PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. X1 Card Raises $12 Million In Funding Round Led By Spark Capital.

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Cards California Capital Tools 152

PYMNTS

NOVEMBER 5, 2020

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Square Card And Card Not Present . Total net revenues of $3 billion were up from $1.9

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PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Coupa Connects With American Express For B2B Virtual Card Payments.

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Cards Innovation Management Fraud 130

PYMNTS

MAY 11, 2017

A new partnership recently announced between Capital One and Spotify aims to discount subscriptions as a means to draw more users into signing up for the music streaming service’s premium option. With great partners like Capital One, we can create unique ways to give the millions of Capital One customers in the U.S.

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ATM Marketplace

APRIL 2, 2021

Kristin Cardinali is vice president of regional sales at Nvoicepay, a Fleetcor company. With over 16 years of experience working with companies like Capital One, Billtrust, and now Nvoicepay, she delivers scalable payment solutions to mid-market and enterprise companies. Cardinali shares wher thoughts on virtual card programs.

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Cards Fraud Regional Capital 77

PYMNTS

OCTOBER 29, 2019

Marqeta , a card issuing platform, has introduced a new service called Marqeta Reserve Financing, which is designed to help businesses incorporate a reserve financing option into their workflow, according to a release. Marqeta Reserve Financing works with existing working capital, which will exist next to Marqeta’s issuing platform.

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Las Vegas Cards Conference Capital 100

PYMNTS

AUGUST 9, 2019

HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. We now offer a full range of commercial card products to clients across 26 countries in Europe and 43 countries globally, with the same core capabilities in each market.

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Cards Management Regional Policies 100

PYMNTS

NOVEMBER 9, 2018

Carlson Wagonlit Travel has debuted a study that shows that as many as 46 percent of American and European business travelers have said they used company cards to make personal transactions. In the Asia-Pacific region, that tally stands at about 38 percent. Fraud Down Under.

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PYMNTS

DECEMBER 7, 2020

Revolut has launched an acquiring solution for its Revolut Business starter pack, which will allow businesses in 13 European countries to accept credit card payments online. and EEA consumer cards and a 2.8 percent fee for all other cards. Serent Capital Invests In Procurement Partners. The product will feature a 1.3

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PYMNTS

JUNE 3, 2020

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.

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America Regional Fraud Mobile 248

PYMNTS

FEBRUARY 2, 2018

bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports. Bank of America (BofA) officially announced it “will begin declining credit card transactions with known cryptocurrency exchanges” today through a memo distributed to employees on Thursday (Feb. The second-largest U.S.

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America Cards cryptocurrency Bitcoin 113

South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. This data is consistent across regions. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. The number of cards in the wallet is almost a full card at just shy of 3.

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Trends Cards Capital Data 195

PYMNTS

OCTOBER 13, 2016

Shoppers in those regions often put less trust in online merchants and credit card companies and feel unsure about giving out their personal payment information. An alternative to advanced credit card payments. In countries like Egypt, many people do not have bank accounts or cards,” Shawky said.

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Payments Source

FEBRUARY 14, 2017

regional banks are asking U.S. lawmakers to consider easing capital requirements and repealing part of the Dodd-Frank financial overhaul that caps fees banks charge retailers on debit-card transactions. Chief executives at the biggest U.S.

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Cards Regional Capital Retail 60

PYMNTS

JUNE 27, 2017

Cross-border payments platform Currencycloud and Hyundai Card, South Korea’s digital pioneer company, recently announced an exclusive partnership to enable the launch of Korea’s first mobile remittance service provided by a credit company. The service launches soon and will be available through Hyundai Card’s Global Remittance application.

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Cards Mobile Digital Strategies Fintech 100

PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. bank technology firm securing $100 million to expand in the region. This week, Southeast Asia is in the spotlight, with one U.S. KarbonCard. million in new funding.

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PYMNTS

NOVEMBER 26, 2019

million seed round led by TLcom Capital. Founded this year by Sim Shagaya, uLesson is working to lesson educational gaps in the region by integrating mobile platforms, SD cards, cultural curriculum and a network of tutors. The startup’s content and performance assessment will be offered through both streaming and SD cards.

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PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime. Carding” is also a fraudster favorite, according to the report.

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America cryptocurrency Regional ATM 217

PYMNTS

MARCH 31, 2020

With the investment, MatchMove, which is also based in Singapore, will be able to extend its “banking-as-a-service” wallet capability to Shopmatic’s ecosystem spanning over 435,000 eCommerce small and medium-sized businesses (SMBs) and individual entrepreneurs across the region.

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Fintech Regional Security Lending 168

PYMNTS

JANUARY 22, 2020

Regional financial institutes Hong Leong Bank and Maybank are also looking into the possibility of applying for a license, according to the sources. Malaysia is giving preference to bidders with capital governed by firms in the region. million) in opening capital and scale to 300 million ringgit. million customers.

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Digital Banking Regional Capital Study 136

PYMNTS

OCTOBER 25, 2018

It’s not surprising that Apple would go after that market, given that the region is home to 650 million consumers, many of whom are moving into the middle class. In a press release, the companies said that the region, which is home to more than 640 million people, has stayed largely cash-based.

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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.

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Capital Cards Regional National 39

PYMNTS

SEPTEMBER 29, 2020

But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. The other 50 percent, he said, comes from the SMBs that are being overlooked by the traditional financial services community, he told PYMNTS — and who create a majority of jobs in the region. trillion globally, according to Shoihet.

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PYMNTS

OCTOBER 29, 2019

Marqeta , a card issuing platform, has introduced a new service called Marqeta Reserve Financing, which is designed to help businesses incorporate a reserve financing option into their workflow, according to a release. Marqeta Reserve Financing works with existing working capital, which will exist next to Marqeta’s issuing platform.

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Las Vegas Cards Conference Capital 101

PYMNTS

JANUARY 18, 2019

Mastercard ‘s commercial card spend management solution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. MineralTree, meanwhile, has partnered with Visa in the past to support the adoption of commercial cards in accounts payable.

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Cards Community Bank Tools Regional 138

PYMNTS

OCTOBER 4, 2019

An Egyptian firm landed the MENA region’s largest-ever seed round, a California company proved U.S.-based million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. based Steadview Capital, adding to the previous Series A round announced in April.

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American Banker

OCTOBER 18, 2016

Regions Financial in Birmingham, Ala., reported a higher third-quarter profit, citing improved fee income from mortgage lending, capital markets and credit and debit cards. It also benefited from some special items and energy-market improvements.

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Regional Lending Capital Cards 28

PYMNTS

DECEMBER 3, 2019

This latest round of funding comes from new investment firm Durable Capital Partners. Other investors included Tiger Global, Coatue, General Catalyst, Target Global and Entrée Capital. The deals — for a card issuing platform and a payments company in Asia-Pacific — are expected to close in February or March.

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Fintech Capital Regional America 131

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

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PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Regional players like BankUnited have even smaller market caps (at about $2 billion). The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

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PYMNTS

OCTOBER 4, 2019

In addition to the expanded services for SMBs, Payoneer also announced a partnership with commercial card startup Brex to facilitate international business payments to contractors. These new capabilities and partnerships fuel our mission to empower businesses to grow,” said Payoneer VP, Regional Head of Americas Iain McNicoll.

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Capital Regional America Payments 152

PYMNTS

OCTOBER 29, 2018

Power 2018 Credit Card Satisfaction Study. The data showed that overall SMB bank customer satisfaction is at 800 (on a 1,000-point scale) in 2018, which is lower than the overall satisfaction scores found in the J.D. Power 2018 Retail Banking Satisfaction Study and the J.D.

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Regional Study Management Resources 153

Abrigo

JULY 15, 2015

Here are three ways you can help your clients acquire and manage their financial resources: One simple and, if well managed, surefire way to introduce more capital into the pockets of your clients is a business rewards credit card. Advise clients to look for business partners or help connect them with investors in their region.

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Management Resources Capital Taxes 150

PYMNTS

NOVEMBER 26, 2019

The new Workforce Spend Playbook highlights the newest solutions helping SMBs to more effectively manage their capital, and focus on their expansion ambitions. Many card-based solutions have recently debuted, aimed at helping businesses to more easily track expenses, and gain insights into how company funds are spent in the field.

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PYMNTS

APRIL 30, 2020

Some are more exposed to credit card debt and lending to oil and gas companies. The European Central Bank has cautioned banks to be flexible when applying accounting standards, as the region is one where companies depend more on bank lending than on capital markets for funds. However, U.S.

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Lending Comparison Regional Capital 188

PYMNTS

JANUARY 29, 2020

29) that showed increased spending on cards and across borders up double digits. Management expressed confidence about continued uptake of new payment flows such as with instant payments, and contactless payments in card-present situations. billion, and Mastercard said card growth was 5 percent to 2.6

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United States Cards Trends Conference 133

PYMNTS

DECEMBER 17, 2020

One report found that there was a 54 percent increase in gift card and loyalty fraud in May compared to the previous month, making promotion fraud prevention a top priority for merchants. Other fraudsters are deploying phishing schemes to net their ill-gotten gains, either using the stolen data themselves or selling it online.

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