’ve got all the news you missed, and we strongly recommend aloe for the sunburn. “You

Cards 101

Cards Capital Louisiana Lending 101

Bank Innovation

MAY 31, 2016

Bisignano, the CEO of First Data, who pulled in nearly $52 million of total compensation last year, a whopping 454% year-over-year increase, according to new data from Equilar provided to The New York Times*. Read More.

New York 150

New York Data Operations Capital 150

PYMNTS

MARCH 15, 2019

As reported in The New York Times and elsewhere, the extension may be voted on by Parliament to last a few months, or it may go toward the end of 2020. 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

APRIL 20, 2018

In recent years, its core trading business has slowed, and its capital market and merger businesses have been fairly flat. Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. Yes, the focus may have been on tax cuts and share buybacks and credit cards.

New York 101

New York Lending Tools Boston 101

CB Insights

DECEMBER 4, 2019

We will be updating this brief on an ongoing basis as more relevant data, investments, news, and products are released. Amazon is notorious for spreading its bets before going all-in on a new product, and the financial services space is no exception. Table of Contents: Amazon’s product strategy. Amazon’s Next Financial Pillar.

Cards 101

Cards Lending Strategy US 101

PYMNTS

MARCH 15, 2019

As reported in The New York Times and elsewhere, the extension may be voted on by Parliament to last a few months, or it may be go toward the end of 2020. Thus: The ability for consumers to cover bills more easily, or for companies to manage working capital more efficiently. As always the devil is in the details.

Apple 101

Apple social media Fintech Lending 101

Abrigo

JANUARY 22, 2015

The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. While the approval rates are high and portfolios are expanding, the OCC did point out that lending standards continued to soften.

Community Bank 150

Community Bank Community Regional Cleveland 150

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

MAY 27, 2016

SME Lending. The B2B venture capital roundup this week is flush with startups providing services to other corporates that, in one way or another, impact the business’ bottom line. The startup announced on Wednesday (May 25) that it had completed a funding round led by Cadron Creek Capital, reports said.

Capital 100

Capital Management Taxes Security 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. Atlas reduces barriers to new business creation. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

Gonzobanker

DECEMBER 17, 2021

CAP COM and SEFCU in New York come to together to create an $8 billion cooperative organization. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. We salute a legend of lending and credit union leadership.

Fintech 147

Fintech Strategy Leadership Lending 147

CB Insights

FEBRUARY 20, 2020

Two of the most recent unicorns are vertical payments processor Flywire , which raised a $120M Series E from Goldman Sachs, Temasek, Tiger Global, and Adage Capital Management in February 2020 at a $1B valuation, and point-of-sale payments startup Pine Labs, which closed a corporate minority round from Mastercard in January 2020 to reach a $1.6B

Fintech 80

Fintech US Lending Cards 80

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Lend exclusively over online peer-to-peer platforms.

San Francisco 70

San Francisco Lending New York City Online 70

PYMNTS

JULY 6, 2020

115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported. ” There is also reportedly evidence that former city officials misused government prepaid procurement cards to purchase goods for personal use.

Fraud 148

Fraud Missouri California Report 148

PYMNTS

OCTOBER 20, 2018

If we had a nickel for every mobile wallet that had come and gone in that time period, we would at this point be larger than The New York Times. and was followed by the great cybercriminal migration to the web and card-not-present transactions. If this person can’t afford this, we won’t lend. 20, 2009. True in 2009.

Innovation 177

Innovation Payments Cards Retail 177