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. Finally, National Australia Bank is also looking to streamline SME customer on-boarding, allowing sole traders to open an online account in about 10 minutes.

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PYMNTS

APRIL 10, 2019

FinTech startup Extend announced it has raised $11 million in Series A financing, as it tries to capitalize on interest in virtual credit cards. Extend , which was founded in 2017 by American Express and Capital One veterans, provides the technology so companies can provide virtual credit cards to employees and contractors instantly.

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South State Correspondent

FEBRUARY 22, 2024

Banks consistently produce under their cost of capital. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. As an industry, we misallocate capital. However, if you want to build a legacy institution, then your capital should be longer.

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South State Correspondent

SEPTEMBER 12, 2019

Payment Innovation When it comes to long-range strategic planning in banking, what to do about payments, should be in the top five considerations up there with treasury management, capital allocation, risk tolerance, and human capital. Below, we highlight our ten considerations when developing a payments strategy.

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PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. Current investors from A91 Partners, MAJ Inevst, LGT Lightstone and Falcon Edge Capital also participated.

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Bank Innovation

DECEMBER 13, 2017

The round was led by venture capital firm Dawn and The Fourth Swedish National Pension Fund. Established in 2011, iZettle enables small business merchants across Europe and Latin America to accept card payments. Swedish payment company iZettle today announced it raised €40 million ($47.05 Over the past years, it […].

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CFPB Monitor

OCTOBER 2, 2020

Capital One Funding, LLC , the federal district court for the Eastern District of New York joined the federal district court for the Western District of New York in Petersen v. Cohen and Peterson both involved the securitization of credit card receivables generated on credit card accounts issued by a national bank.

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CFPB Monitor

DECEMBER 14, 2020

Chase Card Funding, LLC and Cohen v. Both cases involved the securitization of credit card receivables generated on credit card accounts issued by a national bank. The parties in Petersen v.

Cards 78

Cards New York National Capital 78

PYMNTS

MAY 6, 2019

Coverage includes the debut of Hong Kong’s MeReal Biometrics Keyper smart fingerprint card. MeReal Biometrics, a biometric card maker based in Hong Kong, has debuted its Keyper smart fingerprint card, according to reports. The card offers multiple forms of communication ranging from contact to sound waves and contactless.

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PYMNTS

JUNE 9, 2017

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009 , possibly due to loosening lending standards. Capital One wasn’t far behind at 5.31 percent, up from 4.84

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PYMNTS

MARCH 1, 2016

In a nod to just how important cybersecurity is becoming to larger firms within the financial space, Capital One said on Monday (Feb. Brought on board, in this case, is literal, as Capital One has created a new seat on its board of directors dedicated to cybersecurity.

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CFPB Monitor

NOVEMBER 3, 2020

Capital One Funding, LLC and Petersen v. Both cases involve the securitization of credit card receivables generated on credit card accounts issued by a national bank. The plaintiffs in Cohen v. Neither court relied on the OCC’s “ Madden fix” final rule for its ruling.

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PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Bank Is Doing to Drive Virtual Card Adoption. 29), has Penn National Gaming Inc.

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PYMNTS

JUNE 21, 2019

Seventy-one percent of respondents said credit cards were imperative when deciding the FIs with which they want to do business, for example. percent of all CU members — currently offer some sort of credit card. billion in credit card debt as of March 2019, according to the U.S. percent of credit card debt held by banks.

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PYMNTS

MAY 13, 2016

Indian airliner Jet Airways is teaming up to bring SMEs in the nation a commercial card solution, a move reports said will bring India its first contactless business card. Reports on Thursday (May 12) said ICICI Bank will collaborate with Jet Airways to launch the Jet Airways ICICI Bank Business Advantage Card.

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PYMNTS

JULY 13, 2020

Sharma now joins the other two co-founders, Robert Farkas and Raymond Trapani, in admitting that they duped investors into funding the Centra Card, which was purported to allow users to purchase items with digital currencies anywhere that accepted Visa and Mastercard. They falsely claimed to have a Harvard-educated CEO backing them.

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PYMNTS

SEPTEMBER 8, 2016

Starting today and running through the end of 2017, travel-loving Capital One customers with either the Capital One Venture Card or the VentureOne Card will have a new perk to play with. The sentiment was mutual, concurred Capital One Managing Vice President Manan Mahadevia, on the loyalty pair-up.

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PYMNTS

NOVEMBER 11, 2020

Plus, Canadian payment services company Interac is collaborating with Walmart Canada to expand debit card payment methods in store and online. LinkAja, an Indonesian FinTech, closed a Grab-led Series B funding round that had participation from Mandiri Capital Indonesia, BRI Ventura Investama and Telkomsel.

Mobile 182

Mobile Payments Capital Fintech 182

PYMNTS

MARCH 29, 2020

Tens of thousands of households are in dire financial straits, sending more people turning to unsecured personal loans and credit cards for a quick bailout. Bigger lenders — JPMorgan Chase , Bank of America , Capital One and Santander — are pouring over various borrowing rules and making revisions, informed sources told the WSJ.

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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. Revolution Payments has unveiled a Level III credit card processing offering for those who use Salesforce , according to a Monday (Jan. 11) announcement.

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Arkansas New Jersey Oregon Capital 152

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.

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Bank Innovation

APRIL 25, 2018

EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today.

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PYMNTS

JANUARY 29, 2020

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. With the introduction of Working Capital, U.S. The round was led by investment firm FTV Capital.

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PYMNTS

APRIL 10, 2020

Beyond Tempe, Starship brought on a grocery delivery service in the nation’s capital last month and grew to Irvine, California. As previously reported , Starship Technologies planned to expand and deliver everything from pizza to Starbucks to university students throughout the nation.

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Arizona Technology California Community 267

PYMNTS

NOVEMBER 3, 2020

This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and geographically, as we will target new markets in South-East Asia,” Statrys Founder and CEO Bertrand Theaud said in the announcement.

Payments 263

Payments Resources Lending Online 263

PYMNTS

DECEMBER 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Capital One Halts BNPL Transactions On Its Credit Cards.

San Francisco 130

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PYMNTS

APRIL 9, 2020

With Visa and Mastercard each having made significant investments to capture more of the SMB segment through an array of payment rails, including card, ACH, and proprietary networks, SWIFT is joining a competitive landscape that aims to overhaul the payment rail status quo. Billhop Eases B2B Card Acceptance. and Sweden, it noted.

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American Banker

JANUARY 3, 2017

Capital One Financial in McLean, Va., is facing regulatory delays as it looks to buy a credit card business from outdoor equipment chain Cabela's.

Capital 39

Capital Cards Regional National 39

BankBazaar

APRIL 11, 2023

National, March 30, 2023: BankBazaar.com , India’s leading fintech co-branded Credit Card platform and online provider of free Credit Scores, closed FY23 with net revenue of ₹160 crore. The company grew its net revenue for FY23 by 60% over FY22 on the back of a 60% growth in its Credit Card issuances.

Branding 78

Branding Capital Cards Retail 78

PYMNTS

JULY 12, 2019

Though not the busiest week in B2B venture capital funding, investors presented a clear preference for corporate expense management and B2B eCommerce, with additional funding going toward logistics and small business banking firms for a total of $203.5 while European investors at Dawn Capital and Accel also participated. ”

Tools 160

Tools Capital Management Technology 160

PYMNTS

APRIL 6, 2020

America is still the most prosperous nation the world has ever seen.”. He added that the Fed could do more, such as “including additional lending facilities and relaxing capital and liquidity requirements to boost the system if needed.”. We have the resources to emerge from this crisis as a stronger country,” Dimon said in the letter.

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Strategy Resources America Cards 159

MyBankTracker

JUNE 20, 2020

A cash rewards credit card can be handy for earning back some of what you spend. The Navy Federal cashRewards Credit Card simplifies cash rewards by letting you earn a flat percentage back on every purchase. This card is also unique when it comes to fees. With this card, eligible purchases earn unlimited 1.5% Redemption.

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Cards Online Examples Capital 52

PYMNTS

FEBRUARY 2, 2021

City National Bank, Extend Pair On Virtual Cards. To launch its new virtual commercial card offering, City National Bank is working with FinTech Extend, the companies recently revealed. Virgin Money Taps Codat For Data Sharing.

Fintech 142

Fintech Miami National Data 142

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. It’s even affecting the titans of capitalism. My Money, My Way. Those are critical.

Cards 135

Cards Millennials Conference America 135

PYMNTS

FEBRUARY 11, 2019

Lunar Way , the Nordic banking app, has raised €13 million in venture funding led by SEED Capital. According to a report , Greyhound Capital, Social Capital and individual investors also participated in the round of funding. You can pay bills, transfer money, set a budget, do saving goals, manage your card, etc.

Capital 108

Capital Fintech National Report 108

PYMNTS

MARCH 3, 2020

Brex creates corporate credit cards, travel programs and rewards for a variety of industries. It has also launched a corporate credit card for startup companies. We’re thrilled to announce our new office in a location that is so rich in global talent.”. The company also has offices in Salt Lake City and New York City.

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New York City User Experience New York Capital 131

PYMNTS

OCTOBER 7, 2019

With the app, Affirm users can shop at almost any retailer by creating a onetime-use virtual card instead of being limited to shops that have Affirm integrated at checkout. . Affirm says that 67 percent of consumers are looking to avoid credit cards this holiday season. . It also has raised $1.03

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